AGP Executive Report
Last update: 35 minutes agoElection Runoff: Flávio Bolsonaro beat President Lula 47.03% to 45.16% in Brazil’s first round; they face off again on Oct. 25. Thousands of students marched in Rio against a Bolsonaro presidency, as more than 33 million voters abstained. Undecided voters and those who stayed home could prove pivotal. Bolsonaro has proposed constitutional and tax changes. The OAS praised the peaceful vote but warned of polarization and misinformation. Energy and Trade: Brazil awarded seven of 13 pre-salt oil blocks, collecting 530 million reais in signing fees. No rival bids were submitted for the winning blocks. September’s trade surplus reached $7.74 billion, but the government cut its full-year forecast by more than $5 billion, to $84.4 billion.
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