1. Also weighing on stocks was concern that a recent Argentinian tax increase will depress economic growth and hurt Chilean companies operating there. 2. Also weighing on stocks was concern that a recent Argentine tax increase will depress economic growth and hurt the profits of Chilean companies operating there. 3. A Chilean company is marketing Cuban fruit throughout the world, and an Israeli company is working with Cuban citrus farms to improve their products. 4. A rate increase could stem growth and raise borrowing costs for Chilean companies, hurting earnings. 5. A possible rate increase would slow down economic growth and increase borrowing costs for Chilean companies, reducing profit. 6. A weaker currency has increased in peso-terms the value of foreign debt held by Chilean companies. 7. A weaker peso could reduce fourth-quarter profit of Chilean companies with dollar-denominated debt, such as Endesa, Hurd said. 8. Chilean companies also trade heavily with Brazil. 9. Chilean companies, meanwhile, have a lot to gain from lower trade barriers with Nafta countries. 10. CHILEAN stocks fell on speculation that earnings by Chilean companies with investments in Brazil could be hurt if the Brazilian currency is devalued. |