Brazilian markets decline on Flavio Bolsonaro report

Brazilian markets fell as a report linked Senator Flavio Bolsonaro to a jailed banker. The report alleges a $24 million deal for a film about his father.

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Brazil markets fell after reports linked Senator Flavio Bolsonaro to a $24 million film deal with a disgraced banker. The Bovespa index dropped 1.8% while the currency fell 2% to trade above 5 per United States dollar. The allegations threaten Bolsonaro's presidential campaign as he remains tied with President Luiz Inacio Lula da Silva in polls.

Scandal Threatens Bolsonaro's Presidential Ambitions

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