|Bid||6.18 x 800|
|Ask||6.40 x 3200|
|Day's Range||6.07 - 6.76|
|52 Week Range||2.96 - 11.69|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.34 (5.18%)|
|Ex-Dividend Date||Aug 07, 2020|
|1y Target Est||N/A|
* Real finds support in improving service sector data * Mexican cenbank cuts rates by 50 bps to lowest level in 4 years * Peru's cenbank decision awaited * Brazil's Eletrobras, BRF fall after results (Updates prices) By Shreyashi Sanyal and Susan Mathew Aug 13 (Reuters) - An expected interest rate cut in Mexico did not cause big moves in the country's currency on Thursday, while Brazil's real bounced on signs of recovery in the country's battered service sector. In line with expectations, the Bank of Mexico cut rates by 50 basis points to 4.50% - the lowest in four years.
Privatizing Brazilian state power company Eletrobras is a priority for the government, the energy minister said on Wednesday, the day after his ministry made public a request for funding to carry out the privatization process. The privatization of Centrais Eletricas Brasileiras SA , as the company is formally known, would require the approval of Congress and faces an uphill political battle. "Within the Pro-Brazil agenda, it's one of the priorities," Mines and Energy Minister Bento Albuquerque told journalists on Wednesday, referring to a federal government program to reignite growth amid the novel coronavirus pandemic.
The administration of President Jair Bolsonaro may create a new state-run company as part of its plan to privatize power firm Eletrobras, according to documents disclosed late on Tuesday. The Ministry of Mines and Energy has required an extra 4 billion reais ($776.02 million) in the 2021 budget in case a new state-run company "is necessary," a document signed by secretary Marisete Pereira showed. The bill on Eletrobras' privatization includes the creation of a state-run company that would hold assets such as the Itaipu hydroelectric plant and a nuclear complex in Angra dos Reis, as well as government programs for the electric sector.