Sebastian Pinera wins presidency in Chile

Centre-left presidential candidate Alejandro Guillier conceded the Chilean presidency to billionaire conservative Sebastian Pinera on Sunday, as Chile followed other South American nations making a political turn to the right. With 96.31 per cent of votes counted in the world’s top copper producer, former president and market favourite Pinera had won 54.57 per cent of ballots, according to electoral agency Servel. Guillier had 45.43 per cent. Guillier recognised a “harsh defeat” but urged Pinera to continue with outgoing centre-left president Michelle Bachelet’s reforms. - Reuters