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‘Brazil must reform or become next Venezuela’

Bloomberg Brazil’s President Jair Bolsonaro pledged swift and sweeping measures to fix the economy and ward off what he said was a risk that Latin America’s largest nation turns into a Venezuela-style regime. Plans to sell a large number of state-owned companies are nearly ready, and a proposal to be sent to Congress will bring “substantial” cuts to pension outlays ...

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Priyanka Gandhi enters India’s political fray

Bloomberg Priyanka Gandhi Vadra, a scion of India’s Nehru-Gandhi dynasty, has formally joined the nation’s political scene ahead of the general election to take on Prime Minister Narendra Modi’s ruling party. Vadra, 47, is the younger sister of Rahul Gandhi, who’s president of India’s opposition Congress party. She’s been appointed a general secretary of the party and will manage elections ...

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US stocks surge on earnings surprises; dollar rally stalls

Bloomberg US equities advanced alongside stocks in Europe as traders weighed the latest corporate earnings and moves to end the American government shutdown against lingering doubts over trade. The dollar’s six-day rally stalled and Treasury yields rose. The S&P 500, Dow Jones and Nasdaq indexes all opened higher after IBM topped profit estimates and Procter & Gamble increase the upper ...

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