External Content

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Brazil's former President Luiz Inacio Lula da Silva attends a rally outside the petrochemical complex known as Comperj in Itaborai, Brazil December 7, 2017. REUTERS/Ricardo Moraes


BRASILIA (Reuters) - A Brazilian appeals court on Tuesday said it would decide on Jan. 24 on an appeal by former President Luiz Inacio Lula da Silva against a corruption conviction that could sideline him from the 2018 presidential race.

Brazil's benchmark Bovespa stock index rallied on the news, first reported on the website of newspaper Folha de S.Paulo, to close 1.4 percent higher.

Investors had been wary that a delay in the appeals court decision until later next year would hand the leftist icon more time to consolidate himself as the frontrunner in the campaign, making it harder for judges to bar his candidacy.

(Reporting by Ricardo Brito; Writing by Brad Haynes; Editing by Daniel Flynn)

Neuer Inhalt

Horizontal Line

Survey Swiss Abroad

Survey: Keyboard and Hand close-up

Dear Swiss Abroad, tell us what you think

Survey Swiss Abroad

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters