The police chief in Santa Maria, in the southern state of Rio Grande do Sul, said that the fire was caused by cheap fireworks meant for outdoor use.

BBC: Brazil Santa Maria nightclub fire death toll rises to 240

The chief investigator in the southern Brazilian city of Santa Maria has said that cheap fireworks meant for outdoor use caused a deadly nightclub fire.

BBC: Brazil fire caused by cheap fireworks, say police

Stock market crashes provide short-term opportunities to buy cheap, but too few investors have the temperament to jump in during a fire sale.

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