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Latin American markets are largely unchanged late Tuesday although the Ibovespa Index tracking Brazilian equities is up more than 2% today, bouncing back from Monday declines triggered by regulators agreeing to renew utility licenses starting in 2015 - but only in exchange for big rate cuts for customers.

Gold stocks are helping lead the gains for Brazilian stocks, following a 2% rise in bullion prices today in commdoties trading.

Here's where the Latin American markets stand today:

- Ibovespa up 1,240.17 (+2.13%) to 59,449.92

- IPC (Mexico City) down 22.14 (-0.05%) to 41,700.00

- Santiago Index IPSA up 3.23 (+0.08%) to 4,269.58

- Merval Buenos Aires up -0.28 (-0.01%) to 2,394.85

In company news, shares of Bancolombia SA ( CIB ), Colombia's largest bank, are up about 0.3% at $63.57 a share following a Bloomberg report today it will assume control of Interbolsa SA's local peso bond operations.

Regulators last week moved to take control of Interbolsa - the nation's largest stock brokerage firm - after warning it was suffering from liquidity problems.

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