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WORLD BRIEFING / BRAZIL

A suicide bid at finance exchange

November 18, 2008|Times Wire Reports

A trader shot himself in the chest in the pit of Brazil's main financial exchange.

Paulo Sergio Silva, 36, a trader for Brazilian banking giant Itau, was in critical condition, hospital staff said.

Brazil's financial markets have taken a pounding, causing massive losses for investors and companies alike.

The commodities and futures exchange in Sao Paulo, controlled by BM&FBovespa SA, did not halt trading. The exchange said it was unclear how the gun passed through its metal detectors.

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