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Ingles Copper plunges on weak demand

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23/12/08 - EMOL (Chile)

LONDON.- Copper closed with a 2.06% drop today at the London Metal Exchange after trading for US$ 1.29297 per pound compared to US$ 1.32018 on Monday of this week and US$ 1.28185 on Friday of last week, which was its lowest value in more than four years. The price of the metal plummeted due to a lack of investor confidence in the lower-than-expected interest rate cut in China, while demand woes continue to surge on the somber economic forecasts. China slashed interest rates yesterday in the nation's most recent attempt to avoid the growing economic slow-down. The reduction however, which is the fifth since September, was less than many analysts had predicted. Adding to concerns with regards to the metal, the International Association for Copper Studies has indicated that worldwide refined copper surplus increased by 67% during the January-September time period after the...

Ingles "Marcianitas" triumph, hope to take fifth place in Japan

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10/10/08 - EMOL (Chile)

To see international photos, click here SANTIAGO.- Chile slammed Germany by a score of 2-1 early this morning during a match to define the fifth to eighth places of the IX Women's Roller Hockey World Championship in Yui Honjo, Japan. The reigning world champions seemed to still be suffering from their surprising elimination from the tournament after losing to the United States (1-2), leading to a less confident defense that initailly gave the Germans an advantage. Nevertheless, the match revealed the strength and talent of players Fernanda Urrea and Francisca Puertas, who helped to turn the scoreboard around and cement a victory for Chile that somewhat helps to mend the wound left from Wednesday's match. Chile will now play for the fifth and sixth place this Saturday at 2:00PM local time in Japan (1:00AM Chilean time), against the French national squadron, who recently defeated England...

Ingles Chile defeated by U.S.A., loses first place title in the Women's Roller Hockey World Championships

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09/10/08 - EMOL (Chile)

To see international photos, click here YURI HONJO.- Chile's national women's roller hockey team lost its match against their American counterpart by a score of 2-1 during the quarterfinals of the IX World Championships in Yuri Honjo, Japan. The team, coached by Mauricio Llera, dominated the first half of the match at the gymnasium in Akita. Thanks to an impressive performance, the "Marcianitas" managed to sink their rival with five goal shots impacting the goal post and, up until that point, the reigning world champions displayed a hopeful "superiority" over the American players, who were forced to mount a counter-attack. 10 minutes and 30 seconds into the match, the U.S. team made their move using Gwen Catledge Barry. Nevertheless, the Chilean players managed to even things up twenty seconds later thanks to Tadish Prat. During the second half of the match, all had been moving...

Ingles Chile leads Latin America in financial market ranking

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09/09/08 - EMOL (Chile)

To see international photos, click here GENEVA.- According to the first financial development ranking of the World Economic Forum, Chile currently leads the Latin American economies and is ranked at number 30 out of a total of 52 global markets. The report indicates that the positive institutional and business atmosphere is the key reason why Chile has been listed as number 1 in Latin America. According to the study, the liberalization of the Chilean economy, along with a strong regulatory and legal system, have played a crucial role in the nation's economic development and have helped to boost the success of the financial system. Despite the optimistic comments however, the World Economic Form also proposes that Chile should take advantage of the positive aspects of the financial system in order to improve the markets and financial intermediaries. Among the Latin American...

Ingles Chile enters into free trade agreement with Australia

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27/05/08 - EMOL (Chile)

CANBERRA.- According to the Australian minister of Trade, Simon Crean, a new free trade agreement made between Australia and Chile on Tuesday will further foment mutual investments between the two nations within the industries of mining and raw materials. Australia strongly defends free trade and presides over the Cairns group, which includes 19 agricultural exporter countries. Crean stated that the new agreement will encourage a multilateral trade pact to be passed through current negotiations at the World Trade Organization. This free trade agreement is the fifth of its kind for Australia. The center-left government administration (in power since November) has also decided to pursue similar deals with India, China, Japan and the Association of Southeast Asian Nations. The trade agreement between Australia and Chile represents an annual exchange of over US $850 million.