21m Corporate Brazil Wants To Breathe Again

Investment ▶ The impeachment crisis has put off key business decisions ▶ “It becomes clear that she has no solution to present to us”

The drawn- out political drama over the ouster of President Dilma Rousseff of Brazil has sent local stocks reeling and recovering again and again. On May 9, investors, who’d already factored in a transition period under Vice President Michel Temer, were spooked when the impeachment process was briefly put into doubt by a legislative maneuver. After that was ironed out, the march toward Rousseff’s trial and likely removal from office pressed on, and stocks and the Brazilian currency rallied.

With political gridlock paralyzing the nation’s capital since last year, corporate Brazil has been living with uncertainty—and that’s been bad for business. Although executives have been reluctant to take sides publicly

Ford Parking gear slippage