Around the World's Markets: Sao Paulo

Wednesday 20 January 1999 19:02 EST

Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

BRAZILIAN stocks soared, buoyed by rising hopes that legislators will impose new taxes to bring down the country's soaring deficit.

The Bovespa index rose 4 per cent to 7,677.62 as the lower house debated a bill to introduce a tax on state pensioners.

The measure would cut Brazil's $46.8bn deficit by $2bn and help the country to qualify for emergency loans from international lenders. It would also help to restore fragile investor confidence in Brazil's financial and economic health.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Around the World's Markets: Sao Paulo

Bookmark popover

Join our commenting forum

Thank you for registering