IBOV 204,918.64 ▼ 0.95% IPSA 10,963.85 ▼ 0.51% IPC MEX 66,965.15 ▲ 0.33% MERVAL 2,852,826 ▼ 0.57% COLCAP 2,567.07 ▼ 0.13% BVL PERÚ 60,511.74 ▼ 0.96% USD/BRL5.03▲ 0.10% USD/MXN18.49▲ 0.66% USD/CLP985.25▲ 0.28% USD/COP3,182▼ 0.40% USD/PEN3.44▲ 0.23% USD/ARS1,513▼ 0.02% USD/UYU40.20▲ 3.11% USD/PYG5,684▲ 3.29% USD/BOB11.65▲ 1.40% USD/DOP61.00▲ 3.56% USD/CRC449.35▲ 1.80% USD/GTQ7.64▲ 3.11% USD/HNL26.86▲ 3.26% USD/NIO36.62▲ 2.71% USD/VES875.71▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.77▲ 2.76% EUR/BRL5.61▲ 0.79% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 204,918.64 ▼ 0.95% IPSA 10,963.85 ▼ 0.51% IPC MEX 66,965.15 ▲ 0.33% MERVAL 2,852,826 ▼ 0.57% COLCAP 2,567.07 ▼ 0.13% BVL PERÚ 60,511.74 ▼ 0.96% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Wednesday, October 14, 2026

Brazil Brazil Elections 2026

Brazil Court Halts 30,000 Union Newspapers

By · October 14, 2026 · 8 min read
Journalists in front of a results screen at the Superior Electoral Court in Brasília on first-round election night
Journalists work in front of a results screen at the Superior Electoral Court in Brasília during the first-round count on Sunday, 4 October. (Photo: Carlos Moura/Agência Senado, CC BY-SA 4.0, via Flickr)

BRAZIL · ELECTION

Key Facts

  • —The country Brazil, Latin America’s largest economy, holds a presidential runoff on Sunday, 25 October, between President Lula and conservative senator Flávio Bolsonaro.
  • —Why it matters An election judge has stopped an oil workers’ union newspaper from circulating in the final weeks of a national race.
  • —Why now The union said on Tuesday, 13 October, that it will challenge the sealed order, whose reasoning surfaced on Wednesday, 14 October.
  • —What happened On Friday, 9 October, Justice Kássio Nunes Marques ordered distribution halted, the digital copy removed and undistributed copies collected.
  • —The numbers About 30,000 copies were printed; breaking the order costs R$10,000 (about US$1,980) a day.
  • —What it means for you The paper fought over the future of Petrobras, whose shares trade in New York, and the runoff will shape the company’s direction.
  • —Still open Whether the judge reconsiders, and whether the full electoral court upholds or lifts the order before 25 October.
  • —Prediction markets Polymarket gives Flávio Bolsonaro an 85% chance of winning the runoff (14 October, 1:31 p.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 85% and Kalshi at 86% (Lula: 15% and 14%), as of 14 October, 2:00 pm ET; prices are bets, not polls.
  • —Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).

Runoff · Sunday, 25 October

Brazil Runoff 2026: Lula vs Flávio

Date, polls, debates, odds and how the runoff works, updated every day.

Read the runoff guide →

Brazil runoff polls · Polymarket and Kalshi odds · When results come

Brazil’s top election judge has halted an oil workers’ union newspaper that compared President Lula with challenger Flávio Bolsonaro. Justice Kássio Nunes Marques granted the injunction on Friday, 9 October, at the request of Flávio’s campaign.

The paper, from a São Paulo union, warned that a Flávio government would sell Petrobras, whose shares trade in New York. With the runoff 11 days away, the union is now asking the court to reverse the ban.

On Wednesday, 14 October, the left-leaning outlet Revista Fórum published what it said was the sealed decision. It reports that the judge found the paper “steers the voter” even though it never asked for votes.

What the Order Says

The Superior Electoral Court, known as the TSE, runs Brazil’s elections and rules on campaign disputes. Nunes Marques, a Supreme Court justice appointed by former president Jair Bolsonaro in 2020, presides over it.

The case was brought by Flávio Bolsonaro, a senator for Rio de Janeiro and the eldest son of Jair Bolsonaro. He runs for the Liberal Party (PL), the conservative party led by Valdemar Costa Neto.

Lula, of the left-wing Workers’ Party (PT), is seeking a fourth term against Flávio in the runoff. The union paper openly argued that a Lula win would be better for Petrobras workers.

Flávio’s lawyers argued that the Sindipetro Unificado union had lent its structure to election propaganda, which Brazilian electoral law forbids. They said the material had “a political and electoral purpose” unrelated to the workers the union represents.

Nunes Marques partly granted the urgent request in a decision kept under seal. “Granting the injunction becomes necessary to stop the distribution of irregular election propaganda,” he wrote, according to the public news agency Agência Brasil.

The order suspends printed and digital distribution and requires the union to collect copies not yet handed out. Non-compliance costs R$10,000 (about US$1,980) a day, at the central bank’s rate of 5.0441 reais per dollar on 14 October.

A worker on a ladder adjusts the fuel price board at a petrol station in Brasília at night
A worker adjusts the price board at a petrol station in Brasília in August 2026; the union newspaper warned that fuel prices would rise under a Flávio Bolsonaro government. (Photo: Pedro França/Agência Senado, CC BY-SA 4.0, via Flickr)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Why the Union Newspaper Matters

The paper, Petróleo dos Brasileiros, is published by Sindipetro Unificado, the oil workers’ union of São Paulo state. It is backed by the FUP, the national federation of oil workers’ unions.

