Brazil Stocks Gain for Week, Led by Vale, on Takeovers; Bancolombia Falls

(Bloomberg) -- Brazil's main stock index headed for a
third week of gains, led by mining company Cia. Vale do Rio Doce,
as rising metals prices and takeover speculation propelled raw
materials stocks.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange gained 2.4 percent this week to 57,835.85, a record. Today
the index rose 222.80, or 0.4 percent. An index of Latin American
shares headed for its second weekly gain.


Read more at Bloomberg Stocks News