Pursuits
Ibovespa Advances on Speculation Petrobras Will Release Earnings
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The Ibovespa rose for the first time in three days as Petroleo Brasileiro SA rallied on speculation it’s close to releasing delayed a delayed earnings report.
Petrobras, as Petroleo Brasileiro is known, contributed the most to the gauge’s gains. Pulp producer Fibria SA, which gets more than 90 percent of revenue from exports, rose the most since October as the real depreciated. Homebuilder PDG Realty SA fell for the first time in three days.