Data this week will probably show retail sales in the U.S. rose in November by the most in five months, while factory production in the U.K. grew in October for a second consecutive month. Elsewhere, the Chilean presidential election may determine whether the country’s companies boost spending, and Australia’s conservative government will probably issue its midyear fiscal review.
Former President Michelle Bachelet has based her campaign to recapture Chile’s top office on a program of free education for all and higher corporate taxes. Her main opponent calls that model a throwback to the era of the Berlin Wall.
Former Chilean President Michelle Bachelet and ruling alliance candidate Evelyn Matthei will face each other in a presidential runoff next month, pitting an advocate of higher taxes to fund education against a supporter of continuity.
Potash Corp. of Saskatchewan Inc. has the best chance in seven years of taking over Soc. Quimica & Minera de Chile SA as a stock slump and trading probe threaten to loosen the chairman’s grip on the fertilizer maker.
Musician Victor Jara’s family sued a retired Chilean army officer who lives in Florida for allegedly torturing and killing the folk singer and political activist after a military coup four decades ago.
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.