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More political earthquakes in Brazil

  • Brazil's Supreme Court has denied ex-president Lula da Silva a privileged legal protection, increasing the likelihood he will be arrested in connection with a corruption probe centered around Petrobras (NYSE:PBR).
  • Meanwhile, Speaker Eduardo has lost his seat for allegedly lying about undeclared Swiss bank accounts and President Dilma Rousseff has been stripped of some perks, including her use of Air Force planes and hotel bill allowances.
  • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ

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PBR--
Petróleo Brasileiro S.A. - Petrobras