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View Full Version : Aracruz Rises as Banks Ease Deadline for Derivatives-Loss Deal - Bloomberg



NewsWhore
12-02-2008, 03:00 PM
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Aracruz Rises as Banks Ease Deadline for Derivatives-Loss Deal (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaURl8vg4LprM%26refer%3Dlatin_america&cid=0&ei=85M1Sd_yFoGi9gSF9ZUo&usg=AFQjCNHmLZ5fjB2qCVJKMX7mFzFLcTThsA)
Bloomberg - 22 minutes ago
Aracruz said last month it agreed to unwind 97 percent of its currency bets, resulting in a $2.13 billion loss. The losses stem from bets the real would ...


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