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Lula’s ‘pick’ jumps in presidential poll

Bloomberg Leftist presidential candidate Fernando Haddad jumped in the first Datafolha opinion poll published since he officially replaced ex-president Luiz Inacio Lula da Silva as the Workers’ Party candidate on Tuesday. In the poll published on Friday evening Haddad rose to 13 percent of vote intentions, up from 9 percent in the last poll conducted on September 10. Far-right ex-Army ...

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Donald Trump’s economic record is yet to be written

President Donald Trump claimed to have a “magic wand” that allowed him to push the economy’s growth rate above an annual rate of 4 percent in 2018’s second quarter. This is one of the president’s more colorful public statements taking credit for the economy’s performance. Such statements are as common as they are overstated. Trump isn’t alone in exaggerating the ...

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India’s shadow-bank bust has a Lehman echo

India is marking the 10th anniversary of the 2008 global financial crisis with its own mini-Lehman moment. True to script, ratings companies have belatedly realised that the IL&FS Group — Infrastructure Leasing & Financial Services Ltd. and its associates — is woefully short of liquidity, with about $500 million in repayments coming due in the second half of its fiscal ...

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