Brazilian stocks fell sharply on Friday as the arrest of the country's former president, Michel Temer, sparked worries that government debate over key fiscal reforms may be delayed.
div > div.group > p:first-child"> The iShares MSCI Brazil ETF dropped 3.9 percent and was headed for its worst day since Feb. 6, when it fell 4.2 percent. The Bovespa index, Brazil's benchmark index, fell about 2 percent after hitting an all-time high earlier this week.
Temer already faced ongoing criminal investigations against him before leaving the presidency. However, his arrest comes as current President Jair Bolsonaro tries to push forward major changes to the country's pension system, which investors largely bet will happen. Brazilian stocks surged to start the year amid hopes the Bolsonaro administration would pass key changes to the country's social security system. Brazil's generous pension system effectively lets citizens retire in their 50s. This has led to massive government debt, which has stymied consistent economic growth in Brazil.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Former Brazilian president Michel Temer arrested in sweeping corruption probeFormer Brazilian President Michel Temer was arrested on Thursday on corruption charges, a dramatic development in a sprawling corruption probe that has roiled Brazil has showed no sign of slowing.
Baca lebih lajut »
Ex-President Temer arrested in Brazil on corruption charges
Baca lebih lajut »
Arrest order issued for ex-President Michel Temer in BrazilRIO DE JANEIRO (AP) — A judge in Rio de Janeiro has issued an arrest warrant for ex-President Michel Temer, who is being investigated in several corruption cases. A spokeswoman for the...
Baca lebih lajut »
Ex-President Temer arrested in Brazil on corruption chargesRIO DE JANEIRO (AP) — Former Brazilian President Michel Temer was arrested Thursday on corruption charges, a dramatic development in a sprawling graft probe that has roiled Latin America's largest...
Baca lebih lajut »
Trump says strongly considering NATO membership for BrazilU.S. President Donald Trump said on Tuesday he was strongly considering NATO membership for Brazil as he welcomed Brazilian President Jair Bolsonaro to the White House. 'We're going to look at that very very strongly in terms of - whether it's NATO or it's something having to do with
Baca lebih lajut »
Trump floats idea of Brazil becoming a NATO memberUS President Donald Trump hints at the possibility of Brazil joining the military alliance between American and European countries as he hosted the far-right President Jair Bolsonaro for security talks at the White House.
Baca lebih lajut »
Trump says Brazil is the 'ideal launch location' for US rocket companies: Here's why it's cheaperThe State Department on Tuesday announced the U.S. signed an agreement that would allow American rocket companies to operate from Brazil.
Baca lebih lajut »
Watch: Trump and Brazil President Bolsonaro take questionsThe leaders of the two largest countries in the Americas were expected to focus on the political crisis in Venezuela during that talk.
Baca lebih lajut »
Right-wing movements merge as Bolsonaro visits TrumpThe official agenda for Tuesday’s meeting between President Donald Trump and Brazil’s Jair Bolsonaro revolves around economic cooperation and the toppling of Venezuela’s Nicolás Maduro
Baca lebih lajut »