CHILE

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CHILE

504,525

Total Cases

14,026

Total Deaths

481,379

Total Recovered

9,120

Total Active Cases

0

New Deaths

0

New Cases


via devdiscourse09/30/2020

Health News Roundup: Chile approves clinical trials for Sinovac; Mosquitoes cannot transmit coronavirus and more - Devdiscourse

Oxford to study anti-inflammatory drug Humira as potential COVID-19 treatment Oxford University said on Wednesday it would study whether the world's best-selling prescription medicine, adalimumab, was an effective treatment for COVID-19 patients - the latest effort to repurpose existing drugs as potential coronavirus therapies.

via menafn09/28/2020

Chile includes 8347 more positive cases of coronavirus - MENAFN.COM

Chilean Health Minister Enrique Paris said Sunday that the country has reported a record number of tests in recent days to detect COVID-19.

Highlighting the efforts being made nationwide to detect new cases in time, Paris said We have reached a record figure in the last three days in taking PCR (Polymerase Chain Reaction), totaling 115,219.

via reuters09/10/2020

EMERGING MARKETS-Argentine stocks outperform broader Latam after sovereign rating upgrade - Reuters

Argentine stocks outperformed their peers on Thursday after ratings agency Fitch upgraded the country's sovereign rating, while broader Latin American stocks and currencies gave up early gains tracking volatility on Wall Street. The Merval stock index rose more than 1%, and was the sole gainer among its regional peers for the day. Argentine bonds also rose, with those maturing in 2028 up nearly 9%. Fitch was the second major agency to upgrade Argentina's sovereign rating after S&P earlier this week, citing completion of distressed debt exchanges on its foreign currency sovereign debt securities in both local and external markets. A risk indicator showed that investor perception of Argentine debt had improved since the successful restructuring of foreign and local sovereign bonds. Wall Street reacted to elevated weekly jobless claims numbers in the United States that underscored a tough economic recovery from the novel coronavirus pandemic. The MSCI's index of Latin American stocks fell 2%. Regional stocks face a long road to prepandemic levels because of increasing infection rates and middling economic data. Brazil's real traded flat after increased retail sales came in four times more than estimated on easing of coronavirus-induced lockdowns improving economic activity. Analysts warn that more pain may be in store for the real, which is among the worst performing emerging markets currencies so far this year, down about 24%. "Disagreements over various reform projects against the background of narrow fiscal and monetary policy leeway act as a burden. We therefore do not expect a stronger real until next year at the earliest and after the corona crisis has been priced out," wrote Commerzbank FX analysts Melanie Fischinger and You-Na Park-Heger in a note. Mexico's peso retreated from six-month highs, having almost reclaimed the entirety of its pandemic-induced losses. Peru's sol inched lower ahead of a central bank meeting on Thursday. Credit Suisse analysts expect the bank to hold the key interest rate at 0.25% until 2021. "The bank will likely underline that it considers appropriate to keep a strongly expansive monetary stance for a prolonged period," said CS analyst Alberto J. Rojas. Chile's peso edged lower. Analysts expect its central bank to hold the benchmark interest rate steady at 0.5% for at least the next 18 months and see the rate hitting 1% within two years. Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1084.41 -0.12 MSCI LatAm 1965.48 -1.95 Brazil Bovespa 99487.14 -1.78 Mexico IPC 36162.52 0.01 Chile IPSA 3687.83 -2.22 Argentina MerVal 47004.17 1.04 Colombia COLCAP 1223.58 -1.32 Currencies Latest Daily % change Brazil real 5.3109 -0.22 Mexico peso 21.4760 -0.58 Chile peso 772.4 -0.80 Colombia peso 3708.63 -0.09 Peru sol 3.5438 -0.20 Argentina peso 74.8300 -0.08 (interbank) (Reporting by Susan Mathew in Bengaluru; editing by Grant McCool)

via reuters09/08/2020

EMERGING MARKETS-Currencies crumble as dollar soars; Stocks track Wall Street's slump - Reuters

