After Brazil, Chile is the one of the attractive destination for overseas investors. While Chile’s economy is primarily a commodity-based economy, there are many other factors that favor Chile. From a recent report by OECD: “Chile has managed the crisis better than other small open economies ,†said OECD Secretary-General Angel GurrÃa. “Thanks to sound …
The country of Chile is a top copper producer in the world. While many banks have failed in the developed countries Chilean banks have remained stable. The economy has held up well. Recently an article in Business Week discussed about the growth of the IT industry in Chile. US companies are outsourcing their IT work …
At a special shareholders meeting on March 29th,2009 a stock dividend of 3.2325% was approved. Banco De Chile ADR (BCH) shareholders will receive 3.2325 additional shares for each 100 shares held. Fractional shares will be paid in cash. According to Depositary, JPMorgan Chase Bank, N.A. the effective dates are as follows: ADR record date: May …
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Chile is one of the few emerging market countries that is holding up well this year. The Bank of New York Mellon Chile ADR Index is up 9.05% year-to-date. Though the economy of Chile is heavily dependent on export of commodities such as Copper, in recent years the economy has become more diversified. The domestic …