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Local Markets Closed, Cabinet Changes Announced

BRAZIL
  • Brazil markets are close today due to the Independence Day holiday.
  • Following two months of negotiations, Lula invited Andre Fufuca (PP party) to become the Sports Minister and Silvio Costa Filho (Republicanos party) the Ports, Airports Minister. Marcio Franca, who was previously the Ports, Airports Minister will head the newly created Micro and Small Businesses Ministry. The announcements come as the president seeks to win congressional support for key agenda items from an influential bloc of lawmakers.

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