Emerging market currencies fell sharply on Tuesday, with Brazil's real dropping almost 2%, as economic and trade uncertainty and weakness in the dollar's main European peers boosted the greenback's safe-haven appeal. Amid concerns that a recovery in oil demand could weaken as coronavirus infections flare up around the world, crude prices tanked, further pressuring petro-currencies such as Mexican and Colombian pesos, which fell 0.4% and 1% respectively. In a move that could threaten its investment rating, Mexico, late on Monday, raised a non-binding limit for gross debt to 70% of GDP, almost 20 percentage points above last year's level, for the remaining four years of the term of its fiscally conservative president. Meanwhile, the Mexican government's 2021 spending blueprint will likely forecast revenue similar to this year's level, or 6.1 trillion pesos ($282 billion), a senior lawmaker said on Monday. The dollar soared as the euro fell ahead of European Central Bank meeting, while Brexit uncertainty knocked the pound . Worries about a tough economic rebound from the coronavirus pandemic and simmering U.S.-China tensions after President Donald Trump again raised the idea of decoupling the U.S. and Chinese economies also sent investors to the safety of the greenback. "Risk appetite remains weak as U.S.-China geopolitical tensions flared up again overnight. With the U.S. election only weeks away, we expect more of this to come," said Ned Rumpeltin, European head of FX strategy at TD Securities. "Correlations between risky assets and the dollar have started to rise sharply again. In line with this, we are seeing a further bout of dollar strength against most G10 and major EM currencies." The Argentine peso slipped to new lows, but global ratings agency S&P upgraded Argentina's long-term sovereign credit rating on Monday, pulling it out of default territory after the government successfully restructured over $100 billion in sovereign debt. Coming back from a long weekend, Brazil's real was last down 1.1%, while Chile's peso dipped 0.1%. Elsewhere, South Africa's rand fell as much as 1.5% after the recession-hit economy's second quarter GDP fell more than expected - contracting by a record 51%, as a strict coronavirus-induced lockdown stalled economic activity. Emerging markets stocks slid to their lowest in more than two weeks as Wall Street slumped on a tech rout. Main stocks indexes in Brazil and Mexico slid more than 1%, while Colombian shares were set for the biggest one-day drop in more than six weeks. Key Latin American stock indexes and currencies at 1430 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1088.59 -0.55 MSCI LatAm 1966.75 -2.27 Brazil Bovespa 100212.40 -1.02 Mexico IPC 36080.66 -1.52 Chile IPSA 3830.74 -0.61 Argentina MerVal 44627.32 -2.328 Colombia COLCAP 1232.46 -0.85 Currencies Latest Daily % change Brazil real 5.3644 -1.09 Mexico peso 21.7150 -0.44 Chile peso 774.9 -0.05 Colombia peso 3752.25 -1.13 Peru sol 3.5488 -0.37 Argentina peso 74.7000 -0.07 (interbank) (Reporting by Susan Mathew in Bengaluru; Editing by Alistair Bell)


via bigrapidsnews09/03/2020

EU unveils plan to secure raw materials, cut dependency - The Pioneer

BRUSSELS (AP) - Worried by an increasing dependency on the raw materials used to make smart phones, televisions and energy-saving lights, the European Union on Thursday launched a new strategy to secure access to rare earth minerals and to reduce reliance on suppliers like Chile, China and South Africa. The EU is predicted to need around 60 times more lithium and 15 times more cobalt for electric vehicle batteries and energy storage by 2050. Its demand for rare earth materials in permanent magnets used in several technologies could increase 10-fold over the same period. The coronavirus pandemic is highlighting the world's increasing reliance on electronics and technology for remote work, education and communication, and the 27-nation EU enters a widening race to secure supplies for its communications, health, defense and space sectors along with the United States, China and Japan. "We have to drastically change our approach," European Commission Vice-President Maros Sefcovic said. "We are largely dependent on unsustainable raw materials from countries with much lower environmental and social standards, less freedoms, (and) poor, unsustainable economies." The EU gets around 98% of its rare earth minerals from China. Turkey supplies 98% of its borate, while Chile meets 78% of Europe's lithium needs. South Africa provides 71% of its platinum. The European Commission believes that the EU's mining potential is underused. "We need to diversify supply and make better use of the resources within the European Union, where we would apply the highest environmental and social standards to that effect," Sefcovic told reporters in Brussels. The strategy aims to set up a European Raw Materials Alliance with industry, investors, the European Investment Bank, EU member countries and others to help secure raw...

