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Stock impact report

Lula's Weakened Spending Cut Plan Wins Final Congress Approval [Yahoo! Finance]

XP Inc. - Class A (XP) 
Company Research Source: Yahoo! Finance
a government spending cut package meant to ease investor fears about the country's deteriorating fiscal situation. Most Read from Bloomberg New York City's Historic Preservation Movement Is Having a Midlife Crisis NYPD Car Chases Are Becoming More Frequent — and More Dangerous Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal Reviving a Little-Known Modernist Landmark in Buffalo Senators passed the last of the three most important pieces of the fiscal plan Friday, delivering on President Luiz Inacio Lula da Silva's efforts to push the package through both houses of Congress before the end of this year. But lawmakers watered down key provisions of each piece of legislation, making changes that dent the plan's attempts to shore up public accounts at a time when market angst over Brazil's deficits is weighing on the currency and other assets. Finance Minister Fernando Haddad told reporters before the final vote that the lower house had reduced the impact of Show less Read more
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