Brazil’s deputy Finance Minister Nelson Barbosa, a key aide to Brazilian President Dilma Rousseff, is leaving his position in June for “personal reasons,” according to the ministry’s emailed statement.
Experian Plc, the credit-reporting service with financial information on more than one-tenth of the people in the world, rose to a record after announcing plans to return more cash to investors than analysts expected.
Petroleo Brasileiro SA is being pushed by minority shareholders led by Aberdeen Asset Management Plc to focus more on profit than job creation after the state- run producer’s earnings slumped to an eight-year low.
The Ibovespa gained for a fifth day, the longest winning streak in seven months, as speculation central banks will move to spur growth sent commodities higher, boosting the outlook for Brazilian raw-material producers.
Braskem SA, Latin America’s largest petrochemicals maker, rose to a two-year high as Citigroup Inc. and JPMorgan Chase & Co. recommended buying the stock after the government cut taxes for the industry.
Braskem SA, Latin America’s largest petrochemicals maker, rose to a 19-month high as Banco Santander SA joined Citigroup Inc. and JPMorgan Chase & Co. in raising the stock to buy after Brazil cut the industry’s taxes.