Investors Run For Exit As Brazil Lets Politicians Run State-Run Firms ...Middle East

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Investors Run For Exit As Brazil Lets Politicians Run State-Run Firms
source : OILPRICE ( Middle East ) () 28
Brazilian financial markets were left in turmoil after the lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, causing a market rout on Wednesday, Reuters reports.  The bill, which now heads to the Senate, seeks to cut the quarantine for people with decision-making roles in political parties or electoral campaigns to take positions at state-owned companies from 36 months to just one month. Shares in state-run firms were some of the hardest hits, with oil company Petroleo Brasileiro…

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