BREAKING NEWS

Leftist Humala likely to face Fujimori in Peru

LIMA - Left-wing former army officer Ollanta Humala won the first round of Peru's presidential election and will likely face Keiko Fujimori, daughter of a jailed ex-president, in a June 5 run-off, official results showed on Monday.
Humala has softened his anti-capitalist rhetoric, vowing gradual steps to help millions of poor Peruvians left behind by a decade-long boom in one of the world's fastest-growing economies. But he still rattles investors who fear he will roll back free-market reforms.
Peruvian stocks fell 3 percent on doubts Fujimori, a right-wing populist, can defeat Humala in June. Both support raising taxes on mining companies, though Fujimori is more trusted by investors. Peru's sol currency weakened slightly.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use

Read all Tweets >