Chile faces on Sunday one of the elections with most uncertain result. Longstanding disenchantment with the center left leaning coalition that has ruled Chile since the return of democracy in 1990, and a Latin American natural reaction which erupts every now and then when an economy stalls and the blame goes to the local elite in combination with outside treachery capitalists, seems to be the scenario.
With only a few days left for next Sunday's runoff in Chile's presidential election two factors have become decisive and a challenge for the two hopefuls, opposition candidate conservative Sebastian Piñera, and Alejandro Guillier, the incumbent, reluctantly accepted by the current system in office.
Spain's Banco Santander said it had sold its U.S. unit Totalbank to Chile’s BCI for US$528 million as part of moves to sell non-core assets it inherited when it bought Banco Popular. BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander.
The recent calving of a large iceberg from a southern Chilean glacier threatens local ship navigation and could result in flooding for coastal communities, experts said. An iceberg measuring some 350 by 380 meters broke from the Grey glacier in far southern Chile in late November.
Bank of Nova Scotia is pushing deeper into Latin America with a US$2.2-billion bid for control of a Chilean rival, looking to ignite its growth as the bank's fourth-quarter profit edged higher but missed expectations.
The strong performance by Chile’s left-wing parties in Sunday’s election left conservative presidential frontrunner Sebastian Piñera facing a tight battle to win a December runoff and likely opposition to tax breaks in Congress if elected. Piñera came first with more than 36% of the vote, but his two main leftist rivals made a stronger-than-expected showing, garnering a combined 43% between them.
Chilean markets and investors did not like Sunday's election results: the Peso currency and benchmark IPSA stock index fell on Monday after market-friendly presidential candidate Sebastian Piñera garnered less support than expected in the country's election.
Fernando Matthei Chile's ex commander of the Air Force and member of the military Junta, led by Augusto Pinchet, died on Sunday at the age of 92. The former pilot, was the father of Evelyn Matthei, who run and lost against Michelle Bachelet in the 2013 presidential election and since 2016 is mayor of Providencia, one of the main districts fo the capital Santiago.
Conservative Sebastian Piñera, who held a commanding lead in Chile's first round of presidential voting, and leftist former TV journalist Alejandro Guillier will contest a runoff next month. Ex-president Piñera had a 36.6% lead to Guillier's 22.7% with more than 98% of the votes, --of a very low turnout, 46.6%--, counted after the first round.
On Sunday, Chileans will choose a new president that will rule the country for the 2018-2022 pereriod replacing current president, socialist, Michelle Bachelet. Senators, deputies and regional councilmen will also be chosen on Sunday.