Investors Tune Out Discord to Embrace Brazil’s Economic Turnaround
As President Jair Bolsonaro plays role of rainmaker, Latin American giant’s capital markets rev up
SÃO PAULO - Brazilian President Jair Bolsonaro has been accused of destroying the environment, endangering human rights and offending women and gay people. But for companies here trying to raise money, he is something else: a rainmaker.
Brazil’s capital markets have been revving up after little activity last year, with the number of stock offerings so far this year more than quintupling the six held in 2018. There were 32 share sales in Brazil in the first 10 months of this year, the most since 2007. Next year the number could...
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