Brazil ETF Halts Six-Day Advance as Corruption Scandal Expands

Updated on
  • Lower house head allegedly used Swiss accounts to get kickback
  • Petrobras ADRs decline as local market closes for holiday

Brazil’s biggest exchange-traded fund fell, ending a six-day advance, after local media reported that an investigation into corruption at the state-controlled oil producer had grown to include kickbacks allegedly received by the head of the lower house.

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