The possible resignation of Brazilian Finance Minister Antonio Palocci due to an ongoing corruption enquiry of the Partido Trabalhador sent the Bovespa, Brazil's stockmarket, and the real tumbling. The real sank 2.17% against the dollar, and the stockmarket slid .96%. (Reuters)
Tuesday, November 15, 2005
Palocci's possible resignation sends Brazilian markets tumbling
The possible resignation of Brazilian Finance Minister Antonio Palocci due to an ongoing corruption enquiry of the Partido Trabalhador sent the Bovespa, Brazil's stockmarket, and the real tumbling. The real sank 2.17% against the dollar, and the stockmarket slid .96%. (Reuters)
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