NEWS

Brazilians vote in tense presidential race led by right-winger.

BRASILIA (Reuters) - Brazilians began voting on Sunday in a polarized presidential race that could result in the election of a far-right former army captain, whose praise of past dictatorships enrages critics but whose promise of a brutal crackdown on crime and corruption has electrified his supporters.

https://www.reuters.com/article/us-brazil-election/brazilians-vote-in-tense-presidential-race-led-by-right-winger-idUSKCN1MH036

NEWS

China Cuts Reserve Ratio, Releases 1.2 Trillion Yuan Amid Rising Trade War, Record Defaults.

China's central bank announced it would cut the Required Reserve Ratio (RRR) for most banks by 1.0% effective October 15 for the fourth time in 2018, a little over three months after the PBOC announced a similar cut on June 24, as Beijing seeks to stimulate the slowing economy amid the growing trade war with the US, a slumping stock market, a sliding yuan and a record number of bond defaults.

https://www.zerohedge.com/news/2018-10-07/china-cuts-reserve-ratio-releases-12-trillion-yuan-amid-rising-trade-war-record

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