Economics
Petrobras Leads Brazil Rally as Real Climbs After Neves’s Surge
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Brazilian assets surged, led by a jump in state oil company Petroleo Brasileiro SA, after Aecio Neves surprised analysts to take second place in presidential elections, forcing a runoff with incumbent Dilma Rousseff.
Petrobras rose 11 percent to 20.39 reais in Sao Paulo for the biggest gain since 2008. The IShares MSCI Brazil ETF added