Tuesday, June 03, 2008

Brazil Stocks Drop, Led by Mobile-Phone Shares; Bolsa Slips

Brazilian pillory index drop for a
second day, led by companies, on concern that
potential government-imposed rate cuts may cut down profit.

, the greatest mobile-phone carrier,
dropped the most in two calendar months after analysts said the rates that
mobile companies can bear down challengers for usage of their webs may
soon be lowered. slid the most in three hebdomads on a report
the world's greatest beef cows manufacturer is facing resistance from U.S.
cattle ranchers on its program to purchase two meat companies.

of most-traded shares on the Sao Paulo
exchange drop 902.75, or 1.3 percent, to 70,994.50 at 9:57 a.m. New House Of York time. Eight pillory declined for every 1 that gained. Mexico's Bolsa drop 0.1 percent. Chile's Ipsa rose 0.5 percent.

Vivo drop 4.7 percentage to 10.45 reais after UBS cut its
rating on the stock to ''neutral'' from ''buy.'' According to a
UBS interview with Helio Costa, Brazil's telecommunications
minister, the regulator is studying a ''more contiguous cut in
mobile expiration rates.'' Tim Participacoes SA, the second-
biggest mobile-phone carrier, lost 2.5 percentage to 4.65 reais.

JBS dropped 3.4 percentage to 9.37 reais. The company is
awaiting blessing to purchase Smithfield Beef Group Inc. and National
Beef Packing Material Co., Heroism Economico reported. Ranchers led by R-
CALF USA, which stands for more than than 12,000 cows farmers,
oppose the dealing because it also would give JBS control of
the greatest U.S. feedlot operation, allowing the Brazilian
company to raise its ain farm animal when terms are too high,
Valor reported.

To reach the newsmen on this story:
in Rio De Janeiro Delaware Janeiro at
;

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