Brazil stocks get whacked as real hits 2-year low

Brazil’s stock market has joined the horror story created by a sell-off of the country’s currency, the real, which has sunk to levels not seen since the country’s impeachment crisis two years ago. The Ibovespa benchmark stock index fell as much as 6 per cent by mid-afternoon on Thursday, recovering …

Brazil’s Temer sees no currency crisis; central bank vows to keep acting

Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America’s largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank’s intervention in the market. The Brazilian real plummeted to its weakest level in …

Investors’ Unconditional Love for Emerging Markets Is Fading

Investors are punishing markets where policy makers haven’t done enough to stem deteriorating current-account balances, ballooning inflation and a run on their currencies. They became unforgiving as rising Treasury yields and a stronger dollar put the case for riskier investments in the balance. Money is no longer cheap or plentiful, …