Brazil enters new era with far-right president-elect

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Asked about Brazil's currency, Lorenzoni said Bolsonaro would offer businesses more predictability, but ruled out an exchange rate target.

Brazil is the world's top exporter of beef and second-largest exporter of soybeans and, with China and Islamic countries as vital markets, he may need to think twice about the impact of his actions, Velasco said. "I am totally in favor of freedom of the press", Bolsonaro told Globo TV. "It's these left-wing people, who always put themselves above the rest, who are fascists".

"He would give criminals the following example: he would shoot, the criminal element would be taken down in legitimate self-defense, and the (driver) would go before (the authorities) but he wouldn't be punished", he said.

In interviews on Monday, Mr Bolsonaro also said: He would withdraw government advertising from media outlets he judged to be "lying"; He aimed to open up protected land to road and infrastructure projects; The budget deficit would be narrowed and state firms would be privatized.

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Moro said he was "honored" and would consider any formal offer - likely to fuel accusations that his investigation is politically motivated. That happened as the economy gradually descended into deep recession, even as the far-reaching Petrobras "Car Wash" corruption scandal started toppling dozens of political and business elites across the spectrum, culminating in the controversial impeachment of Ms. Rousseff in 2016 and then the jailing of Mr. da Silva in April 2018 with a 12-year sentence for corruption and money-laundering.

The Globo newspaper, in a separate article citing unnamed sources close to the judge, reported on Tuesday that Moro was weighing Bolsonaro's offer, feeling that he could reassure citizens concerned the president-elect will not govern democratically. I want to talk to him.

The guilty verdict was upheld on appeal and Brazil's Supreme Court has rejected numerous requests to free the former president, universally known as Lula.

Bolsonaro defeated his Leftist opponent Fernando Haddad of the Workers' Party 55.5 per cent against 44.5 per cent of the votes with 96 per cent of ballots counted.

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Bolsonaro is due to travel to Brasilia next week to meet with outgoing President Michel Temer, said Bebianno.

In Sao Paulo - the largest city in the country - hundreds of people gathered on the central Paulista Avenue to also protest against president-elect, victor of last Sunday's elections with 55 per cent of the vote.

While Trump may initiate a trade war with Beijing, and make statements that are thundering on Twitter, "Bolsonaro's going to have to do a lot more attention to what he says, because its economy is much more fragile", says Joel Velasco.

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On Sunday, he voted at a military academy in Rio de Janeiro, ducking in through a side door to avoid the waiting crowd. Bolsonaro's opponents have expressed concern that the new president held negative beliefs about women and homosexuals.

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