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01/02/08 Brazil: Investment Potential 2008

A combination of a stable economy, falling interest rates and rising tourism are among the factors that are attracting investors in increasing numbers to the real estate market of Brazil. An online poll conducted at the beginning...

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01/02/08 Year-End Cheers: Brazil Stock Market Celebrates 43.4% Gain in 2007

Bovespa, Brazil's main stock market, ended an exceptional 2007 with a turnover of US$570 billion and its biggest annual gain in four years, over 40%. The São Paulo stock exchange closed Friday, December 28, at 63.774 points,...

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12/20/07 Brazil Now Ranks as Sixth Largest Economy Worldwide

The Brazilian economy rose to the number six spot globally in a World Bank study just released analyzing 146 countries. According to data from the International Comparison Program (ICP) – a research initiative that analyzes...

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12/19/07 GE Invests in Brazil Offshore Project

General Electric Co. said Tuesday it will invest $54 million in and arrange for $259 million in debt financing for a deepwater drilling ship to be used for oil exploration offshore Brazil. The Peregrine I ship is currently under...

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12/14/07 Brazil Senate Rejects Renewal of CPMF Tax

BRASILIA (Dow Jones)--Brazil's senate early Thursday morning voted to reject extending the country's CPMF financial transactions tax, cutting the government's access to more than 40 billion Brazilian reals ($22.60 bln) in...

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12/13/07 Brazil GDP rises 5.7% in 3Q

Brazil's economy expanded an unexpected 5.7 per cent in the third quarter, boosted by big gains in agriculture and industry, and appeared on track to grow 5 per cent for the year, according to government figures released...

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12/12/07 BNDES Says Brazil Corporate Loans Rise 35 Percent

Brazil's state development bank, the largest corporate lender in the nation, said loans surged 35 percent in the first 11 months of the year as more Brazilian companies sought to fund expansion plans. The bank, known as BNDES,...

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12/12/07 What Can Brazil Teach The U.S. About Ethanol?

Over 1,200 people turned up in June of this year in São Paulo, Brazil, for the “Ethanol Summit” - billed as the world’s first ethanol “congress.” Among them was CNBC’s own Global Energy Expert, Daniel Yergin, who, as one of the...

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12/11/07 Brazil Economists See Higher Inflation, Smaller Current Account

Dec. 10 (Bloomberg) -- Brazilian economists raised their 2007 inflation forecast to 4.10 percent from 3.96 percent and their 12-month inflation to 4.02 percent from 3.96 percent. Economists also cut their 2008 current account...

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12/10/07 Latin American Leaders Form Regional Bank, Seeking Independence

South American presidents said the creation of a regional development bank was the first step in lessening the continent's dependence on existing international financial institutions and the U.S. Leaders from six nations ---...

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12/10/07 Brazil Poised to Go Big-Time in Oil

(RIO DE JANEIRO, BRAZIL) — This country, famed for its development of sugar-cane-produced ethanol, soon could become one of the world's great oil powers — if its state-controlled energy company, Petrobras, can tap a potentially...

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12/07/07 Brazil's Bovespa Rises to Record on U.S. Subprime Rate Plan

Brazil's main stock index climbed to a record on the expectation that U.S. measures to contain mortgage losses will maintain economic growth and spur demand for emerging market assets. The Bovespa index of most-traded shares on...

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12/05/07 Brazil 2007 Crude Steel Production up 9.9% vs. 2006

Brazilian steelmakers are expected to set a record for crude steel output and domestic sales in 2007 on heated demand from the local automotive and civil construction industries, according to preliminary figures released Tuesday...

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12/03/07 New US Study Shows Brazil as Agressive Foreign Investor

A new survey released this Monday, December 3, by the Columbia Program on International Investment (CPII) and the Brazil-based Fundação Dom Cabral (FDC) in New York reveals that Brazil's top multinational enterprises (MNEs) have...

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12/03/07 Brazil Tax: Uncertain Reform

Brazil won't see a tax reform any time soon, experts say. Brazilian President Luiz Inacio Lula da Silva has pledged to submit to Congress [...] a tax reform package aimed at simplifying the country’s tax system and encouraging...

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11/30/07 Salt Shelf Discovery Could Improve Brazil's Fortunes

The discovery of what could be massive oil reserves off the coast of Brazil, announced last week, has the potential to transform its oil industry and catapult the country up the league table of oil-producing nations. "We could...

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11/29/07 Investment in Brazil surpasses forecasts

From January until now, US$ 33.4 billion in foreign direct investment have entered the country, a much higher figure than initially estimated by the Central Bank and market analysts. Economists consulted by ANBA ascribe the...

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11/28/07 Oil and Gas Auction Attracts Record Bids in Brazil

(RIO DE JANEIRO) -- The winning bids in the National Oil and Gas Agency's (ANP) auctions for oil and gas reserves on Tuesday amounted to a record 2.11 billion reais (1.15 billion U.S. dollars), the biggest figure ever reached in...

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11/26/07 Brazil: Agriculture's New Frontier

Land management is the biggest challenge for Brazilian agriculture. New policies are needed to make the sector sustainable. Brazil is one of the few countries with an abundance of both water and land available for agricultural...

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11/21/07 Brazil to Invest $23.5B in Technology

Brazil will invest 41.2 billion reals ($23.5 billion) in technology, science and innovation in the next three years, Brazilian President Luiz Inacio Lula da Silva announced Tuesday. The government said the investments are part of...

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