Surprising Brazil election outcome leaves investors cheering - International Herald Tribune

SAO PAULO, Brazil Brazil's stunning first-round election outcome gave investors the best of both worlds Monday: A runoff pitting a leftist incumbent who governs as a fiscal conservative against the business-friendly former governor of the nation's richest state. In a country where political surprises typically cause financial upheaval, markets cheered after President Luiz Inacio Lula da Silva failed to win re-election in a first round of voting Sunday with an unexpectedly strong showing by the ...