EBX woes won't hurt image of Brazil bourse: BM&FBovespa
CAMPOS DO JORDÃO, Brazil, Aug 29 (Reuters) - The problems facing tycoon Eike Batista's Grupo EBX are unlikely to tarnish the image of Brazil's stock markets among global investors, the chief executive of financial bourse BM&FBovespa said on Thursday.
"I don't see the Brazilian market grappling with an image problem because of this," CEO Edemir Pinto said at a company event in the Brazilian city of Campos do Jordao.
Shares of Batista-controlled oil producer OGX Petroleo e Gas Participacoes SA will stay in the benchmark Bovespa stock index in case the company restructures its debt, he said.
OGX will only be excluded if it requests bankruptcy protection or goes out of business.
- Islamic State executes soldiers, takes hostages at Syria base: social media |
- Breakthrough hopes dented as Ukraine accuses Russia of new incursion |
- Gaza truce holding but Israel's Netanyahu under fire at home |
- WHO shuts Sierra Leone lab after worker infected with Ebola
- IMF's Lagarde put under investigation in French fraud case |