The June arrest of a bank employee accused of ties to Venezuela’s Tren de Aragua criminal organization has reignited debate over Chile’s financial secrecy rules, which are among the strictest in the world.
The June arrest of a bank employee accused of ties to Venezuela’s Tren de Aragua criminal organization has reignited debate over Chile’s financial secrecy rules, which are among the strictest in the world.
Chile’s Finance Ministry ditched its goal of balancing the so-called structural budget by 2030 on Tuesday, as the administration struggles to replenish fiscal coffers amid an economic downturn.
Chile’s Finance Ministry ditched its goal of balancing the so-called structural budget by 2030 on Tuesday, as the administration struggles to replenish fiscal coffers amid an economic downturn.
The company seeking to build Chile’s first rare-earth mine is in talks with US International Development Finance Corporation as the Trump administration moves to loosen China’s grip on critical minerals.
The company seeking to build Chile’s first rare-earth mine is in talks with US International Development Finance Corporation as the Trump administration moves to loosen China’s grip on critical minerals.
View of magnesium chloride mountains of the lithium mine of the Chilean company SQM (Sociedad Quimica Minera) in the Atacama Desert, Calama, Chile, on September 12, 2022. - The turquoise glimmer of open-air pools meets the dazzling white of a seemingly endless salt desert where hope and disillusionment collide in Latin America's "lithium triangle." A key component of batteries used in electric cars, demand has exploded for the "white gold" found in Argentina, Bolivia and Chile in quantities larger than anywhere else in the world. Photographer: Martin Bernetti/AFP/Getty Images
As Washington inches closer to a deal with Iran, Chilean investors are moving back into short-term peso bonds, wagering that inflation fears sparked by the Middle East conflict are a thing of the past.
As Washington inches closer to a deal with Iran, Chilean investors are moving back into short-term peso bonds, wagering that inflation fears sparked by the Middle East conflict are a thing of the past.
A customer pays in Chilean peso notes at a store in Santiago. Photographer: Tamara Merino/Bloomberg
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