Two Major Brazilian Corporations Lose Big on Stock Market

On March 1, 2013, G1 reported that two major Brazilian corporations, Vale and Petrobras, lost big in the Brazilian stock market (BM&FBOVESPA) in the first two months of 2013.  Economic reports indicate that Petrobras, one of the largest corporations in the world, posted losses of nearly R$54 billion (R$200.9 billion), while Vale lost about R$22.75 billion (R$192.3 billion).  The only corporation on the stock exchange with larger volume is AmBev, valued at about $274 billion.  Both Vale and Petrobras have suffered large losses since they hit their peaks (R$275 billion and R$380.2 billion, respectively) in 2010.  Read Article