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...Shares in Brazilian credit-card networking services provider Redecard SA (RDCD3.BR) soared on Tuesday after Brazil's second-largest bank by assets, Itau Unibanco Hol...
Brazil's second-largest bank by assets, Itau Unibanco Holding SA (ITUB4.BR), said Tuesday that it will pay up to 11.7 billion Brazilian reais ($6.8 billion) to acqui...
Brazilians on Thursday started trading shares in Canadian oil company Pacific Rubiales Energy Corp. (PRE, PREC, PREB11.BR), and from next week 10 U.S. companies also...
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Tuesday that an accident at an ultra-deepwater oil field off Brazil's coast ...
Sprawling Brazilian retail bank Bradesco (BBD, BBDC4.BR) will focus on "organic growth" in 2012 through a heavy schedule of investments in technology and will most l...
(Update with details about company's relationship with Petrobras in the last paragraph)SAO PAULO -(Dow Jones)- Norwegian oil-and-gas equipment company SeaDrill Ltd. ...
Brazil stocks declined on Tuesday, amid worries about Europe's sovereign debt problems and an alarming jump in domestic inflation.U.S. stock futures declined Tuesday...
Brazilian oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY) said late Wednesday that it received environmental approval to start work on two ...
TAM SA (TAMM4.BR, TAM) and LAN Airlines SA (LAN.SN, LFL), the South American airlines merging to form the region's biggest carrier, said Wednesday they had filed a r...
By Luciana LopezSAO PAULO, Sept 16 (Reuters) - Stocks in Brazil will close2010 with gains of another 10 percent, driven by strongfundamentals even as many of the wor...
By Raymond ColittBRASILIA (Reuters) - Brazil's government will charge state oil company Petrobras $8.51 per barrel for crude reserves to be used in a $43 billion oil...
By Raymond Colitt and Brian EllsworthBRASILIA/RIO DE JANEIRO (Reuters) - A federal prosecutor said he has launched a probe to determine if state oil company Petrobra...
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...
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...
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)...
Heavy fuel imports, dry oil wells and impairment charges combined to send fourth-quarter net profits at Brazilian federal oil company Petroleo Brasileiro (PBR, PETR4...
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Thursday that fourth-quarter net profits plummeted more than 50% year-o...
