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Ecuador: Early Returns Indicate Presidential Runoff Ahead

update

Early returns from Ecuador's presidential election indicate a runoff will be necessary between banana tycoon Alvaro Noboa and economist Rafael Correa.

With at least 20 percent of the ballots counted from Sunday's vote, Noboa held a slight lead 25 percent of the votes, while Correa had 24 percent.

If the early returns are representative of overall outcome, neither candidate has gained the percentage necessary to win outright. The runoff election is scheduled for November 26.

Noboa is Ecuador's wealthiest man. Correa is a U.S.-educated economist. Each has run on a populist platform, promising to improve the lives of Ecuador's poorest citizens.

There were 11 other candidates on the ballot. No presidential candidate has won outright in Ecuador since the runoff election system was implemented in 1979.

Some information for this report was provided by AP and Reuters.

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