Bloomberg Chile’s presidential election is heading for a hotly contested second round after billionaire Sebastian Pinera took a smaller-than-expected lead in Sunday’s vote. The opposition leader had 36.7 percent of the vote with 89 percent of ballots counted, the electoral service said, short of the 50 percent plus one vote he needed to avoid a run-off. His rival in the …

Most Americans likely think that our trade policies have been largely the same since the Republic’s earliest days. The assumptions are that we’re free traders now and always have been; also, that we’ve long been a manufacturing power, boosting exports. If we sometimes lose in global competition, the main cause is that other countries don’t play fair. The truth is …

Amazon.com Inc. had better watch out. The $200 billion e-commerce market Morgan Stanley is forecasting for India by 2027 just got a new contender — with a very different plan. Energy tycoon Mukesh Ambani has already disrupted the country’s telecom industry. His next big foray may be online retail. But India’s richest man may not create a marketplace of his …