Summer Olympics 2016

On October 2, 2009 the IOC decided that the Summer Olympics of 2016 will be held in Rio de Janeiro, Brazil.http://www.telegraph.co.uk/sport/othersports/olympics/6255448/Rio-de-Janeiro-wins-right-to-stage-2016-Olympic-Games.html

Tokyo, Japan and Chicago, USA were the first two cities to be eliminated in the final selection round. http://milwaukee.bizjournals.com/milwaukee/stories/2009/09/28/daily67.html?jst=b_ln_hl
In the final round, Madrid, Spainwas eliminated too.
The 2016 Summer Paralympics will be held in the same city.
The final decision round was held in Copenhagen, Denmark, where a large crowd was following the announcements.
The victory was celebrated by a large crows on Copacabana beach, where huge screens were set up. Brazil is the first South-American country to be organizing the eventhttp://edition.cnn.com/2009/WORLD/americas/10/02/rio.celebration/
Right after the announcement was made, stocks on the Brazilian stock market, the Bovespa climbed 1,2 %, with tourist-linked companies like airlines Tam SA and Gol Linhas Aereas Inteligentes SA leading. The Brazilian currency, the Real rose 0.3 percent. http://www.bloomberg.com/apps/news?pid=20601087&sid=atB8DWvTg2j4