Brazil’s Ibovespa Slips As Traders Wait For Vale; Petrobras License Stirs Debate

Brazil’s stock market paused on Tuesday, with the Ibovespa down 0.29% at 144,085.15 as investors waited for Vale’s third-quarter production and sales report and trimmed positions in index heavyweights. Trading was subdued, with about R$15.7 billion ($2.96 billion) changing hands. The dollar closed at 5.3906 reais as demand for the greenback firmed. Politics set the […]