Markets cheer on Bolsonaro’s strong performance in the vote in Brazil

SAO PAULO, Oct. 3 (Reuters) – Stronger than expected support for President Jair Bolsonaro in the first round of the Brazilian presidential election was cheered by financial markets on Monday as the race ended on October 30. The Brazilian Real rose against the dollar by around 3%, while the Brazilian Bovespa Index (.BVSP) rose by … Read more

The elections in Brazil kick off the second round as Bolsonaro dispels Lula’s hopes of a quick victory

SAO PAULO / BRASILIA, October 3 (Reuters) – The second round of Brazil’s presidential campaign kicked off Monday after right-wing president Jair Bolsonaro outperformed the polls and robbed left-wing ex-president Luis Inacio Lula da Silva of a total win in the first round voting. Bolsonaro’s unexpectedly strong performance on Sunday thwarted hopes for a quick … Read more

OPEC + will consider cutting oil by more than a million barrels a day

The cuts may include Saudi voluntary reduction Biggest cut since pandemic reduction Oil fell due to rising Fed rates, weak economy DUBAI, Oct. 2 (Reuters) – OPEC + will consider cutting oil production by over a million barrels a day (bpd) next week, OPEC sources said on Sunday, which would be the biggest move since … Read more