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.
Embattled Chilean President Sebastian Piñera announced on Sunday that a state of emergency that has lasted more than a week amid mass protests would be lifted at midnight.
Chile plans to roll out a more expansive fiscal policy and additional measures to stimulate economic growth to counter impacts from the U.S.-China trade war, the finance minister said in a newspaper interview published on Sunday.
Mexico, Colombia, Chile and Peru plan to work with the World Bank to launch a new bond to cover losses in the event of extreme weather, Peru's finance minister said.
South Korea and Chile agreed on Wednesday to bolster substantive bilateral partnerships in various sectors on the basis of their free trade agreement (FTA). Korean foreign minister Kang Kyung-wha and his Chilean counterpart Roberto Ampuero held talks on the sidelines of a regional meeting of the World Economic Forum (WEF) in Hanoi, according to Kang's ministry.
Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.
Foreign Secretary Boris Johnson concluded a five-day charm offensive in South America on Wednesday by expressing interest in a trade agreement with Chile and other countries in the so-called Pacific Alliance. Johnson extended a trip to a G20 foreign ministers’ meeting in Buenos Aires to include a tour of Peru, Argentina and Chile, seeking closer ties with all three countries.
Embattled President Pedro Pablo Kuczynski has offered his resignation to Peru's congress ahead of a scheduled vote on whether to impeach the former Wall Street investor on corruption charges, according to a presidential aide. If congress accepts the resignation, power would transfer to Vice President Martin Vizcarra, who is serving as Peru's ambassador to Canada.