(Bloomberg)
Brazilian stocks fell for a fourth day, led by retailers and industrial companies, on concern a deepening recession and widening credit crisis may hurt consumer spending and lower the outlook for earnings. Lojas Americanas SA and Lojas Renner SA, the nation’s two biggest retailers, dropped more than 6 percent on speculation tighter credit will hurt spending. Gol Linhas Aereas Inteligentes SA led a decline in airlines after its occupancy rate fell last month and oil prices rose. Rossi Residencial SA slid, extending its two-day decline to 27 percent after saying it plans to raise 150 million reais ($68.8 million) by selling new shares. More
(Bloomberg) — Canadian stocks fell a fifth day, sending the main index toward its lowest since July 2005, as financial and energy companies slid on concern that profits will be hurt by the credit crunch and lower oil prices. More
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