Chile's central bank announced a US$ 4 billion injection to stop a currency slide that saw the peso reach historic lows on successive days this week. The peso fell to 820 to the dollar at the close Thursday, breaking the 800 Pesos milestone.
Running away as shots rang out, Carlos Vivanco turned to see where they were coming from. Then he felt his left eye closing and his face dripping with blood. The 18-year-old student had become one of the scores of people hit in the eyes, and in some cases blinded, by police rubber bullets in Chile's recent wave of anti-government protests.
In an appeal to the politicians and people of Chile, the Bishops’ Conference reminds them of what history teaches about the breakdown of institutions, urging all men and women of goodwill to put an end to the violence of every kind.
Chile’s finance minister warned on Tuesday of the “grave consequences” for the nation’s economy of three weeks of often violent unrest after the peso slid 4% to hit a historic low against the dollar. Ignacio Briones said the weakening of the peso was a “sign of worry” that he and his colleagues were watching very carefully.
Chile's long-untouchable elite is now bearing the brunt of popular anger spilling onto the country's streets, and analysts say the signals have been there for years. Resource-rich Chile has long been seen as a stable democracy with South America's highest per-capita income, but economic and political power has rested in the hands of the relative few
Around 75,000 people took to the streets in Santiago on Friday as part of ongoing anti-government protests in Chile. Local press reported the mostly peaceful demonstration as the second-largest since the protests broke out three weeks ago.
Someone hundred Chilean doctors and nurses hit the streets shortly after riots broke out in Chile weeks ago, diving into the fray amid clouds of tear gas and volleys of rubber bullets behind just simple white shields.
Chile's President Sebastian Piñera on Thursday announced a series of measures to tighten public order in the wake of three weeks of anti-government protests that have left at least 20 people dead.
Chile's president said on Wednesday his government had “nothing to hide” concerning allegations that police killed, tortured and sexually assaulted civilians during deadly protests against him. Prosecutors say five of the 20 deaths recorded in the protests against high living costs were suspected to have been at the hands of security forces.
Political instability in Argentina and Chile is taking a toll on Itaú Unibanco Holding SA’s businesses beyond its home market of Brazil, Chief Executive Candido Bracher said on Tuesday.