Brazil's Bolsonaro says country will again lead ethanol production

Let’s deepen relations, Buhari tells Brazil’s Bolsonaro

Let’s deepen relations, Buhari tells Brazil’s Bolsonaro

Hundreds of Brazilians, mostly students, on Tuesday protested in several cities against Bolsonaro's future plans and demanded that he respect democracy during his term in office.

According to Steve Schwartzmann, senior director of tropical forest policy at the US-based Environment Defense Fund, it is doubtful Bolsonaro would even be able to affect Brazil's departure given the treaty passed unanimously through congress - including Bolsonaro's own vote.

Brazil's president-elect Jair Bolsonaro says he wants the country's best-known anti-corruption judge to be justice minister or to serve on the Supreme Court. Dubbed "the Trump of the Tropics", Bolsonaro is a hard-line politician who campaigned against crime and corruption.

Bolsonaro's resounding win in Sunday's run-off put an emphatic end to the electoral dominance of the Workers' Party (PT), which had won the previous four presidential elections.

Trump congratulated Bolsonaro by telephone, tweeting that the two had an "excellent" call and agreed "that Brazil and the United States will work closely together on trade, military and everything else!"

He's also lauded the Brazilian people for conducting a successful election.

Despite relatively robust legal protections, Brazil is already the deadliest place for environmentalists, with pressure group Global Witness recording 57 deaths of people protecting land there past year.

United States charges Low, ex-Goldman bankers in 1MDB case
The 1MDB scandal has roiled politics in Malaysia, leading to criminal charges against former Prime Minister Najib Razak . Michael DuVally, a Goldman Sachs spokesman, declined to comment. "Mr Low maintains his innocence", read the statement.

Investors also cheered Bolsonaro´s ascent, relieved that he could keep the PT out of power and hopeful that he would carry out fiscal reforms proposed by his orthodox economic guru.

The 63-year-old congressman´s rise has been propelled by rejection of the leftist PT that ran Brazil for 13 of the last 15 years and was ousted two years ago in the midst of a deep recession and political graft scandal.

"While the market has reacted positively to the first-round result, uncertainty remains with regard to the pace and scope of fiscal reforms (including the social security reform) that can be implemented by the next administration in light of Brazil's large fiscal deficit and rising debt burden, and the heavy burden of mandatory spending", noted Shelly Shetty, senior director of sovereigns at Fitch Ratings.

Onyx Lorenzoni, a fellow congressman whom Bolsonaro has tapped as chief of staff, told journalists that Guedes would be responsible for structuring the government's relationship with an independent, autonomous central bank with targets.

Protests were planned for later in the day in Rio and Sao Paulo against Bolsonaro, who has outraged many people with his disparaging comments on women, blacks and gays.

In his first TV interview since being elected, Mr. Bolsonaro also underlined his campaign pledge to loosen gun laws.

But Bolsonaro and Trump face fundamentally different backdrops, with the Brazilian leader elected in the wake of economic crisis.

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