Wednesday, March 22, 2017

EMERGING MARKETS-Brazil stocks up as BM&FBovespa, Cetip tie-up wins antitrust approval

March 22 (Reuters) - Brazilian stocks rose on Wednesday as

shares of BM&FBovespa SA and Cetip SA gained after regulators

approved a tie-up between the companies, while Mexico's peso

gained.

Bourse BM&FBovespa SA will create a committee to monitor

product and pricing and allow rival access to proprietary

clearing and settlements platforms, as part of an accord that

grant approval to its takeover of rival clearinghouse Cetip.

Shares of BM&FBovespa rose 3 percent, their

biggest daily i

Read more

No comments:

Post a Comment