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Not joining in the worldwide rally today was Brazil (EWZ -0.8%), dragged down by a plunge in...
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Wednesday, April 25, 2012, 6:12 PM ETNot joining in the worldwide rally today was Brazil (EWZ -0.8%), dragged down by a plunge in Itau Unibanco (ITUB -5.7%). Rising defaults forced the lender to raise provisions for bad loans by 38% as the country faces the downside of a consumer credit boom. Keep an eye on tomorrow's earnings from Banco Santander's (STD) - from Spain (with its own issues), but with large Brazilian operations.
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