via finance.yahoo09/02/2020

Chile Central Bank Lifts Its Economic Estimates on Stimulus - Yahoo Finance

(Bloomberg) -- Chile’s central bank reduced its forecast for an economic contraction this year as early pension withdrawals, record-low interest rates and government handouts boost consumer spending.Gross domestic product will shrink 4.5% to 5.5%, versus the previous forecast for a drop of 5.5% to 7.5%, according to the quarterly monetary policy report published Wednesday. Policy makers lifted their year-end inflation call to 2.4% while also forecasting shallower drops in investment and domestic demand.Click here for a list of central bank forecastsThe central bank said a new law allowing citizens to tap part of their pension savings will amount to roughly 6% of GDP, of which half will be spent on consumption in 2020 and early 2021. Policy makers “describe this measure’s impact on domestic demand and activity as very significant in the short-term. For the long-term, it’s also important to note the need to consider its effect on savings, investment and growth.”The report comes hours after the central bank held its benchmark interest rate unchanged at a record low of 0.5% amid below-target inflation, while hinting that borrowing costs may start to rise again earlier than previously forecast. A slowdown in the spread of the coronavirus has allowed the government to lift restrictions in some cities, helping consumer spending. Read more: Chileans Swamp Pension Offices as Pinera Concedes DefeatThe bank “forecasts that the key rate will continue at its minimum level for most of the monetary policy horizon of two years,” policy makers said in a statement accompanying Tuesday’s decision. The bank had previously said it would remain on hold for “all of the forecast horizon.”“The central bank is signaling that it is becoming a bit more hawkish,” said Sergio Godoy, chief economist at STF Capital. Some numbers have improved recently, fiscal stimulus has increased since the previous statement and high-frequency data shows that August was better than July, “but it’s hard to get enthusiastic in the middle of the pandemic,” Godoy said.While economic activity is beginning to pick up, inflation remains subdued at 2.5%, below the central bank’s 3% target. One-year inflation breakevens are trading at roughly 2.3% after reaching 1% in June, which was the lowest since the 2009 financial crisis.Aside from cutting borrowing costs, the monetary authority has implemented credit lines for banks to lend to smaller companies and bought bank bonds in the secondary market to boost liquidity. Lawmakers also recently gave the central bank legal permission to buy Treasury bonds in the secondary market under certain conditions.(Re-tops story with central bank revisions from monetary policy report)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

via fiercepharma09/01/2020

After another Kevzara fail in COVID-19, Sanofi and Regeneron shift their attention elsewhere - FiercePharma

In yet another hit for IL-6 inhibitors in coronavirus treatment, Sanofi and Regeneron's Kevzara failed a study in hundreds of severe and critical patients. The partners are now pulling the plug on further COVID-19 research featuring that rheumatoid arthritis med, focusing instead on their individual vaccine and antibody projects.

via menafn09/30/2020

1622 more patients diagnosed with coronavirus in Chile - MENAFN.COM

By Wednesday, the combined number of patients who have diagnosed with the novel coronavirus in Chile has reached 461,300 whereas the national tally of lives that have been claimed due to the merciless pandemic of the virus amounted to 12,725 of the total cases.

