(Bloomberg) -- Brazilian stocks rose, heading for a fourth straight weekly gain, led by Tele Norte Leste Participacoes SA, on speculation that mergers among telecommunication companies will ease competition.
The Bovespa Index of the most-traded stocks on the Sao Paulo exchange advanced 2.4 percent, to a record 47,751.15. It gained 404.59, or 0.9 percent, today as of 1:45 p.m. in New York, trading at a record for a fourth time this week.
Read more at Bloomberg Stocks News
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