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KM Financial Solutions | EMERGING MARKETS-Quarterly results, police operation hit Brazilian equities
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EMERGING MARKETS-Quarterly results, police operation hit Brazilian equities

30 Jul EMERGING MARKETS-Quarterly results, police operation hit Brazilian equities

Posted at 15:13h in News by
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Brazil’s benchmark Bovespa
equities index tumbled over 1.5 percent on Tuesday, as poor
quarterly results in the financial services and retail sectors
and a federal police price-fixing probe hit shares of companies
including Ultrapar and Cosan.
Among the firms that reported disappointing second quarter
results on Monday evening were Cielo SA, Brazil’s
largest credit card processor, Itau Unibanco Holding SA
, the country’s top private lender, and RD,
the nat

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