IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL5.09▲ 0.20% USD/MXN17.32▲ 0.04% USD/CLP 930.47 — 0.00% USD/COP3,148▼ 1.72% USD/PEN3.38▼ 0.31% USD/ARS1,485▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP57.80▼ 0.33% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.19% USD/TTD6.72— 0.00% EUR/BRL5.86▲ 0.02% BRENT 84.23 ▼ 6.54% WTI 80.16 ▼ 5.33% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.65% GOLD 4,115 ▲ 1.64% SILVER 58.55 ▲ 1.67% SOY 1,181 ▲ 0.77% CORN 461.75 ▲ 4.76% WHEAT 637.25 ▼ 0.31% COFFEE 313.00 ▼ 5.75% SUGAR 14.90 ▲ 1.64% ORANGE JUICE 153.35 ▲ 5.03% COTTON 80.61 ▲ 0.14% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 — 0.00% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 62,371 ▼ 1.75% ETH 1,835 ▼ 2.54% SOL 72.16 ▼ 1.75% XRP 1.07 ▼ 1.79% BNB 583.12 ▼ 0.76% ADA 0.18 ▼ 2.77% DOGE 0.07 ▼ 2.01% AVAX 6.41 ▼ 2.01% LINK 8.20 ▼ 2.05% DOT 0.80 ▼ 0.35% LTC 44.04 ▼ 1.33% BCH 209.08 ▼ 1.62% TRX 0.33 ▼ 0.18% XLM 0.17 ▼ 1.98% HBAR 0.07 ▼ 2.02% NEAR 1.72 ▼ 0.03% ATOM 1.27 ▲ 0.40% AAVE 91.40 ▼ 0.65% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71% EGX 54,417 ▲ 0.24% USD/ZAR16.48▼ 0.43% USD/NGN 1,364 — 0.00% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,588 ▲ 0.84% KOSPI 6,257 ▼ 5.12% JCI 6,221 ▼ 0.24% USD/JPY156.93▼ 0.33% USD/CNY6.75▲ 0.03% DAX 25,972 ▲ 1.34% CAC 8,600 ▲ 1.06% FTSE 10,872 ▲ 0.04% MIB 52,584 ▲ 0.79% IBEX 19,885 ▲ 0.51% STOXX 651.91 ▲ 0.42% EUR/USD 1.1527 — 0.00% GBP/USD1.35▼ 0.22% SPX 7,490 ▲ 0.70% DJI 52,485 ▲ 0.53% NDX 28,274 ▲ 0.60% RUT 2,931 ▼ 0.50% TSX 35,226 ▼ 0.79% VIX 16.15 ▲ 1.00% USD/CAD1.40▲ 0.20% US10Y 4.7450 ▲ 1.76% IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL 5.09 ▲ 0.20% USD/MXN 17.32 ▲ 0.04% USD/CLP 930.47 — 0.00% USD/COP 3,148 ▼ 1.72% USD/PEN 3.38 ▼ 0.31% USD/ARS 1,485 ▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP 57.80 ▼ 0.33% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.56% USD/TTD 6.72 ▲ 0.86% EUR/BRL 5.86 ▲ 0.02% BRENT 84.23 ▼ 6.54% WTI 80.16 ▼ 5.33% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.65% GOLD 4,115 ▲ 1.64% SILVER 58.55 ▲ 1.67% SOY 1,181 ▲ 0.77% CORN 461.75 ▲ 4.76% WHEAT 637.25 ▼ 0.31% COFFEE 313.00 ▼ 5.75% SUGAR 14.90 ▲ 1.64% ORANGE JUICE 153.35 ▲ 5.03% COTTON 80.61 ▲ 0.14% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 — 0.00% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 62,371 ▼ 1.75% ETH 1,835 ▼ 2.54% SOL 72.16 ▼ 1.75% XRP 1.07 ▼ 1.79% BNB 583.12 ▼ 0.76% ADA 0.18 ▼ 2.77% DOGE 0.07 ▼ 2.01% AVAX 6.41 ▼ 2.01% LINK 8.20 ▼ 2.05% DOT 0.80 ▼ 0.35% LTC 44.04 ▼ 1.33% BCH 209.08 ▼ 1.62% TRX 0.33 ▼ 0.18% XLM 0.17 ▼ 1.98% HBAR 0.07 ▼ 2.02% NEAR 1.72 ▼ 0.03% ATOM 1.27 ▲ 0.40% AAVE 91.40 ▼ 0.65% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71% EGX 54,417 ▲ 0.24% USD/ZAR 16.47 ▼ 0.46% USD/NGN 1,364 — 0.00% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,588 ▲ 0.84% KOSPI 6,257 ▼ 5.12% JCI 6,221 ▼ 0.24% USD/JPY 156.83 ▼ 0.36% USD/CNY 6.7532 ▲ 0.12% DAX 25,972 ▲ 1.34% CAC 8,600 ▲ 1.06% FTSE 10,872 ▲ 0.04% MIB 52,584 ▲ 0.79% IBEX 19,885 ▲ 0.51% STOXX 651.91 ▲ 0.42% EUR/USD 1.1527 — 0.00% GBP/USD 1.3458 ▼ 0.22% SPX 7,490 ▲ 0.70% DJI 52,485 ▲ 0.53% NDX 28,274 ▲ 0.60% RUT 2,931 ▼ 0.50% TSX 35,226 ▼ 0.79% VIX 16.15 ▲ 1.00% USD/CAD 1.4038 ▲ 0.15% US10Y 4.7450 ▲ 1.76%
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Politics - Brazil Rio de Janeiro

