Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said on Thursday, the first such probe in one of the busiest foreign exchange markets globally.
For the last 20 years, Brazil's largest political party has not once fielded a presidential candidate, instead content to partner with the eventual winner to retain a share of power. No longer, it appears.
The lower chamber of Brazil's Congress passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit.
More than 100 people were injured on Wednesday in violent clashes between protesters and police in the Brazilian city of Curitiba, where teachers were marching to oppose a change to state pensions, the city's mayor said.
