Jailed former Brazilian president Lula da Silva is expected to allow his Workers Party to announce running mate Fernando Haddad as its candidate, following the latest ruling from the Supreme Court. Lula had hoped the Justices would agree to an appeal for more time to switch the head of the Workers Party (PT) ticket after Brazil’s top electoral court last week banned him from running due to a corruption conviction and gave him 10 days to remove his name.
Brazil’s jailed former president Lula da Silva is preparing to give up his bid to run in next month’s presidential election, party sources said, after he lost two appeals at the Supreme Court on Thursday. That will remove the most popular candidate from October’s race and pave the way for Lula’s hand-chosen successor, Fernando Haddad, to become the Workers Party (PT) candidate.
Sao Paulo state prosecutors in Brazil said on Tuesday they have charged the Workers Party (PT) vice presidential candidate Fernando Haddad with corruption, but any potential trial would not hinder his ability to run.
The Brazilian Real erased early losses on Tuesday after state prosecutors charged Workers Party vice presidential candidate Fernando Haddad with corruption, driving investors to pare bets on his electoral strength.
On Sunday, Brazil’s top electoral court ruled that “Lula”, former president Luiz Inácio da Silva, cannot run in the presidential election this October. He served two terms as president (2003-2011), he dutifully waited out the following two terms, and his Workers’ Party (PT) has nominated him for the presidency again.
Brazil's Workers Party, PT, said on Saturday that it's sticking with former president Lula da Silva as its presidential candidate even though the electoral court has thrown him off the ballot for an election just five weeks away.
The Brazilian currency Real fell to a 31-month low versus the U.S. dollar on Thursday on jitters ahead of the country’s October election. Jitters across emerging markets caused by a stronger U.S. dollar and exacerbated by the unfolding currency crisis in Turkey already took a toll on the Brazilian unit before this week.
The popularity of imprisoned former Brazilian president Lula da Silva has grown strongly despite his corruption conviction, an election poll on Wednesday showed, a result that rattled markets and raised the possibility that Lula’s running mate could ultimately become the next occupant of the country’s presidential palace.
Far-right presidential candidate Jair Bolsonaro is the clear frontrunner in Brazil’s election in October with up to 25% of voter support, followed by center-left populist Ciro Gomes with 12%, a new poll revealed on Tuesday.
The most likely political heir to jailed former President Lula da Silva insists the leftist leader is still the Workers Party’s candidate for the October elections, but he is preparing to step into the role. Fernando Haddad told the Brazilian media that he was talking with other left-wing parties about forging a united leftist front for the elections if Lula is barred from running by a corruption conviction.