Latin America

Brazil Real Plunges Against Dollar After Report President Temer Encouraged Bribes

The Brazilian real weakened against the dollar Thursday after a local newspaper reported Wednesday that President Michel Temer encouraged a businessman to continue bribing a jailed former congressman to buy the lawmaker's silence, putting the future of his government and the approval of key economic reforms by Congress at risk.

Brazil Real Plunges Against Dollar After Report President Temer Encouraged Bribes

The Brazilian real weakened against the dollar Thursday after a local newspaper reported Wednesday that President Michel Temer encouraged a businessman to continue bribing a jailed former congressman to buy the lawmaker's silence, putting the future of his government and the approval of key economic reforms by Congress at risk.