Brazil stocks rise on positive int'l banking news

SAO PAULO, Brazil - Brazilian stocks are rising after Britain's Barclays bank said it made a good profit in 2008 and did not need a government bailout.

By (AP)

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Published: Mon 26 Jan 2009, 8:47 PM

Last updated: Sun 5 Apr 2015, 10:27 PM

Brazil's Ibovespa index was up 0.2 percent to 38,223 in the first 30 minutes of trading. The nation's currency, the real, rose against the dollar.

The gains Monday for shares of big Brazilian companies tracked advances for European markets.

Analysts were surprised by the upbeat report from Barclays PLC. Markets were worried the bank would be the next to be rescued by the British government in return for a stake.

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