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.
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.