Brazil’s Stocks Fall as Budget Bill Delay Raises Reforms ConcernBy
Companies that depend on domestic demand fall most on Ibovespa
Itau Unibanco and Ambev contribute most to decline of index
The Ibovespa fell, led by companies that depend on domestic demand, as the delay of a congressional vote on a budget bill raised concern that it may take longer than expected to rein in Brazil’s fiscal deficit.
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