By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Turbulence between Brazilian officials led the financial market to tense up in the final hours of trading on Wednesday, with Brazil’s stock market falling by 3.57 percent and the U.S. dollar appreciating 2.27 percent in relation to the Brazilian real.
The deterioration of the economic indicators was a reaction to Economy Minister Paulo Guedes’ statement that he would not leave the government after a first defeat, but that he would step down if his agenda was not supported by the President of the Republic or Congress . . .