Tag: Bovespa index

Bovespa index
Wednesday, May 25th 2016 - 05:58 UTC

Temer announces tough austerity measures but needs to show Congress supports him

Temer said the government would get an early repayment of about US$28 billion from Brazil's state-run investment bank BNDES

Brazil's interim president announced austerity measures on Tuesday aimed at pulling Latin America's largest economy from its worst crisis in decades, warning that a failure to act would sentence future generations to “extraordinary hardship.” Speaking with government leaders in a national televised meeting, interim president Michel Temer, 75, also banged his hand on the table while insisting he was up to the job.

Thursday, April 14th 2016 - 05:27 UTC

Temer preparing to take over…”I will be ready” as Rousseff's coalition melts

Politicians have begun to flock to the residence of the man who would replace Rousseff if she is convicted, Vice President Michel Temer to declare their support

President Dilma Rousseff pledged on Wednesday to form a government of national unity if she survives an impeachment vote in Congress this weekend, but the odds of became steeper as allies continued to desert her. In effect a stream of defections from Rousseff's coalition makes it increasingly likely she will lose Sunday's ballot in the Lower House of Congress.

Friday, March 18th 2016 - 03:12 UTC

Brazilian markets surge on prospects Rousseff will be removed

The Bovespa index of leading shares closed at 50,913 points after lawmakers re launched impeachment proceedings against Rousseff

Brazilian share prices surged on Thursday to close 6.6% higher, a seven-year record, after fresh setbacks to populist President Dilma Rousseff raised the prospect of her being driven from power.

Monday, September 23rd 2013 - 20:56 UTC

Brazil’ Bovespa implementing changes to update its benchmark Ibovespa

The Ibovespa has remained unchanged since 1968

Brazil’s main stock exchange Bovespa is implementing changes to its benchmark Ibovespa stock index, the first since 1968, in an effort to correct recent distortions and better reflect the performance of local shares.

Tuesday, September 13th 2011 - 07:26 UTC

Fears of a Greek default spread uncertainty to world markets

In Brazil a late rally just failed to push the Bovespa index to positive ground

United States shares staged a late recovery on Monday to post only their second positive close of the month. Earlier, European and Asian markets fell on fears that Greece may default. In Latin America results were much in line with the US.

Tuesday, September 6th 2011 - 06:21 UTC

Latam stocks down; the Real slides to 1.65 dollars

Trading value in Brazil was half the normal average

Latin American stocks fell on Monday as fears of a recession in Europe and the United States mixed with anxiety about the health of global banks to drive indexes below support levels, suggesting more losses.

Friday, August 19th 2011 - 02:05 UTC

Fears of recession plunge world markets; Latam losses less that in US and EU

European banks suffered most exposed to the Euro debt crisis

Stock markets across Latin America, led by regional heavyweight Brazil, fell sharply Thursday as recession fears sent global markets down. Meanwhile the spot price of gold hit yet another record high of just below 1.829 dollars an ounce.

Thursday, August 11th 2011 - 07:16 UTC

Latam markets begin to take distance from the US and Euro zone

Brazil’s Bovespa the region’s main stock exchange climbed 1.7%

Latin American stocks marked their own course on Wednesday as the region remained relatively distant to turmoil in the United States and Europe.

Thursday, July 7th 2011 - 07:04 UTC

Debate on the vulnerabilities that could condition the Brazilian economy mid term

Consumer credit average interest rates stand at 47%

The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.


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