During the past 24-hour period as of Wednesday, Chile registered 1,622 more patients test

via republicworld09/11/2020

Clashes during memorial of Chiles military coup - Republic World - Republic World

Stay informed with today’s latest news from India & around the world. Get all the breaking news & current Indian news on politics, sports and entertainment only on Republic World. We provide the most in-depth coverage of top national news with timely breaking of all the recent news on politics, sports & entertainment


via reuters09/07/2020

EMERGING MARKETS-Latam FX slips on China-U.S. tensions, mixed trade data - Reuters

day winning streak * Trading volumes muted due to Brazil, U.S. holidays (Adds details, updates prices) By Susan Mathew and Ambar Warrick Sept 7 (Reuters) - Latin American currencies weakened in slim trade on Monday as commodity-linked currencies were pressured by signs of waning demand in China, while tensions between China and the United States also weighed on sentiment. Oil prices fell and gains in metal prices were capped after data showed that China's imports slipped in August, although exports surged. China is one of the largest export destinations for Latin America. Data also showed China's iron ore imports fell 10.9% in August from a month earlier, easing from a record high. News that Washington may impose sanctions on China's biggest chipmaker, SMIC, rattled markets with the possibility of retaliatory action from Beijing. Mexico's peso fell slightly and was set to break a four-day winning streak, despite official figures showing Mexico's measure of spending on machinery, equipment and new construction posted its biggest monthly rise on record in June after plummeting earlier in the coronavirus pandemic. Chile's peso led losses among its peers after data showed the value of shipments of copper fell 13.2% year-on-year in August to $2.761 billion, hit by a dip in production and low prices. Chile is the world's top world copper producer. Among stocks, Chile's IPSA index rose 1%, while Mexican stocks added about 0.5%. Trading volumes were muted due to market holidays in Brazil and the United States. In Argentina, the government said it successfully restructured over $40 billion of local-law foreign currency debt on Friday, on top of its recent $65 billion international bond revamp, which will help the country dig itself out of its ninth sovereign default. The peso, however, fell to new lows. It has been heavily controlled by the government after a spell of volatility last year. A central bank survey showed Argentina's economy is likely to contract 12% in 2020 due to the effects of the COVID-19 pandemic, a slightly more positive outlook than a month earlier. In another positive move, S&P Global Ratings on Monday upgraded Argentina's long-term sovereign credit rating to "CCC-plus" from "SD," citing the conclusion of prolonged foreign and local law foreign currency debt restructurings. Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1094.48 -0.46 MSCI LatAm 2012.57 0.17 Mexico IPC 36666.74 0.6 Chile IPSA 3854.64 1.16 Argentina MerVal 45766.26 1.533 Colombia COLCAP 1240.39 0.01 Currencies Latest Daily % change Mexico peso 21.5850 -0.09 Chile peso 774.7 -0.48 Colombia peso 3710 0.09 Peru sol 3.5357 -0.28 Argentina peso 74.6400 -0.27 (interbank) (Reporting by Susan Mathew in Bengaluru; Editing by Leslie Adler)

via reuters09/07/2020

EMERGING MARKETS-Mexican peso breaks winning streak, other Latam FX fall as dollar gains ground - Reuters

