The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) index lost 0.6 percent to 64,510.97.
Oi SA (BRTO4) (BRTO4 BS) fell 3.4 percent to 9.77 reais. The company formerly known as Brasil Telecom SA (BRTO4) reported an 80 percent drop in fourth-quarter profit as expenses increased due to a restructuring.
Rossi Residencial SA (RSID3) (RSID3 BS) declined 3.3 percent to 9.86 reais. The homebuilder was downgraded to the equivalent of hold by analysts at Banco BTG Pactual SA including Marcello Milman, who cited lower expectations for earnings.
Indian group wins Saudi chemical plant contract
Addar Chemicals Company, a leading conglomerate in Saudi Arabia, has awarded a $35-million engineering, procurement and construction (EPC) contract to Indian group Nuberg Engineering for a chemical p
CBQ ratings affirmed by Capital Intelligence
Capital Intelligence (CI), has affirmed Commercial Bank of Qatar's (CBQ) Financial Strength Rating (FSR) at 'A-'. The FSR is supported by the Bank's diversified franchise, a good level of non-interes