Brazil Real, Stocks Lead World Declines Amid Political Turmoil

Updated on
  • Ibovespa drops to lowest since 2009, led by Itau and Bradesco
  • Brazilian currency extends this year's slide to 33 percent

Brazil’s real and stocks led global declines amid speculation that President Dilma Rousseff would name Planning Minister Nelson Barbosa to replace Joaquim Levy as finance minister. The decision was announced after the market closed.

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