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Tag: Stock Market

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Oil giant, Petrobras, saw its shares plummet on Friday after the company announced it was cancelling a 5.7 percent diesel fuel price increase. Preferred shares fell by 7.75 percent, making...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Mining giant of Brazil, Vale, registered on Monday the largest plunge in share value in a single day in its history, plummeting 24.52 percent during trading hours and losing...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The U.S. dollar closed down on Wednesday by 1.69 percent in relation to the Brazilian real as the country’s stock market registered a record high of 91,012 points. Market...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – After a year of political and economic uncertainties in Brazil, the stock market and the dollar closed 2018 with appreciation. The U.S. dollar closed 2018 at R$3.876/US$1, with an...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s main stock market, Bovespa, surged on Wednesday, after the announcement that Lava Jato (Carwash) judge, Sergio Moro, had accepted newly-elected president Jair Bolsonaro’s invitation to become the Minister...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL- Despite the overall optimism shown by investors and the financial systems with the victory of Jair Bolsonaro to Brazil’s presidency, the country's currency registered a drop at the close of...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - As Brazil's divisive 2018 election draws near, the country's financial markets surged on Tuesday, October 2nd, on the back of reports that support for controversial right-wing presidential candidate Jair Bolsonaro...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The U.S. dollar surged by 7.9 percent against the Brazilian real, as the country’s main stock market plummeted 8.8 percent on Thursday with the aftermath of the secret recordings showing...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – BM&F Bovespa, Brazil’s main securities, commodities and futures exchange, announced on Thursday the merger of the company with CETIP (clearinghouse) to form B3. The new company will become the fifth...

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