Latin American currencies weakened on Monday with Mexico's peso breaking a four-session winning streak, as the dollar gained ground amid China-U.S. tensions and mixed trade data from Latam's major commodity exports destination, China. A decline in oil prices on China demand uncertainty and as Saudi Arabia made steep monthly price cuts also weighed on currencies of crude exporters Colombia and Mexico, which fell around 0.1% each. Investors shrugged off official figures showing Mexico's measure of spending on machinery, equipment and new construction posted its biggest monthly rise on record in June after plummeting earlier in the coronavirus pandemic. Chile's peso slipped after data showed the value of shipments of copper fell 13.2% year-on-year in August to $2.761 billion, hit by a dip in production and low prices. Chile is the world's top world copper producer. Brazil markets were closed for a local holiday. Volumes were muted as U.S. markets were closed for the country's Labor Day holiday. Among stocks, Chile's IPSA index rose 0.3%, while Colombia's COLCAP extended losses to a third straight session. Global stock markets were pulled higher by upbeat moves in Europe, but news that Washington may impose sanctions on China's biggest chipmaker, SMIC, and data showing China's exports rose in August but imports fell kept sentiment fragile. Data also showed China's iron ore imports fell 10.9% in August from a month earlier, easing from a record high. In Argentina, the government said it successfully restructured over $40 billion of local-law foreign currency debt on Friday, on top of its recent $65 billion international bond revamp, which will help the country dig itself out of its ninth sovereign default. The peso, however, fell to new lows. A central bank survey showed Argentina's economy is likely to contract 12% in 2020 due to the effects of the COVID-19 pandemic, a slightly more positive outlook than a month earlier. Key Latin American stock indexes and currencies at 1400 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1094.29 -0.47 MSCI LatAm 2010.30 0.05 Mexico IPC 36535.89 0.24 Chile IPSA 3823.42 0.34 Argentina MerVal - - Colombia COLCAP 1237.91 -0.19 Currencies Latest Daily % change Mexico peso 21.5969 -0.14 Chile peso 772.6 -0.21 Colombia peso 3710 0.09 Peru sol 3.5257 0.00 Argentina peso 74.6400 -0.27 (interbank) (Reporting by Susan Mathew in Bengaluru; Editing by Leslie Adler)

via greenwichtime09/03/2020

EU unveils plan to secure raw materials, cut dependency - Greenwich Time

BRUSSELS (AP) - Worried by an increasing dependency on the raw materials used to make smart phones, televisions and energy-saving lights, the European Union on Thursday launched a new strategy to secure access to rare earth minerals and to reduce reliance on suppliers like Chile, China and South Africa. The EU is predicted to need around 60 times more lithium and 15 times more cobalt for electric vehicle batteries and energy storage by 2050. Its demand for rare earth materials in permanent magnets used in several technologies could increase 10-fold over the same period. The coronavirus pandemic is highlighting the world's increasing reliance on electronics and technology for remote work, education and communication, and the 27-nation EU enters a widening race to secure supplies for its communications, health, defense and space sectors along with the United States, China and Japan. "We have to drastically change our approach," European Commission Vice-President Maros Sefcovic said. "We are largely dependent on unsustainable raw materials from countries with much lower environmental and social standards, less freedoms, (and) poor, unsustainable economies." The EU gets around 98% of its rare earth minerals from China. Turkey supplies 98% of its borate, while Chile meets 78% of Europe's lithium needs. South Africa provides 71% of its platinum. The European Commission believes that the EU's mining potential is underused. "We need to diversify supply and make better use of the resources within the European Union, where we would apply the highest environmental and social standards to that effect," Sefcovic told reporters in Brussels. The strategy aims to set up a European Raw Materials Alliance with industry, investors, the European Investment Bank, EU member countries and others to help secure raw...

via finance.yahoo09/01/2020

Sociedad Quimica y Minera de Chile S.A. -- Moody's changes SQM's outlook to negative; affirms Baa1 rating - Yahoo Finance

Moody's Investors Service, ("Moody's") has changed Sociedad Química y Minera de Chile S.A.'s ("SQM") outlook to negative from stable and affirmed the Baa1 of SQM's senior unsecured notes. The negative outlook also reflects our concern over SQM's large dividend payouts, which have contributed to the company's negative free cash flow generation since 2018. SQM's strong liquidity position also support its Baa1 rating.

via nytimes09/01/2020

Chile's Economic Activity Down 10.7% in July, Better Than Expectations - The New York Times

Chile's economic activity <CLACTI=ECI> was down 10.7% in July from the same month a year ago, the central bank said on Tuesday, an improvement on the 12.5% drop expected by the market as the Latin American country remained under strict lockdown to slow the spread of the coronavirus.


