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Brazil back in political crisis

May 18, 2017 4:21 AM ETJBS S.A. (JBSAY) StockBZF, EWZ, BRF, BZQ, JBSAY, UBR, BRAZ, BRAQ, EWZS, DBBR, JBSAF, FBZ, BRZUBy: Yoel Minkoff, SA News Editor12 Comments
  • A fresh political crisis is hitting Brazil, reminiscent of last year's impeachment saga, following reports that President Michel Temer was secretly recorded discussing hush money pay-offs to a jailed associate.
  • According to O Globo newspaper, the tapes were presented to prosecutors as part of a plea bargain by Joesley and Wesley Batista, brothers who run the country's biggest meat-packing firm JBS (OTCQX:JBSAY).
  • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ

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