"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Thursday, September 3, 2009

Mexico stocks begin rebound now

"Mexico's IPC equity index rose 0.7% to 27,927 as investors hunted for bargains ...shares of Grupo Mexico added [3.5%] to their 14% surge from the previous session after a judge's ruling puts the company closer to regaining control of Asarco LLC, an Arizona mining company that it had lost control of in 2005 in the wake of Asarco's bankruptcy filing.

Market heavyweight Petrobras' (PBR) shares climbed 2.4% after BP (BP) said it made a "giant" discovery of oil in the Gulf of Mexico. Petrobras said in a statement that its Petrobras America subsidiary holds a 20% stake in the project. ConocoPhillips (COP) holds an 18% stake and BP has a 62% stake."
http://money.cnn.com/news/newsfeeds/articles/djhighlights/200909021557DOWJONESDJONLINE000579.htm


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