Brazilian Real – Increased Volatility

The real’s swings between losses and gains was the highest among major currencies as concern Brazil faces a downgrade to junk offset speculation that the central bank will increase borrowing costs by another half-percentage point. The increase in volatility this month added to the risk for investors wanting […]

Corruption probe reaches Eletrobras

Brazilian federal police said on Tuesday they were completing two arrest warrants as part of a corruption investigation into Eletronuclear, a subsidiary of state-run electric utility Eletrobras. The investigation that had previously focused on graft at state-run oil firm Petroleo Brasileiro SA is investigating price fixing and cartel […]