Brazul
Establishing Nation
- Joined
- Feb 18, 2007
- Messages
- 646
Liberdade Stock Market to reopen on monday
Imprensa Nacional do Brazul
In an unexpected announcement, the Liberdade Stock Market declared it would reopen coming monday, giving investors a little over a day to prepare. According to officials, the short time frame was chosen deliberately and the date of the reopening kept secret until exchanges across Europe had closed for the weekend in order to limit the impact of speculation and possibly intentional manipulation in advance.
The Liberdade Stock Market, a bourse of international renown, had been closed down for almost half a year now, following a fire in late April that led to the destruction of the building. Ultimately, arson could be ruled out by investigators, who blamed faulty wiring in the historical building for fire. During its downtime, Brazulian traders and companies evaded to major stock markets in foreign countries, giving them a commercial boost that is sure to subside with the return of Brazuls major exchange.
While the fire ravaged much of the historical 18th century building and it was initially believed that the landmark would have to be torn down, constructors were able to salvage most of the historical facade and incorporate it into a new structure, saving the appearance of the Avenida do Cómercio and Liberdades historical downtown as a whole.
However, much of the documentation was destroyed during the fire. For this reason, managers of the Liberdade Stock Market have announced that the reopening of the market will require renewed registration from traders and companies wishing to trade stocks in Liberdade.
Imprensa Nacional do Brazul
In an unexpected announcement, the Liberdade Stock Market declared it would reopen coming monday, giving investors a little over a day to prepare. According to officials, the short time frame was chosen deliberately and the date of the reopening kept secret until exchanges across Europe had closed for the weekend in order to limit the impact of speculation and possibly intentional manipulation in advance.
The Liberdade Stock Market, a bourse of international renown, had been closed down for almost half a year now, following a fire in late April that led to the destruction of the building. Ultimately, arson could be ruled out by investigators, who blamed faulty wiring in the historical building for fire. During its downtime, Brazulian traders and companies evaded to major stock markets in foreign countries, giving them a commercial boost that is sure to subside with the return of Brazuls major exchange.
While the fire ravaged much of the historical 18th century building and it was initially believed that the landmark would have to be torn down, constructors were able to salvage most of the historical facade and incorporate it into a new structure, saving the appearance of the Avenida do Cómercio and Liberdades historical downtown as a whole.
However, much of the documentation was destroyed during the fire. For this reason, managers of the Liberdade Stock Market have announced that the reopening of the market will require renewed registration from traders and companies wishing to trade stocks in Liberdade.