Chile has become the latest country in the region to elect a right-wing president.

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.

After being edged out by 2.9% in the Nov. 16 general election by his Communist Party opponent Jeannette Jara, Republican Party candidate José Antonio Kast reversed the result in the Dec. 14 runoff vote to become the new president-elect of Chile.