Wednesday, April 7, 2010 as of 11:14 AM ET
The BM&FBOVESPA (; in full, Bolsa de Valores, Mercadorias & Futuros de São Paulo) is a stock exchange located at São Paulo, Brazil.
Read More at Wikipedia ›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...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...
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...
Brazilian independent driller OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY), the oil company created by billionaire businessman Eike Batista, will declare tw...
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...
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)...
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...
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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...
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...
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...
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 (...
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...