Reported 1 day ago
Brazilian companies are rapidly increasing stock buybacks, reaching the highest rate in nearly two decades, due to rising interest rates impacting the stock market negatively. The Ibovespa index saw at least 54 buyback announcements this year, nearly double the previous two years. Major firms like B3 SA and Banco BTG Pactual are participating, as they shift focus to buybacks over traditional investments amid economic uncertainties and a significant budget deficit.
Source: YAHOO