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Magazine Luiza SA (MGLU3.SA)

MGLU3.SA on Sao Paulo Stock Exchange

17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

EMERGING MARKETS-Argentine equities hit again by sprawling corruption probe

SAO PAULO/BUENOS AIRES, Aug 8 Argentine equities tumbled for the second straight day on Wednesday as investor concerns grew that a massive corruption probe that began last week could expand and affect more companies. The wide-ranging investigation has already swept up construction magnates accused of attempting to secure contracts by delivering millions of dollars in bribes to officials in former President Cristina Fernandez's government. Executives at Techint, the parent com