October 20, 2016 @ 7:53 pm | ITUB, Jubak Picks Portfolio, Update |
Yesterday the Banco Central do Brasil reduced Brazil’s benchmark Selic interest rate for the first time in four years. The cut, 25 basis points to 14%, was less than the 50 basis points the market was hoping for. But the dream is that it will be just the first...
February 11, 2010 @ 2:05 pm | Update |
On February 9 Itau Unibanco (ITUB) reported a 72% jump in fourth quarter net income from the fourth quarter of 2008. Â Just as important in banking these days, credit quality improved. The percentage of loans more than 90 days behind in payment fell to 5.6% as of the...
July 29, 2009 @ 3:32 pm | Breaking News, Leading Indicators |
The Shanghai Composite stock index closed down 5% on July 29. The intraday damage was worse with stocks down 7% at one point. The rout wasn’t surprising. The Shanghai market was up almost 80% for 2009. And rumors have been swirling in recent days that officials...