Credit ratings agency S&P downgraded Chile's long-term foreign currency rating to 'A+' from 'AA-' on Thursday, the country's first downgrade since the 1990s, as weak business confidence and low prices for key export copper have eaten into fiscal revenues.
The diversity flag was hoisted Wednesday on Mount La Cruz in Punta Arenas, Chile's southernmost city, as part of the celebration of the International Gay Pride Day (LGBTI) by the Iguales Foundation. Similar ceremonies were held all over the world, including the Magallanes Region Government House, over 2,000 kilometers south of Santiago.
Presidents Mauricio Macri of Argentina and Michelle Bachelet of Chile met Tuesday at the Palacio de la Moneda in Santiago to discuss bilateral ties and a trade agreement between the two countries.
On Friday, Chilean President Michelle Bachelet extended a formal apology to the Mapuche people for “errors and horrors” perpetrated by the state against their communities. She announced plans to concede more power and resources to the Indigenous group.
Conservative former president Sebastian Piñera has pulled further ahead of center-left hopeful Alejandro Guillier in Chile's presidential race, but the two remain the favorites to face off in the November election, a closely watched poll released on Friday showed.
Chilean president Michelle Bachelet cut the first sheet of steel for the construction of the country's new icebreaker which is expected to be operational for the 2022/23 Antarctic season, replacing the ageing Almirante Oscar Viel. The US$ 200 million plus project based on a contract with naval architects and marine engineers Vard Marine, will be built at ASMAR Talcahuano, Shipbuilding & Ship Repair Company.
A leftist senator running for president in Chile's November election is tied in a head-to-head match-up with the conservative frontrunner, even as his support has slipped in recent months, a poll released on Thursday showed.
Chile set aside 11 million acres of land for national parks aided by the largest private land donation from a private entity to a country. The conservation effort of the Tompkins Foundation helped pave the way for Chile to greatly expand its conservation of the pristine Patagonia wilderness.
Sebastian Piñera, who was Chile's president from 2010 to 2014, officially declared this week his intention to seek the office again this year, betting that widespread disillusion with the governing coalition will help him win over voters. Conservative Piñera who ranks 745th on the Forbes list of the world's richest billionaires, is bidding for the nomination of the 'Chile Vamos' coalition, formed by his party and the more conservative UDI.
Chilean President Michelle Bachelet on Wednesday denied reports she received financial support for her 2013 campaign from a construction conglomerate that is involved in Brazil's huge Petrobras corruption scandal. Grupo OAS is among dozens of Brazilian companies that are embroiled in a kickback scheme that is the biggest corruption scandal in Brazil's history.