Brazil's Real Falls on Worse-Than-Expected Economic Contraction

  • Nation posts longest contraction since at least 1996
  • Finance minister meets S&P's Schineller in Brasilia Tuesday

Brazil's Economy Shrinks More Than Forecast

Brazil’s real joined a rally in emerging-market currencies as prospects for stimulus measures in China, the nation’s top trading partner, overshadowed disappointing data from Latin America’s largest economy.

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