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Fraga-backed fund faces 88% drop as leveraged Clarus bet sours

RIO DE JANEIRO: A small equity fund backed by former Brazilian central bank chief Arminio Fraga suffered an 88% rout after leveraged bets in American outdoor sports gear company Clarus Corp went wrong.

Brazilians rally for democracy, seek to rein in Bolsonaro - New Delhi Times - India Only International Newspaper

Thousands of Brazilians flocked to a law school Thursday in defense of the nation’s democratic institutions, an event that carried echoes of a gathering nearly 45 years ago when citizens joined together at the same site to denounce a brutal military dictatorship. In 1977, the masses poured into the University of Sao Paulo’s law school…

Brazilians rally for democracy, seek to rein in President Jair Bolsonaro

The event was held Thursday at the University of Sao Paulo’s law school. It carried echoes of a gathering nearly 45 years ago when citizens amassed to denounce a brutal military dictatorship, which lasted two decades.

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