Bovespa Index Falls for Second Day on Libya Violence, Inflation
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Brazilian stocks fell for the second day as escalating violence in Libya sparked a global selloff and inflation quickened to the fastest pace in almost eight years.
Homebuilder Cyrela Brazil Realty SA Empreendimentos e Participacoes and real estate developer Brookfield Incorporacoes SA led declines among companies threatened by slower credit growth. Banco do Brasil and Banco Bradesco pushed down financial stocks.