Economics
Brazilian Stocks Advance on Interest-Rate Bets; Real Increases
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The Bovespa stock index gained on speculation Brazilian policy makers will leave interest rates unchanged and U.S. central bankers will take measures to ensure an economic recovery.
Cosan SA Industria & Comercio, the world’s biggest sugar- cane processor, advanced as sugar prices jumped. OGX Petroleo e Gas Participacoes SA, the oil company controlled by billionaire Eike Batista, gained after crude increased. Vale SA, the world’s biggest iron ore producer, climbed after Chief Executive Officer Roger Agnelli said it may become the largest nickel producer by next year.