Current stock market scandals

Brazilian stocks dropped 8. The Brazil Bovespa index recovered from an opening decline of more than 10 percent, but still logged its worst day since Oct.

The iShares MSCI Brazil Capped ETF EWZ , a heavily traded U. The ETF also posted its worst day since October Less than 10 months into President Michel Temer 's administration, Brazilian newspaper O Globo reported late Wednesday that Temer gave his blessing to an attempt to pay a potential witness to remain silent in the country's biggest-ever graft probe. Brazil's top court opened a probe on Temer, Bloomberg reported in early Thursday afternoon trade, citing GloboNews.

Temer said Thursday afternoon that he will not resign and he will prove his innocence in the Supreme Court, according to a Reuters report. As result, we are seeing some unwinding in positions this morning," Santos said. She remains positive on emerging markets overall on expectations of better growth, especially in China.

The Trinidad & Tobago Stock Exchange

Temer's office on Wednesday acknowledged he had met in March with the businessman, Chairman Joesley Batista of meat giant JBS SA, but denied any part in alleged efforts to keep jailed former House Speaker Eduardo Cunha from testifying.

O Globo's report, which they say three sources familiar with the matter said was accurate, threatened to pull Temer into a corruption scandal that has already entangled several of his closest allies and advisors.

The iShares MSCI Emerging Markets ETF EEM closed off session lows, down 1. Brazil makes up 7. China is the country with the greatest weighting, at Argentina's Merval stock index closed 2. The Brazilian real fell more than 7.

The opening drop in the Brazilian stock market triggered a circuit breaker on the Bovespa exchange, Bloomberg reported. Brazilian equities have surged over the past year, with the EWZ rising more than 45 percent in the period, as investors cheered Temer's proposed economic policies. The fund is one of the 20 most actively traded ETFs in the U.

Turmoil over recent Trump controversies triggers the Dow’s biggest loss since September - The Washington Post

It "got overcrowded for regional dedicated players. The country's stocks are about "8 percent of the EM index and taking EM down today more than it might," Seymour said. The new president and his promised reforms were supposed to turn the page on Brazil's rocky political climate. Temer became leader of the country after President Dilma Rousseff was removed Aug. Brazil had been an economic stalwart in the region just a few years before Rousseff's impeachment, buoyed by surging oil prices.

But the collapse in the crude market, coupled with a corruption scandal at Petrobras, led to millions of Brazilians flooding the streets in protest of Rousseff's presidency. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Make It Entrepreneurs Leadership Careers Money Specials Shows Video Top Video Latest Video U.

Video Asia Video Europe Video CEO Interviews Analyst Interviews Full Episodes Shows Watch Live CNBC U. Business Day CNBC U. Primetime CNBC Asia-Pacific CNBC Europe CNBC World Full Episodes. Log In Register Log Out News Economy Finance Health Care Real Estate Wealth Autos Consumer Earnings Energy Life Media Politics Retail Commentary Special Reports Asia Europe CFO Council. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs. Make It Entrepreneurs Leadership Careers Money Specials Shows Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener.

Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Video Top Video Latest Video U.

List of corporate collapses and scandals - Wikipedia

Video Asia Video Europe Video CEO Interviews Analyst Interviews Full Episodes. Primetime CNBC Asia-Pacific CNBC Europe CNBC World Special Reports Top States Paris Airshow Trailblazers Trading the World CNBC Disruptor 50 Lasting Legacy Modern Medicine College Game Plan Investing in: Israel Tech Drivers The Brave Ones Trading Nation Shaping the future Future Opportunities.

Register Log In Profile Email Preferences PRO Sign Out. World Heat Map Pre-Mkt US Americas Asia EU. Brazil stocks plunge on emerging political scandal, post worst day since The Brazilian Bovespa traded more than 8. Both indexes were on pace for their worst day since October Brazilian newspaper O Globo reported late Wednesday that Brazilian President Michel Temer gave his blessing to an attempt to pay a potential witness to remain silent in the country's biggest-ever graft probe.

Fred Imbert Evelyn Cheng. Fred Imbert Markets Reporter.

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

YOUR BROWSER IS NOT SUPPORTED. Please upgrade to watch video.

The requested video is unable to play. The video does not exist in the system. Please disable your ad blocker on CNBC and reload the page to start the video.