Brazil in Second Round of 2012 Elections

By · October 9, 2012 · 3 min read

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By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Nine state capital cities in Brazil have now elected their mayors in the first round of Brazil’s nationwide municipal elections. For the rest, where candidates failed to reach the fifty percent threshold for an outright win, the two top candidates now go forward to a second round of voting, held on October 28th. 

São Paulo mayor second round rivals, Fernando Haddad and José Serra, Brazil News
São Paulo will head back to the polls on October 28th to pick either Fernando Haddad (PT, left) or José serra (PSDB), photos by Henrique Boney and Cacalos Garrastazu/Wikimedia Creative Commons License.
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Among those voted in without the need for a run-off was incumbent Rio mayor Eduardo Paes, who got 64.6 percent of the vote.

However, all eyes are now on São Paulo, after front-runner Celso Russomanno surprisingly fell out of the race, despite leading opinion polls in the weeks ahead of the first round of voting.

Left in the wake is a second round to be fought between José Serra (PSDB), former São Paulo mayor and governor who left the latter position to run against Dilma Rousseff in the 2010 presidential elections, and Fernando Haddad (PT), who left his role as Minister for Education to run for mayor.

Serra secured 30.75 percent of the vote in the first round, while Haddad managed 28.98 percent, according to the electoral commission. Over 8.6 million people are eligible to vote in the city.

President Rousseff’s ruling Workers’ Party (PT), of which Haddad is a member, saw its share of “mayoralties” in the country rise by twelve percent, from 558 to 627, surprising some who believed the ongoing mensalão scandal had the potential to derail many PT-affiliated candidacies. Haddad himself has been tainted by the cash-for-votes scandal, but it appears not to have affected the vote as much as predicted.

While acknowledging getting the top spot in the first round vote, Serra could not resist alluding to the scandal, adding that he believed petistas (those from PT) are using the frenzy surrounding the São Paulo mayoral elections to “smother” discontent over the mensalão:

“Politics is all about values and I want to reiterate this here. Values are of the utmost importance, and it is something that was dropped by the wayside in Brazil, became unfashionable, but fortunately, thanks to our STF [Supreme Court], values are coming back into fashion.”

A voter arrived on Sunday (October 7th) in the first round of the 2012 elections, Brazil News
A voter arrived on Sunday (October 7th) in the first round of the 2012 elections, photo by Marcelo Camargo/ABr.

Serra says he is the most experienced candidate, one with a “make it happen” attitude, and vowed to improve the healthcare system. Haddad said São Paulo was worried about its future: “You either get behind what you have now, or you get behind change. That’s what’s at stake,” he said, vowing to improve transport in the city.

The fight is now far tighter but also more clear-cut, say analysts, and will probably have voters split down party lines. The candidates are in for a major political clash – one set on the national stage.

The two politicians are deeply different, says Maria do Socorro Sousa Braga, a political scientist at the Federal University of São Carlos (Universidade Federal de São Carlos, UFSCar) in São Paulo state:

“Serra likes to keep a hold on things himself; he’s a manager and a very autonomous leader with few links with other leaders within his own party.”

Although Serra shows some concern for social policies, his interest lies in the economy, which he believes the state should keep out of as much as possible, and have more of a regulatory role, our commentator adds.

“Haddad is a relative outsider within his party (PT), despite being affiliated with them since 1983. He’s an intellectual, an academic; he shows minimal participation in party politics and therefore is difficult to judge, but he appears to be aligned with the party’s policies in terms of social policies,” Professor Braga concludes.

As the fight is to win local votes, the campaign has not yet touched on how the candidates would prioritize foreign business, but whoever wins the title of São Paulo mayor in the second round, due to be held on October 28th, that person will be in charge of Brazil’s biggest city and business powerhouse, which is home to over 11 million people.

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