GIC Pte, Singapore’s sovereign wealth fund, is buying stakes in Brazilian companies in a sign of confidence the world’s second-largest emerging market will overcome slower growth.
Brazil’s worst drought in four decades is raising the specter of energy rationing, and boosting revenue for companies including Fibria Celulose SA and Cosan SA Industria & Comercio.
Fleury SA, a Brazilian provider of medical services, said its controlling shareholder received bids for its stake in the company.
Emerging-market stocks rose, sending the benchmark index to a three-week high, as an agreement on emergency aid for Greece and better-than-forecast U.S. economic data boosted appetite for riskier assets.
Bovespa-index futures declined, with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.
The Bovespa index rose as speculation Brazilian policy makers will delay interest-rate increases boosted stocks that are linked to domestic demand.
Bovespa-index futures dropped, a sign the index may fall for the first time in four sessions, as commodities slipped.
The Bovespa index dropped for a second day as lower commodities prices dimmed the outlook for Brazil’s raw-material exporters after data showed U.S. retail sales unexpectedly declined.
The Bovespa index rose for the first time in five days as Suzano Papel & Celulose SA led gains by raw-material producers amid a rally in commodity prices.
Bovespa-index futures gained after an increase in Chinese industrial companies’ profits boosted optimism about the economic outlook for Brazil’s top trading partner.