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09/11/08 Brazil mining sector eyes US$57B in investment

The Brazilian Mining Association says it expects investments to expand the nation's mining industry will reach US$57 billion in the next four years. The group predicts the iron sector will see an estimated US$37 billion in...

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09/10/08 Global auto industry bets big on red-hot Brazil

Just a few years ago, most car manufacturers in Brazil were losing money and laying off workers in droves as the huge market they anticipated had not materialized. But these days, business is so good that automakers are adding...

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09/09/08 Brazil well positioned in carbon credits market

"Brazil is uniquely able to supply forest carbon credits," said Ruben Kraiem, Partner at Covington & Burling LLP, this morning at a breakfast held by The Brazilian-American Chamber of Commerce, Inc. Today, the prospect of the...

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09/04/08 Lula wets his hands in Brazil's new oil wealth

Brazil's President Luiz Inacio Lula da Silva dipped his hands in the first oil from vast new reserves on Tuesday, symbolizing the start of what could be a new era for Latin America's largest economy. Wearing orange overalls and...

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09/04/08 Brazil may challenge U.S. ethanol tariffs before WTO

Brazilian Foreign Minister Celso Amorim said Sept. 2 that there is a strong possibility that Brazil will challenge American ethanol tariffs before the World Trade Organization.  Brazil is the world's leading ethanol exporter but...

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08/29/08 Brazil Lula says subsalt will strengthen Petrobras

President Luiz Inacio Lula da Silva said on Thursday that recent massive oil discoveries off Brazil's coast will make state-run energy company Petrobras (PETR4.SA: Quote, Profile, Research, Stock Buzz)(PBR.N: Quote, Profile,...

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08/28/08 Delta Adds Brazil's Amazon Region, Beaches of Northeast Coast to Growing Service Between Atlanta and Latin America

Delta Air Lines announced it will offer two new direct flights between the United States and Brazil, offering convenient access for customers traveling to the Amazon region and to two of the most popular beach destinations in the...

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08/28/08 As Food Prices Soar, Brazil and Argentina React in Opposite Ways

Luciano Alves planted beans, corn and grain on about 7,500 acres of his farm in southern Brazil last year. This year, he is planting 8,600 acres. And he credits Brazil’s president, Luiz Inácio Lula da Silva, with the increase. “...

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08/26/08 Brazil's Cosan and U.S. investor team to buy land

Brazil's largest sugar and ethanol producer has teamed up with an American investment group to buy farm land in Latin America's biggest country, a company spokeswoman said Tuesday. Cosan SA Industria e Comercio will soon announce...

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08/25/08 American Airlines to Expand Service to Brazil This Fall With the Addition of Three New Destinations

Belo Horizonte, Salvador de Bahia, and Recife to Join AA Network in November  American Airlines will add three destinations in Brazil to its route network in November, further growing its presence in South America's largest...

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08/22/08 Brazil's Mid-August Inflation Slows for Second Month

Brazil's inflation through mid- August decelerated to the slowest pace in five months, bolstering confidence that the central bank will bring consumer prices back to target next year. The inflation rate as measured by the...

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08/21/08 Brazil to Invest Part of Oil Revenue in Fund Abroad

Brazil's government plans to invest part of the revenue from its new offshore oil discoveries outside the country to avoid fueling inflation and a currency rally at home, Finance Minister Guido Mantega said. ``A part (of the...

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08/20/08 Brazil's CSN Rises as Deutsche Tells Investors to Buy

Cia. Siderurgica Nacional SA, Brazil's third-biggest steelmaker, rose the most this month in Sao Paulo trading after Deutsche Bank AG recommended investors buy the stock on the outlook for metal prices. CSN climbed 5.4 percent to...

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08/18/08 President of the Central Bank of Brazil Talks about the Country's Dividends of Stability

Brazil is enjoying "the dividends of stability," said Henrique de Campos Meirelles, president of the Central Bank of Brazil, this morning at the Brazilian-American Chamber of Commerce. The president of the Central Bank delivered...

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08/15/08 Banco do Brasil Posts Higher Net as Lending Increases

Banco do Brasil SA, Latin America's largest bank by assets, said second-quarter profit soared 54 percent, boosted by Brazil's nationwide lending boom and a one- time gain from selling shares in Telemar Participacoes. Net income...

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08/14/08 Wal-Mart to make $1 billion expansion in Brazil

Wal-Mart Stores Inc. announced on Wednesday that it will invest the equivalent of at least $1 billion in Brazil to expand its operations in Latin America's biggest country. The announcement was made in a statement issued shortly...

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08/12/08 Brazil Sugar Maker Biagi to Invest $250 Million in Electricity

Maurilio Biagi Filho, the world's second-biggest sugar-cane grower, will spend about $250 million to quadruple electricity generation at his mills to tap rising demand for energy in Latin America's biggest economy. The spending...

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08/11/08 ArcelorMittal to Buy 49% of Brazilian Iron-Ore Miner

 ArcelorMittal, the world's biggest steelmaker, agreed to buy 49 percent of Brazilian mining company Mineracao Piramide Participacoes Ltda. The price for the company, which explores for iron ore and manganese in Corumba, in the...

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08/08/08 BG strikes oil in Santos Basin off Brazil coast

BG Group Plc has made a "material" new oil discovery at its Iara well in Brazil's subsalt reserves, its sixth-straight success in the deep water Santos Basin since drilling began, the British gas producer said on Friday. BG...

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08/07/08 Brazil's Lula prods U.S., China to restart trade talks

Brazil's President Luiz Inacio Lula da Silva said on Thursday that he had contacted the U.S. and Chinese presidents to discuss reviving the global trade talks, which collapsed last month. Lula, who was in the Chinese capital for...

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