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Title : Stock Marketplace Crash Inwards Brazil
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Stock Marketplace Crash Inwards Brazil

Brazil’s markets crashed on their opening on today, amongst the benchmark Ibovespa stock index downwards 10.47 per cent afterward ane of the country’s leading newspapers alleged President Michel Temer had been taped endorsing bribe payments.

O Globo reported that Joesley in addition to Wesley Batista, respectively chairman in addition to main executive of Brazil’s largest meatpacker JBS, had presented a metro recording of  Temer approving bribes to Eduardo Cunha, the disgraced sometime speaker of the lower house, every minute role of plea cause practice negotiations.

Before word of the recording broke,  Temer had an approving rating of only ix per cent.

Alessandro Molon, an opposition lawmaker, said he had filed an impeachment asking against  Temer.

 -RW

(via The Financial Times)

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