Argentina’s central bank has sufficient dollar firepower to deal with a spike in demand for the greenback if uncertainty over the country’s upcoming presidential election prompts another run on the peso, bank sources said on Friday.
During the first round of Brazil's presidential election on 7 October, Facebook staff noticed something suspicious on the social network. A story posted to Facebook incorrectly claimed the election was delayed because of protests. The company's data scientists and operations team scrambled to pull down the misinformation before it went viral.
A judge released fresh testimony this week alleging corrupt practices involving members of Brazil’s leftist Workers Party (PT), whose candidate Fernando Haddad faces far-right lawmaker Jair Bolsonaro in Sunday's presidential election.
Brazil's far-right presidential candidate Jair Bolsonaro has a 10-point lead over the Workers Party candidate Fernando Haddad, and would tie in a second-round runoff against him next month, an opinion poll showed on Monday.
The latest public opinion released in Brazil on Sunday, a week ahead of the 7 October presidential election first round shows the two leading candidates virtually in technical ties.
Whoever wins Brazil’s presidential election on October 7, and the runoff on October 28, will have to convince markets, implement austerity measures while trying to drag millions people out of poverty.
Brazil’s Workers Party candidate, Fernando Haddad, would defeat far-right candidate Jair Bolsonaro in an expected runoff vote in next month’s election, a Datafolha poll showed on Friday. In a simulated runoff vote, the poll found Haddad would get 45% voter support, beating Bolsonaro with 39%, with the rest of those asked saying they were undecided or would annul their ballot. Voting is compulsory in Brazil.
Evangelical voters are expected to play a decisive role in Brazil’s Oct. 7 presidential election as new rules ban corporations from making direct contributions in the wake of a graft scandal. With their numbers and clout growing, and the “evangelical bloc” in Congress accounting for 15% of federal lawmakers, evangelical supporters have become the focus of leading candidates.
Brazil's currency closed at a record low of 4.197 to the US dollar on Thursday amid uncertainty and unpredictability surrounding next month's presidential elections. The previous record of 4.166 dated back to January 2016, during a two-and-a-half-year recession.
Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.