Corruption casts doubt on Brazil’s equity pipeline

Corruption casts doubt on Brazil’s equity pipeline

Brazil Equity

Upcoming equity offerings in Brazil are in doubt after stocks closed down 8.8% on Thursday, following news that threatened to pull President Michel Temer deeper into a corruption scandal.Trading on the BM&FBovespa stock exchange in Sao Paulo stopped briefly as investors reacted to a report from the local daily O Globo that said Temer had been secretly recorded discussing hush money payments to the former speaker of the lower house, Eduardo Cunha. Brazilian education company Ser Educ

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