Tag Archives: stock market
Bovespa Ends 2009 with Highest Global Gains Posted by Rachel on Dec 31, 2009
Estadão announced today that Bovespa, the Brazilian stock market located in São Paulo, closed the year with the highest gains of any stock market in the world. It closed at a high of 120.9 percent, compared to 118 percent in Indonesia, 25.4 percent in the United States, and 6.7 percent in Japan. This percentage is…
Government Tax Threatens Foreign Investment in Brazil Posted by Rachel on Oct 22, 2009
This week, the Wall Street Journal reported that the Brazilian government has now imposed a two percent tax on foreign investment entering Brazil, hurting the local stock markets. Brazil has weathered the global economic crisis much better than other countries, and the Ibovespa index rose 70% since March. The government has imposed tax on stock…