Emerging markets are performing better this year than developed markets.Investors’ appetite for risk has increased and many of the emerging market indices have rebounded nicely this year. One of main developing countries that is attracting investor attention this this year is Brazil. The iShares MSCI Brazil Index Fund (EWZ) ETF is up by 10.45% as …
Two Brazilian steel making companies are already up 25% so far this year.With the first full trading week over, I was researching for the top performing ADRs. The two steel companies kinda stood out because of the rise in stock prices. Commodity prices have fallen tremendously in the past few months and steel was no …
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The following Telecom and Utility ADR stocks of Brazil offer dividend yields of more than 5%. It should be noted however some of these companies do not pay dividends consistently. 1.Brasil Telecom Participacoes S/A (BRP) is a telecom provider with headquarters in Brasilia. The current yield is 7.36% and the P/E ratio is 14.04. Year-to-date …
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On November 3,2008 Banco Itau Holding Financeira S.A. (ITU) and Uniao de Bancos Brasileiros S.A. (UBB) announced to merge their operations to form a new company called Itau Unibanco Holding S.A. The merger will be effected by the merger of shares(Common, Preferreds, GDRs) of both the companies. Exchange Rate: Each 0.17391 UBB (GDR) will be …
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