Reuters: Global Markets: Shares of Brazil's Vale rise after first-quarter profit beats expectations

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Shares of Brazil's Vale rise after first-quarter profit beats expectations Apr 25th 2013, 13:10 SAO PAULO | Thu Apr 25, 2013 9:10am EDT SAO PAULO (Reuters) - Preferred shares of Brazil's Vale SA (VALE5.SA), the world's second-largest mining company, rose nearly 3 percent on Thursday, after the company reported better than expected first-quarter earnings. At 10:05 a.m. (1305 GMT), Vale shares were up 2.80 percent to 33.00 reais, while Brazil's benchmark Bovespa stock index .BVSP added 0.76 percent. (Reporting by Asher Levine; Editing by Gerald E. McCormick)

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