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.
SICO retains top broker status on stock exchange
Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced it has retained its status as the leading broker on the Bahrain Bourse (BH
Bahraini firms urged to focus on innovation
Bahraini firms need to innovate to retain their competitive advantage, according to Industry, Commerce and Tourism Ministry Under-Secretary for industrial affairs Osama Al Arrayed.
Omani firm inks mining deal with Rwanda
Rwanda-based Tri Metals Mining Limited, a subsidiary of Mawarid Mining LLC, a wholly-owned subsidiary of MB Holding Company LLC registered in the Sultanate of Oman, has signed three large-scale mini