Economics
Pinera Regains Chilean Presidency on Growth Pledge
- Pinera won 54.6% of the vote, against 45.4% for rival Guillier
- The former president will assume power in March next year
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Billionaire Sebastian Pinera swept to victory in the second round of Chile’s presidential election, putting him back in charge of Latin America’s wealthiest country after four years of anemic growth that drew millions of voters to his pro-business agenda. Stocks posted the biggest gain in almost a decade.
It was a victory for those who believe fervently in growth first -- and equality second -- and it was one that had suddenly looked in doubt in the final days of the campaign. But Pinera wound up capturing 54.6 percent of the vote to just 45.4 percent for his rival Alejandro Guillier of the ruling center-left coalition.