Brazilian telecommunications provider Oi SA (OIBR4.SA) said on Monday it has not entered into any agreement to join a group of rivals to buy Telecom Italia SpA's (TLIT.MI) stake in Brazilian phone company TIM Participacoes SA TIMP4.SA.
The Brazilian real on Thursday slumped to a 9-1/2-year low while the Bovespa stock index erased its 2014 gains as investors feared President Dilma Rousseff may defeat market-favorite candidate Aecio Neves in Sunday's presidential election.
Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while U.S. Treasury debt prices rose over uncertainty sparked by the protests.
JBS SA, the world's largest meatpacker, has put off a plan to raise 4 billion reais ($1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said.
World markets advanced on Monday despite the conflict in Ukraine, focusing on whether the European Central Bank will announce plans for economic stimulus when it meets this week.
Brazil's benchmark Bovespa stock index increased by 2% after investors picked up Vale and OGX.
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