Its September special edition ran under the headline “Election 2026: what does each project defend for Brazil?” About 30,000 copies were printed, Agência Brasil reported.

The edition compared the candidates on national sovereignty, guns, privatisation and the environment. It also warned that a Flávio government would sell Petrobras and push fuel prices higher.

According to Fórum, the ruling pointed to the paper’s section on Flávio’s “documented trajectory” as one sign of bias. Fórum says that section covered his ties to Banco Master owner Daniel Vorcaro and to militia figure Adriano da Nóbrega.

Those are the newspaper’s claims about Flávio, not findings by any court. The court has not published the decision, so Fórum’s account of its wording is not independently confirmed.

Fórum describes Nunes Marques as frequently accused of favouring Lula’s opponents. That is an accusation from his critics; for background, see Who Is Brazil’s Election Court Chief Kássio Nunes Marques.

The Union Fights Back

Sindipetro Unificado says it is complying with the order without admitting any wrongdoing. It has suspended circulation, removed the digital edition and begun collecting undistributed copies.

In a statement on Tuesday, 13 October, the union called the paper journalistic, informative and union material. It denied any intent to campaign or to coordinate with a candidate or party.

Its lawyers will ask the TSE to reconsider the injunction. If the final ruling goes against it, the union says it will weigh an appeal to the court’s full bench.

Cibele Vieira, general coordinator of the FUP, called the order “a grave attack on freedom of expression,” Metrópoles reported. The union cites Article 5 of Brazil’s 1988 constitution, which protects free expression and the right to information.

The order is part of a busy run of election-court rulings on campaign content. A separate case against the CUT union federation is covered in Brazil Court Orders Union to Delete 5 Anti-Flávio Posts.

Brazilian law gives the electoral court wide powers to police campaign material in the final weeks before a vote. Injunctions of this kind are provisional, and the full court can still reverse them.

What It Means for US Readers

Petrobras is Brazil’s state-controlled oil company, and its shares trade in New York as American depositary receipts. The union paper’s core argument was over whether the next government would sell it.

For investors, the runoff result matters far more for Petrobras policy than any single court order. The fight over this newspaper shows how central the oil company has become to the campaign.

The case also feeds a long-running debate over how far Brazil’s courts should police political speech. Readers can find the wider context in Brazil Media Explained, Owners, Trust and Platform Rules and Brazil Geopolitics Explained 2026.

None of this changes the voting timetable or the electronic count run by the TSE. Visitors heading to São Paulo or elsewhere in Brazil face no announced changes to the vote on Sunday, 25 October.

What Is Not Known

It is not known when Nunes Marques will rule on the union’s request for reconsideration. It is also unclear whether the full court will hear the case before the runoff.

The full decision text has not been released by the court, so Fórum’s account cannot be checked against it. How many of the 30,000 copies reached readers before the order is also not known.

No public response from Flávio’s campaign to the union’s statement or to Fórum’s report could be found by Wednesday afternoon. Whether similar requests target other union publications is unclear.

What Prediction Markets Say

On Polymarket, bets give Flávio Bolsonaro an 85% chance of winning the runoff and Lula about 15% (14 October, 1:31 p.m. ET). The Brazil presidential market has drawn about US$182 million in bets, which are real-money wagers, not polls.

Kalshi, which is regulated in the US by the CFTC, runs a similar market on the runoff winner. Neither market prices this court order directly, only the final result.

Prediction markets · who wins the runoff

Implied chance of winning Brazil’s presidency on 25 October, from traders’ prices.

Polymarket

Flávio Bolsonaro 85% · Lula 14.5% (US$182 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 86% · Lula 14%

As of 14 October, 2:00 pm ET (19:00 Lisbon), updated every 20 minutes. Prices are bets, not polls, and can move fast.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

Frequently Asked Questions

What did Brazil’s election court order?

Justice Kássio Nunes Marques ordered Sindipetro Unificado to stop distributing a special edition of its newspaper and to remove it online. The union must also collect undistributed copies or face a daily fine of R$10,000 (about US$1,980).

Why did Flávio Bolsonaro’s campaign object?

The campaign argued that the union used its structure for election propaganda, which Brazilian electoral law forbids. The judge agreed provisionally and called the material irregular election propaganda.

Is the ban on the union newspaper final?

No, it is an urgent injunction that the union has asked the judge to reconsider. If that fails, the union says it will weigh an appeal to the full electoral court.

Why does this matter to US investors?

The newspaper’s main theme was the future of Petrobras, whose shares trade in New York. The runoff on 25 October will decide which vision for the oil company prevails.

When is Brazil’s presidential runoff?

Brazil votes in the presidential runoff on Sunday, 25 October 2026. Lula faces Flávio Bolsonaro after neither won a majority in the first round on 4 October.

Sources: Revista Fórum, 14 October; Sindipetro Unificado statement, 13 October; Sindipetro Unificado, 9 October; Agência Brasil report, as republished by Acessa.com, 12 October; Metrópoles, 12 October; Banco Central do Brasil, PTAX rate, 14 October.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “World's top copper mine: strike set for Wednesday”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.