Michelle Bachelet, Chile’s first female president, was named today by the country’s Socialist and Partido por la Democracia parties as their candidate for a primary presidential election planned for June.
A Chilean judge ordered investigators to exhume the remains of Nobel Prize-winning poet Pablo Neruda to determine whether the author of “Twenty Love Poems and a Song of Despair” was murdered after the 1973 military coup,
Codelco, Chile’s state-owned copper producer, is poised to narrow BHP Billiton Ltd.’s lead in the bond market even as it prepares the biggest investment plan since dictator Augusto Pinochet created the company in 1976.
Chile’s peso fell the most in two decades and bond yields rose after the central bank said it will buy $12 billion in the foreign-exchange market, joining other Latin American nations in a bid to offset the dollar’s decline.
Herman Cain, the former pizza executive surging in polls for the Republican presidential nomination, wants to replace Social Security with what he called the “Chilean model” of private pension funds. Full adoption of that model may push the U.S. deeper into deficit than Greece.