Pursuits
Bovespa Caps Weekly Advance as Bank Move Eases Rate Concern
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The Bovespa stock index rose for a third day, capping the biggest weekly gain in a month, as the Brazilian central bank’s measures to cool inflation spurred traders to pare bets for higher borrowing costs.
Cia. de Bebidas das Americas, Latin America’s largest brewer, and B2W Cia. Global do Varejo, Brazil’s largest online retailer, both jumped the most in a month, leading gains among companies that benefit most from domestic demand.