Latin American stocks hovered near 2019 lows on Wednesday led by steep losses in Argentina and Brazil which resumed trading after a two-day Carnival holiday, while currencies of oil exporters in the region fell as crude prices came under pressure. MSCI's index of Latin American stocks fell 1.3%, tracking losses across the region, barring Chile and Colombia which ended higher.
Brazil's President Jair Bolsonaro has provoked controversy by posting an obscene video of two revelers at Carnival, saying he wanted to reveal the truth about the festival. The clip posted on Twitter shows two men engaging in sex acts on top of a taxi shelter during a street party.
The Italian brand of Carnival Corporation & plc, this week officially took delivery of Costa Venezia, its first ship designed specifically to offer the best of Italy to the Chinese market. Costa Venezia is part of an expansion plan that includes a total of seven ships being delivered to the Costa Group by 2023.
Traditional summer carnivals in the eastern Cuban cities of Bayamo and Manzanillo have been suspended due to an outbreak of cholera in the region, authorities said on Wednesday.
Troops locked down the northeast Brazilian city of Salvador on Sunday as an elite unit prepared to besiege the legislature and arrest armed police officers whose strike action has sent homicides spiralling.
The Brazilian government is considering additional foreign exchange measures to contain the rapid appreciation of the Real, a source inside the Finance Ministry told the Sao Paulo Estado news agency Friday.