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Wednesday, April 7, 2010 as of 11:14 AM ET

Bovespa

The BM&FBOVESPA (; in full, Bolsa de Valores, Mercadorias & Futuros de São Paulo) is a stock exchange located at São Paulo, Brazil.

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Credit Still Stoking Growth In Brazil, But At Slower Pace

Interest rates on loans in Brazil plunged in April, but the supply of debt slowed and the level of bad loans increased, underscoring concerns about the pace of economic recovery.

Brazil's President Dilma Rousseff has pushed banks to bring down lending rates, arguing that they are too high and haven't reflected the central bank's own aggressive rate cuts of the key overnight lending rate, the Selic. Since last August, the Selic has fallen to 9%, from 12.5%.The government has used its two main government-run institutions, Banco do Brasil SA (BDORY, BBAS3.BR) and Caixa Economica Federal, to turn up the heat on private-sector banks by lowering their interest rates. Nonetheless, the lower rates hasn't led to a significant pick-up in lending, and even the central bank said that a recovery in lending would be slow."Credit will continue to grow but with greater selectiveness on the part of lenders," Tulio Maciel, coordiator of the central bank's economics department, told reporters.Total lendin...

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  1. Brazil Miner Vale To Pay $3 Billion Dividends In First Installment For 2012

    Brazilian mining company Vale SA (VALE, VALE5.BR) said Friday its board approved payment of $3 billion in dividends to shareholders, payable from April 30. The divid...

  2. UPDATE Brazil's Cade Bars CSN From Buying More Usiminas Shares

    Brazil's antitrust agency Cade, part of the country's justice ministry, has suspended steelmaker Companhia Siderurgica Nacional SA's (CSNA3.BR, SID) rights to buy sh...

  3. Brazil OGX Plans 2Q Commercial Declaration For Waimea Field

    Brazilian independent driller OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY), the oil company created by billionaire businessman Eike Batista, will declare tw...

  4. Brazil's OSX: Batista To Exercise $1 Billion Put Option In 2nd Half 2012

    Brazilian businessman Eike Batista, the world's seventh-richest person according to Forbes , said Friday that he will exercise an option to buy up to $1 billion in s...

  5. Brazil's OSX: New OGX Platform Orders Could Trigger Capital Increase

    A fresh order for oil production platforms could trigger a $1 billion capital increase at Brazilian shipbuilding and oilfield services firm OSX Brasil S/A (OSXB3.BR)...

  6. Brazil's Usiminas: No Decision On Usimec, Automotiva Sales

    Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5.BR), or Usiminas, said Wednesday it has considered options for development of its capital-goods an...

  7. BRICS Stock Exchange Trading Alliance To Start March 30

    The BRICS Exchanges Alliance will begin cross-listing benchmark equity-index derivatives on each other's trading platforms from March 30, the group said Wednesday.In...

  8. UPDATE Brazil's EBX Shakes Up Management; Investors Have Doubts

    A rash of new appointments within EBX, the holding company of billionaire Eike Batista with interests in iron ore, logistics, oil and coal, is raising questions amon...

  9. CME, Brazil's Bovespa To Cross-License Index Futures

    CME Group Inc. (CME) said it will partner with Brazilian exchange BM&F Bovespa S/A (BVMF3.BR) in a plan that will see each exchange company offer some of the other's...

  10. CME Group Inc., Bovespa To Cross-License Index Futures

    DOW JONES NEWSWIRESCME Group Inc. (CME) said it will partner with Brazilian exchange BM&F Bovespa S/A (BVMF3.BR) to cross-license a group of products, including futu...

  11. Brazil's BM &F Bovespa , CME Agree To Cross-List Stocks Futures

    Brazilian securities exchange BM&F Bovespa SA (BVMF3.BR) and Chicago's CME Group Inc. (CME) on Tuesday said they have agreed to a cross-listing of some of their most...

  12. Brazil's EBX Shakes Up Management; Investors Have Doubts

    A rash of new appointments within EBX, the holding company of billionaire Eike Batista with interests in iron ore, logistics, oil and coal, is raising questions amon...

  1. Brazil Steelmaker Usiminas Reshuffling Staff, Not Firing En Masse -Union

    Brazilian steelmaker Usinas Siderurgicas de Minas Gerais (USIM5.BR, USZNY), or Usiminas, is reshuffling employees in the interests of efficiency but isn't firing en ...

  2. Mexico, Brazil Stocks Fall; Real At 3-year Low

    Major Latin American stocks markets fell Tuesday, with Mexico's IPC index losing 166 points, or 0.5%, to 38,185, its lowest level since March. Chile's IPSA fell the ...

  3. Chile's LAN Launch Public Offer For Brazil's TAM Shares

    Chilean flagship carrier LAN Airlines SA (LFL, LAN.SN) said Thursday a public share exchange offer for Brazil airline TAM SA's (TAM, TAMM4.BR) shares, the final step...

  4. CME: Eyes Global Futures, Options Market Dominated By 3 Firms In 10 Years

    ST. GALLEN, Switzerland -(Dow Jones)- In ten years there will be three major futures and options exchange groups around the world, each dominating one of three key g...

  5. BG Group Sells Comgas Stake To Cosan

    BG Group PLC on Thursday announced it has signed a memo of understanding with Cosan SA Industria e Comercio to sell its 60.1% stake in Brazilian gas distributor Comp...

  6. Brazil's Ambev To Boost Capital By BRL432 Million Via Private Share Issue

    Brazil's biggest brewer, Companhia de Bebidas das Americas (ABV, AMBV4.BR), or Ambev, said Friday it will increase its capital by up to 432 million Brazilian reais (...

  7. Brazil's Vale To Pay $3 Billion Dividends In First Installment For 2012

    Brazilian mining company Vale SA (VALE, VALE5.BR) said Friday its board approved payment of $3 billion in dividends to shareholders, payable from April 30. The divid...

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