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KSA stocks defy Moody’s cut as Maaden rallies

  BLOOMBERG Saudi Arabian stock investors showed they care more about the price of oil than what New York-based Moody’s Investors Service Inc. thinks about the kingdom’s debt dynamics. A day after Moody’s became the latest company to reduce the nation’s credit rating, the Tadawul All Share Index added as much as 0.8 percent before closing little changed. Saudi Arabian ...

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In Brazil, yesterday’s studs are today’s duds — and vice versa

  Bloomberg To understand just how volatile Brazil’s stock market is, take a closer look at this year’s winners and losers. Last year’s reigning stocks — pulpmakers Suzano Papel & Celulose, Klabin SA and Fibria Celulose SA — are among the worst performers on the Ibovespa index this year. But 2015’s big dud — Metalurgica Gerdau SA — posted Brazil’s ...

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May harshest month for Brazil stocks as Ibovespa retreats

  BLOOMBERG Brazilian stocks fell on Friday, keeping the Ibovespa benchmark on course for its first monthly drop since January. If history is any guide, that shouldn’t surprise investors. Brazilian stocks have fallen every May this decade, adding weight to the old adage “sell in May and go away.” The Ibovespa declined 2.7 percent to 51,804.31 at the close of ...

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