Initial public offerings (IPOs) in emerging nations are returning about 15 times more than IPOs in developed countries even as companies from China to Brazil flood the market with more shares than ever.
(Update3) Brazil will keep the world’s best-
performing major currency near 1.7 reais per dollar through
year-end by signaling it may step up measures to slow foreign
investment, said RBC Capital Markets and BNP Paribas.
(Update1) Banco Itau SA Asset Management,
Brazil’s second-biggest money manager, is buying raw-material
producers and homebuilders because of faster economic growth in
Brazil and China while selling phone and utility stocks.
Brazilian oil and gas company OGX Petroleo e Gas Participacoes Monday it found hydrocarbons in the Albiano field in the Campos basin off the coast of Rio de Janeiro. (Reporting by Todd Benson; Editing by John Picinich)...
Norway's Aker Solutions has sealed two deals to supply subsea connection
systems for Petrobras' P-55 platform, which is set to get to work at the
Roncador field, off Brazil.
Brazilian pig iron producers in Brazil's northern region of Carajás have declined to reduce their offers below $325 per tonne fob, market participants told MB.
FLORIANOPOLIS (Brazil): Formula One driver Felipe Massa returned to competition for the first time since his life-threatening accident four months ago, finishing third in a charity karting event won by Michael Schumacher on Saturday.
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