Chilean billionaire Sebastian Pinera was Monday celebrating his presidential election win, as stocks surged on expectations the conservative tycoon would usher in new, business-friendly policies. Sunday's victory by Pinera spelled an end to the ruling leftwing Concertacion coalition that has governed Chile ever since the end of General Augusto Pinochet's dictatorship 20 years ago. The billionaire, who owns ...

SANTIAGO (Reuters) - Billionaire Sebastian Pinera was elected Chile's president on Sunday in a political shift to the right after 20 years of leftist rule and will try to build on policies that made the economy Latin America's most stable. Pinera won almost 52 percent of Sunday's run-off vote, the first time the right has wrested power from ...

Chilean billionaire media magnate Sebastian Pinera celebrated victory Monday after winning a runoff presidential election that put an end to a 20-year hold on power by the left-wing coalition of outgoing head-of-state Michelle Bachelet. Bachelet's defeated candidate, Eduardo Frei, a former president himself, conceded defeat after an official count of most ballots Sunday showed Pinera had picked up 52 ...