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No One Told Brazil Markets That Rio Olympics Would Be a Disaster

  • Ibovespa and currency are world’s biggest gainers this year
  • Financial markets appear insulated from pre-games turmoil
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Rio 2016: The Games Brazil Can't Afford to Lose

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The gloom surrounding the Olympic Games getting underway Friday in Rio de Janeiro is nowhere to be seen in the country’s financial markets.

The problems dogging Latin America’s largest economy are on full display as athletes from over 200 countries make their way to the games. Sailors are turning up their noses at the dirty water in the city’s Guanabara Bay, the Chinese basketball team had to dodge a gang shootout shortly after arrival, while travelers have been met by a sign from disgruntled police at Rio’s airport that read “Welcome to Hell.” A torch bearer let his displeasure with the government be known by dropping his pants in the midst of an official ceremony.