Sao Paulo's stock market opened 2.2% lower Thursday on Standard & Poor's decision to cut the Brazilian sovereign credit rating to junk status. The New York-based agency cut Brazil's long-term rating after markets here closed Wednesday, signaling a loss of confidence in the country, which has just entered recession and where the government is struggling with mushrooming debt.
GMT 20:10 2017 Friday ,28 AprilTrump says NRA gun lobby has 'friend' in White House
GMT 18:02 2017 Friday ,28 AprilPope Francis visits Egypt church bombed by IS
GMT 18:01 2017 Friday ,28 AprilUS Senate passes short-term spending bill to avert shutdown
GMT 16:10 2017 Friday ,28 AprilPope in Egypt urges 'unconditional respect' for rights
GMT 16:09 2017 Friday ,28 AprilMerkel confident Macron would be 'strong president'
GMT 16:07 2017 Friday ,28 AprilRussia warns rhetoric on N. Korea could have 'frightening consequences'
GMT 16:05 2017 Friday ,28 AprilMilitia clashes kill 29 in eastern DR Congo
GMT 16:04 2017 Friday ,28 AprilPope says 'demagogic' populism does not help peace