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3 results for “Civil Construction”
Investing• Sep 16
Brazil’s Central Bank Rate Cut Spurs Rotation Toward Domestic-Facing Stocks
The fifth consecutive cut to Brazil’s benchmark Selic interest rate, now at 13.75%, is driving a rotation of capital out of fixed income and into equity sectors sensitive to lower credit costs, such as retail and civil construction.
Investing• Sep 16
Brazil’s Central Bank Cuts Selic Rate to 13.75%, Boosting Retail and Construction Prospects
Brazil’s central bank, Copom, cut the benchmark Selic interest rate by 0.25 percentage points to 13.75% per annum, a move expected to stimulate the highly rate-sensitive retail and civil construction sectors.
Small Caps• Jul 29
MRV Slashes Consolidated Net Debt by 7.5% After Finalizing US$139M Resia Asset Sale
Brazilian homebuilder MRV&CO (MRVE3) completed the sale of two US assets, cutting debt by US$87 million in its deleveraging push.