Brazilian ADRs plunge 20% as Lula wins re-election
Published 3 h ago6 sourcesEvidence: Reported
In a televised debate, Brazilian Senator Flávio Bolsonaro denied reports that he would privatize state-owned companies Petrobras, Caixa, and Banco do Brasil, calling them 'fake news' and praising Argentine President Javier Milei. The denial is part of ongoing political positioning ahead of elections, with uncertainty over actual policy intentions.
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