Wednesday, June 20, 2007

Brazil Stocks Fall, Led by Petrobras, on Strike Concern; Chile Stocks Rise

(Bloomberg) -- Brazil's main index fell for a second
day on investor concern that a possible strike at state-controlled
oil company Petroleo Brasileiro SA will hurt output.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 289.68, or 0.5 percent, to 54,354.04 as of 1:00 p.m.
New York time. Petrobras, whose shares account for about one-sixth
of the index, fell 62 centavos, or 1.2 percent, to 51.02 reais.


Read more at Bloomberg Stocks News

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