Sunday's election makes Chile the latest country in Latin America to decisively swing from the left to the right, following Argentina, Bolivia, Costa Rica, Ecuador, El Salvador and Panama. Peru, Colombia and Brazil face pivotal elections next year.

Jose Antonio Kast won Chile’s presidential election on Sunday, leveraging voter fears over rising crime and migration to take the country to its sharpest rightward shift since the end of dictatorship in 1990.

José Antonio Kast, a far-right politician, who has praised Chile's dictatorship, has won the presidency, signaling a sharp rightward shift fueled by fears over crime, migration, and the economy.

Chile's state-owned energy company, ENAP, has signed a landmark agreement with four Argentine firms to import crude oil from the Vaca Muerta region.

Chile’s central bank cut its key interest rate by a quarter point for the second time this year, while bringing forward its forecast for when inflation will hit the target.

Chile heads to a presidential runoff on Sunday, with far-right contender José Antonio Kast — a supporter of former dictator Augusto Pinochet — tipped to win.