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

Sao Paulo Stock Exchange

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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Related Topics

  1. Bovespa
  2. Dow Jones
  3. Petrobras
  4. Hong Kong Stock Exchange
  5. New York Stock Exchange
  6. Stock Exchange of Thailand
Get updates on Sao Paulo Stock Exchange
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. Shares In Brazil's Redecard Up 9% After Itau's $6.8 Billion Offer

    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...

  2. Brazil Itau Unibanco Plans To Buy All Redecard Outstanding Shares

    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...

  3. Pacific Rubiales Lists Depositary Receipts In Brazil

    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...

  4. Brazil Petrobras Reports Accident At Santos Basin Pre-Salt Field

    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 ...

  5. Brazil's Bradesco Bank To Focus On 'Organic Growth' In 2012

    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...

  6. SeaDrill Delays IPO's Plans Of Its Brazilian Unit

    (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. ...

  7. Brazil Stocks Edge Lower Amid Europe, Inflation Worries

    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...

  8. Brazil OGX Gets Installation License For Natural Gas Fields

    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 ...

  9. TAM, LAN Airlines Request To Swap Shares On Brazil Exchange

    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...

  10. POLL-Brazil's Bovespa seen gaining 10 pct by year-end

    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...

  11. Brazil charges Petrobras high price in $43 bln swap

    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...

  12. Brazil prosecutor seeks probe of Petrobras offer

    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...

  1. 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...

  2. 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...

  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 Petrobras 4Q Net Profits Tumble On Dry Wells, Fuel Imports

    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...

  7. Brazil Petrobras 4Q Net Profit BRL5.05 Billion Vs BRL10.6 Billion Year Ago

    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...

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