via journal-news09/11/2020

Stalled by pandemic, migrants press in quest for better life - Hamilton Journal News

LAJAS BLANCAS, Panama (AP) — Duperat Laurette fled Haiti after her country's massive 2010 earthquake, making her way first to the Dominican Republic, then Chile and five years later to Panama, all with the dream of reaching the U.S. and finding a job to help support 14 siblings left behind in Haiti.

via reuters09/08/2020

EMERGING MARKETS-Latam FX drops as Wall St rout spurs dollar demand - Reuters

Emerging market currencies fell on Tuesday as a sharp fall on Wall Street sent panicked investors into the U.S. dollar, with simmering Sino-U.S. tensions and concerns over an economic recovery adding to the mix. Amid concerns that a recovery in oil demand could weaken as coronavirus infections flare up around the world, crude prices tanked, further pressuring petro-currencies such as the Mexican and Colombian pesos, which fell about 0.7% each. In a move that could threaten its investment rating, Mexico late on Monday raised a nonbinding limit for gross debt to 70% of GDP, almost 20 percentage points above last year's level, for the remaining four years of the term of its fiscally conservative president. Meanwhile, the Mexican government's 2021 spending blueprint will likely forecast revenue similar to this year's level, or 6.1 trillion pesos ($282 billion), a senior lawmaker said on Monday. Mexican stocks led losses among their peers for the day, while other Latin American indexes tracked a technology-led rout on Wall Street. The MSCI's index of Latam stocks dropped more than 2%. The dollar hit a three-week high as losses in Wall Street brewed risk aversion. Worries about a tough economic rebound from the coronavirus pandemic and simmering U.S.-China tensions after President Donald Trump again raised the idea of decoupling the U.S. and Chinese economies also sent investors to the safety of the greenback. "Risk appetite remains weak as U.S.-China geopolitical tensions flared up again overnight. With the U.S. election only weeks away, we expect more of this to come," said Ned Rumpeltin, European head of FX strategy at TD Securities. "Correlations between risky assets and the dollar have started to rise sharply again. In line with this, we are seeing a further bout of dollar strength against most G10 and major EM currencies." The Argentine peso slipped to new lows, but global ratings agency S&P upgraded Argentina's long-term sovereign credit rating on Monday, pulling it out of default territory after the government successfully restructured over $100 billion in sovereign debt. Coming back from a long weekend, Brazil's real fell 1%, while Chile's peso rose slightly. Elsewhere, South Africa's rand fell as much as 1.5% after the recession-hit economy's second quarter GDP fell more than expected - contracting by a record 51%, as a strict coronavirus-induced lockdown stalled economic activity. Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1087.78 -0.62 MSCI LatAm 1964.35 -2.39 Brazil Bovespa 99694.53 -1.53 Mexico IPC 36061.92 -1.57 Chile IPSA 3814.84 -1.02 Argentina MerVal 45418.69 -0.596 Colombia COLCAP 1232.41 -0.85 Currencies Latest Daily % change Brazil real 5.3575 -0.96 Mexico peso 21.7600 -0.65 Chile peso 772.3 0.28 Colombia peso 3737.45 -0.73 Peru sol 3.5408 -0.14 Argentina peso 74.7000 -0.07 (interbank) (Reporting by Susan Mathew in Bengaluru; Editing by Alistair Bell and Jonathan Oatis)

via startribune09/07/2020

Stalled by pandemic, migrants press in quest for better life - Minneapolis Star Tribune

Duperat Laurette fled Haiti after her country's massive 2010 earthquake, making her way first to the Dominican Republic, then Chile and five years later to Panama, all with the dream of reaching the U.S. and finding a job to help support 14 siblings left behind in Haiti.

via finance.yahoo09/07/2020

EMERGING MARKETS-Mexican peso breaks winning streak, other Latam FX fall as dollar gains ground - Yahoo Finance

