Beverly Hills 12/16/2009 3:05:59 AM
News / Business

Brazil’s Stocks Dragged Down by Global Gloom

Finance World News Update by EQUITIES Magazine

Brazil’s Bovespa stock index fell 0.25 percent to 69,179.25 and the real gave up around 0.69 percent to trade at 1.75 per dollar as worried about the global economy dried investors’ thirst for riskier emerging market currencies.

 

Brazilian shares tracked losses in global stocks, dragged down by burgeoning concerns about the euro zone's recovery after ratings agencies downgraded Greece last week because of its soaring deficit and burgeoning public debt.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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