Brazil stocks hit record as Bolsonaro takes charge

Sao Paulo (AFP) - Brazil's stock market closed at a record high on Wednesday, one day after new President Jair Bolsonaro took office and in anticipation of economic reforms his government is expected to implement. The Ibovespa index in Sao Paulo's stock market finished 3.56 percent up at 91,012 points. Markets were closed on Tuesday for the January 1 holiday. -- More....