A decline in oil prices on China demand uncertainty and as Saudi Arabia made steep monthly price cuts also weighed on currencies of crude exporters Colombia and Mexico, which fell around 0.1% each. Investors shrugged off official figures showing Mexico's measure of spending on machinery, equipment and new construction posted its biggest monthly rise on record in June after plummeting earlier in the coronavirus pandemic. Chile's peso slipped after data showed the value of shipments of copper fell 13.2% year-on-year in August to $2.761 billion, hit by a dip in production and low prices.

via reuters09/02/2020

EMERGING MARKETS-Rouble slides as Germany says Navalny poisoned with Novichok, Brazil's real gains - Reuters

The Russian rouble slid 2% on Wednesday after Germany said Kremlin critic Alexei Navalny had been poisoned with a nerve agent of the Novichok family, while the Brazilian real rose as data signaled a stable post-pandemic economic recovery. After having opened slightly weaker against the U.S. dollar, the rouble tumbled 2.4% to 75.30 in reaction to the German comment. Versus the euro, the rouble fell 1.5% to 88.93. The real firmed for a second straight session as data showed factory gate inflation rose at its fastest pace in July, driven by increasing food costs and the price of oil and biofuels products. A selloff in the currency has eased recently amid stronger-than-expected macroeconomic data, including record growth in manufacturing activity last month. Central bank chief Roberto Campos Neto said on Wednesday Latin America's biggest economy was on course to shrink by about 5% this year and grow by 4% or more in 2021, stressing the importance of the government resuming its agenda of strict fiscal discipline. A wider index of Latin American currencies eased 0.4% as the dollar bounced off two-year lows following upbeat factory activity data in some of the world's biggest economies. "Solid economic data out of the United States and China are giving investors hope that the global economy might recover faster than expected from the COVID-19 crisis," said Milan Cutkovic, market analyst at AxiCorp. "This is an important signal for markets, which have already priced in a lot of positive news." A basket of Latin American equities fell 0.7% after posting its best session in three months on Tuesday. Losses were led by bourses in Brazil and Argentina , while the Colombian stock index bucked the trend to gain about 1%. Brazilian miner Vale SA slid 1.4% as it said in a filing it failed to meet safety standard levels for three dams in Minas Gerais state, adding it did not see any impact on iron ore production this year. The Chilean peso eased 0.2%. The country's central bank softened its prediction for an economic contraction in 2020 in the world's top copper producer, saying on Wednesday the gradual easing of coronavirus-led lockdowns and "support for household income" had helped bolster the flailing economy. Chile's currency has bounced about 14% from its March lows to trade near its January high of 749.93 to the dollar. By contrast, the Mexican peso is still about 15% below its own pre-pandemic highs. On Wednesday, it eased another 0.2%, with President Andres Manuel Lopez Obrador saying the 2021 budget will call for spending on priority infrastructure and will not raise taxes. The finance ministry is due to present the new budget on Sept. 8. Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1116.48 -0.32 MSCI LatAm 2003.41 -0.68 Brazil Bovespa 101469.05 -0.68 Mexico IPC 37070.86 -1.11 Chile SPIPSA 3801.47 1.29 Argentina MerVal 45700.55 -1.815 Colombia Colcap 1268.23 0.99 Currencies Latest Daily % change Brazil real 5.3662 0.34 Mexico peso 21.8270 -0.17 Chile peso 772.8 -0.21 Colombia peso 3646.7 0.63 Peru sol 3.5297 -0.08 Argentina peso (interbank) 74.3100 -0.08 (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Lisa Shumaker)

via menafn09/01/2020

Chile's Coronavirus caseload arrives at 411726, fatality toll strikes 11289 - MENAFN.COM

On Monday August 31 Chile accounted an entire of 411,726 people have tested optimistic for the novel coronavirus since the start of the pandemic and 11,289 people have passed away from the virus.

The Ministry of Health stated that 1,753 new cases of contagion were noticed in the preceding day, and 45 additional patients passed away.

Health aut