Bloomberg For about a half hour, it looked like Brazil’s world-beating rallies were coming undone. A few minutes before noon on a relatively calm trading day in Sao Paulo, the real suddenly plummeted by the most in four years and $16.5 billion was wiped off the value of the benchmark stock index. Within 30 minutes, both markets had mostly ...

  Bloomberg Political turmoil in Brazil shouldn’t stop Petrobras from completing asset sales it has already opened up to bidders, according to one company vying for the state-controlled driller’s Bauna offshore field. An impeachment process against President Dilma Rousseff that could force her to temporarily step down as early as this week shouldn’t derail any ongoing negotiations, Petro Rio SA ...

  Bloomberg Credit Suisse Group AG Chief Executive Officer Tidjane Thiam signalled he’s confident in delivering planned cost cuts this year after a tumultuous first quarter sparked a second quarterly loss. The shares jumped. Switzerland’s second-biggest bank on Tuesday reported a loss of 302 million Swiss francs ($311 million) in the three months through March, compared with a profit of ...