Brazil Stocks Gain for Week, Led by Vale, on Takeovers in Metals Industry

(Bloomberg) -- Brazil's main stock index headed for a
third week of gains, led by mining company Cia. Vale do Rio Doce,
as rising metals prices and takeover speculation propelled raw
materials stocks.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange gained 2.1 percent this week to 57,554.72. Today the index
was little changed, slipping 58.33, or 0.1 percent, from a record
yesterday.


Read more at Bloomberg Stocks News