Buhari Congratulates Brazil's Bolsonaro On Election Victory

German Chancellor Angela Merkel has stood by her refusal to supply weapons to Saudi Arabia until the murder of dissident Jamal Khashoggi is clarified

Global Markets Celebrate Election of Bolsonaro and Downfall of Merkel AFP 29 Oct 2018

The ETF lost steam in the afternoon and closed at US$38.775.

In his television interview Bolsonaro - who recently threatened to exile or jail "red outlaws" - said he expected "fierce" opposition but would not seek "to crush" such dissent.

Pompeo congratulated Bolsonaro on his win and "reinforced the vibrant partnership between the United States and Brazil based on our mutual commitment to promote security, democracy, economic prosperity, and human rights", said a statement issued by State Department spokesperson Heather Nauert. "One of their leaders - Dilma Rousseff - was impeached".

"The PT isn't a homogeneous party".

Now serving 12 years in prison, Lula was barred from running in the election.

For voters, Bolsonaro was a shift from the norm. The former army captain won a sweeping election victory on Sunday. Osorio called him an "unabashed admirer of the vicious, vicious military dictatorship" that ruled Brazil between 1964 and 1985.

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Brazil's currency, the real, has gained around 10 percent against the dollar this month and interest rate futures have tightened dramatically as Bolsonaro's prospects improved.

"They always accuse others of being what they are themselves", he said.

Bolsonaro relied on the support of evangelical groups in the run-up to the election. His chief economic advisor is Paulo Guedes, a University of Chicago-trained free-market economist.

The UOL news portal, owned by the Grupo Folha, which also controls the Folha de S.Paulo newspaper, used Brazil's freedom of information act as the basis for a 2015 article that showed Globo received 565 million reais in federal government spending in 2014. The inverse could be true if Bolsonaro himself takes charge.

Retired General Augusto Heleno, slated to become defense minister, told reporters that Bolsonaro has a positive view of a planned $4.75 billion joint venture between Boeing Co and Brazilian planemaker Embraer SA.

"There has been a deindustrialisation for more than 30 years".

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Brazil's national industry confederation criticized the idea. He promised to merge Brazil's agriculture and environment ministries into one, saying "we won't have any more fights" over ecological concerns on deforestation.

Guedes, who is well-liked by the markets, will head it.

German diplomatic circles are equally blasé and are awaiting Mr. Bolsonaro's first moves as president.

"I'm scared of him", Franco said, but she added she was also scared of "people who voted for him" who might now feel liberated to attack minorities.

Barbosa said "so far, they have only robbed our country".

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