Brazil pension reform clears Congress, stocks hit new highs

By Jamie McGeever and Ricardo Brito BRASILIA (Reuters) - Brazil's Senate on Tuesday approved a sweeping overhaul of the country's pension system to stabilize public finances and restore business confidence, setting up President Jair Bolsonaro to sign his keystone economic proposal into law. The Senate approved the main text of the landmark pension reform by a margin of 60-19 in a late Tuesday session before moving on to consider amendments. Brazilian markets rallied and stocks hit an all-time high as the government cleared the final legislative hurdle for its top economic priority.

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