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Embotelladora Andina Reported Higher Earnings in First Quarter |
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Saturday, 02 May 2009 23:25 |
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The Chilean beverages producer Embotelladora Andina (NYSE:AKO.A) reported earnings at Ch$22,68 bln (US$37,4 mln) for 1Q'09. The result is an improvement of 3,14% from 1Q'08, when the company reported a Net Income of Ch$21,99 bln.
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Read more... [Embotelladora Andina Reported Higher Earnings in First Quarter]
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LAN to open new business units |
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Tuesday, 14 April 2009 22:44 |
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The Chilean company recently launched a service for domestic flights in Ecuador. LAN Chile (NYSE:LFL), one of the leading airlines in Latin America is seeking to weather the drop in passengers and freight by opening new business units in the region.
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Read more... [LAN to open new business units]
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BCI Reports Increasing Demand for Credit in Chile |
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Tuesday, 14 April 2009 18:11 |
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Director of Banco de Credito e Inversiones (BCI), Lionel Olavarria, says that the lowering of interest rates has had an immediate effect on credit demand.
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Read more... [BCI Reports Increasing Demand for Credit in Chile]
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Petrobras Bests Pemex for the Second Time |
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Tuesday, 07 April 2009 14:43 |
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Brazilian giant Petrobras' sales surpassed those of the Mexican company Pemex (Petroleos Mexicanos) for the second quarter in a row. The two companies are in a constant "battle" for the position of Latin America's largest company in terms of sales.
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Read more... [Petrobras Bests Pemex for the Second Time]
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Aerolineas Argentinas Reaches Agreement with Sky Airline |
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Monday, 06 April 2009 18:59 |
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The Argentine airline, Aerolineas Argentinas, announced today that they have reached a commercial agreement with the Chilean Sky Airline. The agreement will accommodate the airline's expansion into Chile and Southern Peru.
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Read more... [Aerolineas Argentinas Reaches Agreement with Sky Airline]
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Petrobras to Expand its Presence in Chile |
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Thursday, 16 April 2009 21:01 |
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The Brazilian energy giant Petrobras (NYSE:PZE) confirmed today their interest in expanding their activities in Chile. Petrobras' president, José Sergio Gabrielli, reaffirmed their interest intensions to strengthen their presence in Chile, while awaiting further seismic results before considering further activity in Uruguay.
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Read more... [Petrobras to Expand its Presence in Chile]
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The Luxury Segment Continues to Grow in Brazil |
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Tuesday, 14 April 2009 18:51 |
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Times are still good for business in the luxury segment in South America's largest economy. According to a recent survey, the market for luxury goods is expected to a growth of 8% during the year, while the rest of the economy declines.
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Read more... [The Luxury Segment Continues to Grow in Brazil]
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GOL Airlines Shares Continue to Rise |
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Tuesday, 07 April 2009 22:27 |
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In spite of several recent analyst downgrades, the Brazilian Gol Linhas Aereas Inteligentes (NYSE:GOL) continues to rally in the stock market. The stock has been in a falling trend since April 2008, and the record loss reported for 4Q'08 has not helped in this regard.
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Read more... [GOL Airlines Shares Continue to Rise]
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Petrobras Announces Volume of Discovery in the Santos Basin |
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Tuesday, 07 April 2009 14:24 |
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Petrobras released a brief report on Monday, revealing an estimate of 550 million barrels of oil equivalent in Santos Basin.
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Read more... [Petrobras Announces Volume of Discovery in the Santos Basin]
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Lan Airlines Goes Greener |
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Monday, 06 April 2009 15:38 |
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Chilean Lan Airlines (NYSE:LFL) has announced that they will install winglets on all its Boeing 767-300 Long Range aircrafts.
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Read more... [Lan Airlines Goes Greener]
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