Ibovespa Rises as Government Victory Offsets Oi Contagion WoesBy
Consumer stocks advance after agreement on state debt reached
Oi’s filing for bankruptcy protection hits Brazil’s banks
The Ibovespa rose for the fifth straight day after Acting President Michel Temer scored a political victory, fueling bets the new government can get support for a broader recovery plan and offsetting concern that a record bankruptcy filing will spread to other companies.
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