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Latin American Political Earthquake: Milei's Midterm Victory In Argentina Puts Chile In Focus Ahead Of Elections
After Javier Milei's surprise midterm victory in Argentina (documented here), along with the market reaction (see the Goldman note here), attention now shifts across the Andes to Chile's first-round presidential election next month.
Cryptocurrency-based prediction market Polymarket shows a potential victory for conservative free-market candidate Jose Antonio Kast, who is politically aligned with Jair Bolsonaro in Brazil and Milei in Argentina. The trend suggests that socialist power in Latin America may be weakening.
Chile Presidential Election:
Kast: Social conservative, focuses his campaign on crime and immigration. Promises spending cuts, but would need congressional alliances to govern, limiting drastic policy moves.
Johannes Kaiser: Anti-establishment libertarian, similar to Milei, but with limited support.
Jeannette Jara (leftist, Communist Party affiliation)...
Avenue Securities, the Miami-based digital brokerage backed by Itau Unibanco Holding SA, will expand into Chile through a partnership with one of the Brazilian bank's subsidiaries, part of a strategy aimed at building a larger presence in Latin America....
Telefonica SA mandated Citigroup Inc. to manage the sale of its Chilean unit, after the Spanish-based company offloaded many of its other subsidiaries in Latin America....