International Business News - ARA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Latin American stocks plunged Wednesday as European and U.S. shares slipped, commodities prices fell and currency losses spread. Brazil's Ibovespa stock index plunged 11.4 percent to 36,833, triggering the automatic 30-minute suspension of mid-afternoon trading. Vale do Rio Doce, the world's largest iron ore miner, lost 15.2 percent, while state-run oil company Petrobras fell 12 percent as crude hit a 13-month low. Together, the two companies comprise 34.5 percent of the Ibovespa. http://www.ibtimes.com/articles/20081015/latin-america-stocks-plunge-as-us-shares-slide.htm Wed, 15 Oct 2008 18:19:02 EDT Two large Brazilian exporters on Friday confirmed huge currency-related losses as investors fled emerging markets, weakening Brazil's currency--and delivering the first big blow to Brazilian companies amid ongoing global financial turmoil. http://www.ibtimes.com/articles/20080926/brazil-exporters-hit-hard-on-currency-bets.htm Fri, 26 Sep 2008 17:15:42 EDT Shares of Brazilian companies trading on U.S. exchanges dropped Thursday after the South American country's central bank forecast a year-end inflation rate of about 6 percent, higher than originally predicted. http://www.ibtimes.com/articles/20080626/adrs-in-focus-brazil-index-dips-on-inflation-woes.htm Thu, 26 Jun 2008 14:26:14 EDT Shares of several U.S.-traded companies based in Brazil hit fresh 52-week highs on Monday, led by Gerdau SA after the Inter-American Development Bank approved a $200 million loan for a subsidiary of the steel company. http://www.ibtimes.com/articles/20080519/adrs-in-focus-brazil-stocks-head-higher.htm Mon, 19 May 2008 15:22:46 EDT Shares of Brazil-based companies that trade on U.S. markets climbed sharply on Monday after the Brazilian government announced an economic stimulus package that it said it will provide the equivalent of more than $13 billion in export credits and tax cuts. http://www.ibtimes.com/articles/20080512/adrs-in-focus-brazilian-adrs-up-on-stimulus-plan.htm Mon, 12 May 2008 16:24:28 EDT