Economics
Ibovespa Falls as Natura Drops Amid Brazil Growth Concern
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The Ibovespa dropped for the third time in four sessions as companies that sell domestically including cosmetics seller Natura Cosmeticos SA sank after analysts cut Brazil’s economic growth estimates.
BR Malls Participacoes led declines among real estate stocks, while utility Centrais Eletricas Brasileiras SA fell the most on the benchmark gauge. Homebuilder Brookfield Incorporacoes SA rallied after saying its corporate parent will offer to buy all outstanding shares for as much as 1.60 reais each to take it private.