UPDATE 1-Brazil’s BM&FBovespa buys Cetip, creates Latin America’s largest bourse

SAO PAULO, April 8 (Reuters) – BM&FBovespa SA, Latin America’s largest financial bourse, took over rival Cetip SA Mercados Organizados in a transaction valued at almost 12 billion reais ($3.3 billion), creating a giant with growing presence in regional financial markets spanning from Mexico to Chile.

UPDATE 2-Hedge funds dump bullish U.S. oil bets just before price rally

(New throughout, adds analyst comments and oil price moves on the week) By Barani Krishnan April 8 (Reuters) – Money managers slashed their bullish exposure in U.S. crude by the most in three months ahead of a sharp oil price rally this week, trade data showed on Friday. The managers of hedge funds and other investment firms that speculate on oil cut their net longs in U.S. crude options and futures by 21,831 contracts to 177,504 for the week ended Tuesday, the Commodity Futures T