Drowning in Debt, Eight Million Firms Miss Payments in Brazil

Take a glance at the stock market, and all appears well in the Brazilian economy. The Ibovespa has soared more than any other major index in the Americas over the...

By Giovanna Bellotti Azevedo, Rachel Gamarski · Bloomberg Markets

Take a glance at the stock market, and all appears well in the Brazilian economy. The Ibovespa has soared more than any other major index in the Americas over the past year — almost 60% in dollar terms at last count.