Brazil, Mexico Shares Fall as Subprime, Housing Fears Revive; Peru Rises

(Bloomberg) -- Stocks in Brazil and Mexico erased
rallies and fell after investors sold riskier assets on renewed
concern that losses on U.S. mortgages will curb earnings growth.

Mexico's Bolsa index declined 241.02, or 0.8 percent, to
30659.66, dragged down by America Movil SAB, Latin America's
largest mobile-phone company. Brazil's Bovespa slipped for the
third time in four days, led by state-controlled oil company
Petroleo Brasileiro SA.


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Brazil's Bovespa Gains on Rates, Led by Petrobras; Mexico's ICA Advances

(Bloomberg) -- Brazil's main stock index had its
biggest gain in a week after the central bank cut borrowing costs,
bolstering confidence in company profits.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange rose 601.36, or 1 percent, to a record 58,157.21. State-
controlled oil company Petroleo Brasileiro SA led the gains.
Mexico's Bolsa index also gained.


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Mexico's Bolsa Has Weekly Decline on Tax Proposal; Cemex, Televisa Slide

(Bloomberg) -- Mexico's main stock index fell for the
second week in three, led by Cemex SAB, on concern President Felipe
Calderon's proposed tax bill will reduce company profits.

The benchmark Bolsa index slid 0.6 percent today to 31,642.26,
for a weekly loss of 1.5 percent. Cemex, North America's largest
cement producer, was also hurt by concern that the U.S. housing
slump will hurt its earnings.


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