Brazilian bank Itau Unibanco(ITUB) has announced a stocks split in the ratio of 1:1 on its ADRs. Holders will receive one additional ADR for each two ADRs held as of the record date. The full details of the stock split are detailed in the notice below. Itaú Unibanco Holding S.A. NOTICE TO STOCKHOLDERS 50% Stock Split: …
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The Brazilian Bovespa Index has recovered strongly since the lows reached recently in 2016. The index reached below the 40,000 in early 2016. Since then it has soared and reached to close at 85,824 yesterday – more than doubling in value. In 2017, the Bovespa was one of the top performing indices in the world. …
Brazil has one of the highest murder rates in the world. In 2015, the there were nearly 60,000 murders in the country. The following chart shows this number in perspective. This number is equal to the number of murders in the US, China, all of Europe, Northern Africa, Japan, Indonesia, Australia, Canada, and New Zealand combined. Click to …
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Petróleo Brasileiro S.A. or simply called as Petrobras(PBR) is the state-owned Brazilian oil company. Petrobras used to a high-flier with the ADR hitting over $70 a share in 2008. Since then it has been gone nowhere but down year after year. The massive corruption scandal that was uncovered and falling oil prices have led this …
Brazil is the top performing market in the world so far this year. The Bovespa has shot up by 41% year-to-date, The Olympics and more importantly the ousting of the Dilma Roussef government a while ago by a more pro-growth conservative administration made foreign investors turn their attention to Brazilian equities again. Bovespa year-to-date return chart: Click to …
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