During his visit to Chile and Peru, Pope Francis will honor the country’s religious roots and underline the plight of indigenous men and women. The Vatican said the pope will be in Chile Jan. 15-18, visiting the cities of Santiago, Temuco and Iquique. He then will fly to Peru and, from Jan. 18-21, he will visit Lima, Puerto Maldonado and Trujillo.
Billionaire conservative Sebastian Piñera will begin a second term as Chile's president in March with a strong mandate after trouncing his center-left opponent in Sunday's election, and local markets soared on hopes of more investor-friendly policies.
Chile's Under secretariat of Fisheries and Aquaculture, SUBPESCA, and Oceana Chile jointly announced the freezing of the fishing footprint for the common hake and demersal crustacean fisheries. This means that 98% of Chile's exclusive economic zone, EEZ, will be protected from bottom trawling.
At least eight people are dead and 15 are still missing after a landslide swept through a remote village in Patagonian Chile on Saturday, the country's president said. The deadly catastrophe devastated the town of Villa Santa Lucia, near a popular national park in the Chaitén region following a deluge of rain on Friday.
Billionaire former President Sebastian Piñera easily won Chile's presidential runoff election on Sunday, moving the world's top-copper producing country back to the right. Piñera got 54.6% of the votes to 45.4% for center-left Senator Alejandro Guillier, with nearly all the ballots counted.
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.