Economics
Bovespa Index Completes Fourth Weekly Advance as Embraer Soars
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The Bovespa stock index advanced for the fourth time in five days, completing its longest stretch of weekly gains since October, on speculation Brazil’s economic growth will boost companies’ earnings.
Embraer SA, the world’s fourth-largest aircraft maker, jumped the most in almost two years after being added to Goldman Sachs Group Inc.’s “Americas conviction buy list.” Tele Norte Leste Participacoes SA joined a telecommunications rally, rising for a second day after shareholders approved the takeover of a rival. Railroad company ALL America Latina Logistica SA rose for the first time in seven sessions after saying flooding didn’t affect its operations.