Sebastian Pinera

Conservative Pinera wins another turn as Chile's president

Former President Sebastian Pinera's resounding victory in a presidential runoff election swings Chile back to the right and highlights the increasing number of conservative leaders who have won power in Latin America.

With nearly all ballots counted, the billionaire won 54.6 percent of the votes Sunday to 45.4 percent for former journalist and center-left Sen. Alejandro Guillier. Analysts had predicted a much closer contest, feeling Guillier had gained ground, although there had not been any opinion polls since the election's first round in November.

Pinera, who ran on a platform of boosting sluggish economic growth in the world's top copper producer, thanked his opponents...