Latin American stocks are falling with declines in metal and
energy stocks leading the broader markets lower.
Here's where the regional indices stand this afternoon:
- Ibovespa down 260.96 (-0.49%) to 53,308.19
- IPC (Mexico City) down 182.37 (-0.45%) to 40,039.43
- Santiago Index IPSA down 13.88 (-0.32%) to 4,351.65
- Merval Buenos Aires down 16.60 (-0.70%) to 2,345.36
In economic news, non-performing loans in Brazil rose sharply
during the first six months of 2012, raising fresh concerns over
the country's growth prospects.
Delinquencies on loans climbed 19.1% over year-ago levels as
fast access to credit is meeting with increasingly out-of-control
consumer spending, according to a study released this week by
credit consultancy Serasa Experian.
In company news, Banco Bilbao Vizcaya Argentaria, SA (
) was downgraded to Neutral from Outperform at Credit Suisse.
U.S.-listed shares of the Argentine bank are off nearly 3% this
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