Wednesday, June 20, 2007

Brazilian Stocks Fall, Led by Petrobras, on Concern Strike May Hurt Output

(Bloomberg) -- Brazil's main index fell for a second
day on investor concern that a possible strike at state-controlled
oil company Petroleo Brasileiro SA will hurt output.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 291.02, or 0.5 percent, to 54,352.70 as of 11:48 a.m.
New York time. Petrobras fell 54 centavos, or 1.1 percent, to 51.10
reais.


Read more at Bloomberg Stocks News

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