Brazilian assets rally as Bolsonaro leads Lula into an October runoff
Brazilian stocks surged after Flavio Bolsonaro finished ahead of President Lula da Silva in the first round, sending the race to a runoff.
Brazilian stocks surged after Flavio Bolsonaro finished ahead of President Lula da Silva in the first round, sending the race to a runoff.
The senator took 47.03% of the first-round vote against 45.16% for the incumbent, forcing a second round on 25 October.
The presidential race pits the incumbent against a Trump-aligned senator, with spending rules and the US relationship at stake.
Lula and Flavio Bolsonaro are effectively tied going into Sunday’s first round, after Trump put tariffs on Brazilian goods and called the vote very important.
Washington told European capitals to open their emergency diesel stocks or face a ban on US exports; Trump has since said there will be no ban.
Neither candidate appears likely to win outright in the first round, and President Donald Trump says he is watching closely.
US officials told France and Germany to release stocks, and European governments agreed on what they called an assertive response.
The canal authority will raise Neopanamax slots from nine to ten a day and restore a deeper draft from the middle of October.
From 15 October the canal will offer 33 daily transit slots and allow deeper-laden ships, after rainfall restored water levels.
The trilateral pact lets Washington build two new military bases on Greenland while leaving the island under Danish sovereignty.
The president said he does not think the military will be needed, days after telling the United Nations that Cuba’s government will fail.
The security agreement signed in New York opens two military sites and expands Arctic access, while Denmark says Washington will have to pay for them.
The Washington summit extended the truce that ended last year’s trade war to January 10 but produced none of the broader detail markets had been primed for.
The two leaders opened a state visit heavy on ceremony, extending their economic truce by two months while leaving artificial intelligence, fentanyl and the South China Sea unresolved.
The pact expands American military access in Greenland while leaving the territory under Danish sovereignty.
The agreement grants Washington permanent basing rights on the semi-autonomous Danish territory while stopping well short of the ownership President Trump had demanded.
The accord ends a months-long standoff and paves the way for two new US military bases on the island.
A months-long fight over US control of Greenland ends in an agreement granting Washington permanent military rights on the island.
Two American military sites are to open on the island under an agreement Washington describes as giving it permanent control over Greenland’s security.
The agreement expands the US military presence on the island and places Arctic security under NATO oversight, and thinly traded Greenland names moved violently on the news.
The canal authority is capping vessel crossings and rationing slots while Hormuz stays shut, pushing freight costs through two routes at once.
Washington gains an expanded military footprint on the island while Copenhagen and Nuuk say sovereignty is untouched, and the two descriptions do not match.
The island lost power nationwide on Friday, in an outage that reports count as either the sixth or the seventh of the year.
Trump claims permanent control over the island’s security; Copenhagen and Nuuk say sovereignty is untouched.
Brussels floated associate status for Ottawa, and Washington answered with a threat to tariff Europe and halt trade.
The European Commission’s proposal drew a tariff threat the same day Washington moved to strip Canadian goods from federal procurement.
The European Commission president proposed a first-of-its-kind arrangement that would pull Ottawa deeper into Europe’s economic and security architecture.
The waterway is tightening capacity for a second time this year, adding a third chokepoint to a shipping map already squeezed at Hormuz and Bab el-Mandeb.
The president says Ukrainian strikes on Russian energy are raising fuel prices and hurting the world economy.
The president’s public request ties a Ukrainian war aim directly to the price of refined fuel.
The canal authority is rationing slots into next year, putting up to US$10 billion of Caribbean imports at risk.
Forecasters say the pattern is nearing record strength, and the drought is already curbing traffic through a chokepoint that carries about 5 percent of ocean shipping.
The canal’s new administrator says ship numbers could fall further as El Nino drains the freshwater that fills the locks.
Ursula von der Leyen announced a partnership package for Greenland in Nuuk on the same weekend the US president posted maps showing the American flag over Canada, Mexico and the island.
Ilya Espino de Marotta took charge of the waterway on Monday as low water restricts transits and the fix for it remains five years out.
The canal’s administrator says daily transits could fall to 27 from the current reduced 32, while better-than-expected water levels have pushed a planned draft cut back again.