Brazil will head to the polls on October 7 in what is set to be the most polarizing presidential race in living memory. While the final ballot is beginning to take shape, there is still a question mark over the candidacy of former president Luiz Inácio Lula da Silva (Workers’ Party), who may be ineligible to run after his impending appeals court decision on charges of corruption. The imbroglio surrounding Lula guarantees that however the 2018 election turns out, both sides will feel they have reason to call foul play.
The leader of Brazil's Workers' Party, PT, argued in an interview that former president Luiz Inacio Lula da Silva is anything but radical and does not pose a threat to Brazilian financial stability. Brazilian senator Gleisi Hoffman told Bloomberg News that Lula is working on a second letter to Brazilian people (as he did in 2002) to reassure the markets about his commitment to fiscal responsibility.
Brazilian Senator and president of the Workers Party, PT, Gleisi Hoffmann said that jailing ex president Lula da Silva, indicted on corruption charges, once the final ruling is known will mean killing many people.
Four South American ex-presidents are among more than 170,000 people who signed a petition supporting former president Lula da Silva bid for another term as Brazil's president, despite his corruption conviction. US film-maker Oliver Stone also signed the online petition supporting Lula, whose electoral aspirations are at risk of being blocked.
Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains.
Brazil's former president Luiz Inacio Lula da Silva will learn in January whether a prison sentence against him is upheld, officials said, potentially knocking him out of next year's presidential election. Lula was sentenced in July to 9.5 years behind bars after being convicted of corruption in Brazil's huge Car Wash graft scandal.
Former Brazilian senator and environmental minister Marina Silva said on Sunday that she would seek her party’s nomination to run for president next year. Silva announced her plans at a meeting of her Sustainability Network Party, or REDE, which would officially nominate her at its national convention in April.
Half of Brazilians want former President Lula da Silva to win next year's election and return to the office he occupied between 2003 and 2010. The other half wants him in prison for a corruption conviction.
Brazilian Former Lula da Silva and right-wing congressman Jair Bolsonaro would make it to a second round of voting in the 2018 presidential elections if they were held on Sunday, an Ibope poll showed.
Brazil's federal audit court ordered a freeze of former President Dilma Rousseff's assets as well as those of José Sérgio Gabrielli, ex-head of state-run oil company Petrobras, over a US$580 million loss in the 2006 purchase of a Texas refinery.