Two Major Brazilian Corporations Lose Big on Stock Market

Posted on March 1, 2013 • Filed under: Brazil, Business, Economy

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

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