Around the World's Markets: Sao Paolo
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE BOVESPA index was down slightly by 0.14 per cent at 6,697 in midday trading as traders warned that Wall Street would continue to influence the market more than usual until Brazil announced fiscal austerity measures.
President Fernando Henrique Cardoso is expected to wait until gubernatorial elections have been held on 25 October to detail the budget cuts and revenue increases.
At present, Brazil is spending about $350m a day to support its currency.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments