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05/15/09 Edelman Executives to discuss the state of trust in Brazilian companies at Chamber Event

 The Brazilian-American Chamber of Commerce event will hold a breakfast seminar on the Brazilian Trust Barometer* on Tuesday, May 19th, at the offices of Shearman & Sterling LLP (599 Lexington Avenue, corner of 53rd Street)....

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05/14/09 Brazil Petrobras Expects To Meet 2009 Output Targets

With a fresh daily production record in hand, Brazilian state-run oil firm Petrobras (PBR) expects to hit its domestic oil and gas production targets in 2009, the company's CFO said Wednesday. The optimism at Petrobras, which has...

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05/14/09 Brazil To Tax Savings Accounts From 2010 To Deter Investors

 SAO PAULO (Dow Jones)--Brazil's government will start taxing savings accounts beginning 2010 and reduce taxes on fixed-income funds in order to discourage investors migrating from local treasury bonds, Finance Minister Guido...

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05/14/09 Fitch Ratings Affirms Brazil at 'BBB-'; Outlook Stable

Fitch Ratings today has affirmed Brazil's long-term foreign and local currency sovereign Issuer Default Ratings (IDR) at 'BBB-'. The Rating Outlooks on the long-term IDRs are Stable. At the same time, the agency has affirmed...

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05/13/09 Brazil: The Crafty Superpower

On April 27 2009, Brazil was on the cover of Newsweek Magazine as "The Crafty Superpower".  The special feature by Mac Margolis describes how Brazil might have became a solid free-market democracy and how Lula's government has...

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05/11/09 MEMBER NEWS: Brazil Creating ‘Champions’ With $58 Billion Loans: Week Ahead

Brazil’s state development bank is financing the biggest acquisitions in the country as other sources of credit dry up, driving a consolidation in the meat, ethanol, paper and telecom industries. “They are trying to help the...

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05/11/09 Brazil’s Real Stronger Early; Market Eyes Commodities

Brazil's real strengthened in early trading Monday as investors tracked trends in commodities prices to gauge prospects for the local currency. As of 1330 GMT, the real traded at BRL2.073 per dollar after ending at BRL2.078 per...

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05/01/09 Brazil Primary Budget Surplus Widens To BRL11.6B

Buoyed by rising tax revenue, Brazil's public sector primary budget surplus widened in March to 11.6 billion Brazilian reals ($5.3 billion), the Brazilian Central Bank said Thursday. Tax revenue rose in March to BRL53.3 billion...

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05/01/09 Currency Experts to discuss the Brazilian Real on Chamber event

New York, NY, May 1 - Seemingly unaffected by global events as late as in August 2008, the Brazilian real stumbled in September and dropped precipitously by December 2008, to recover only partially since. Today, the outlook for...

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05/01/09 “Clean Ethanol: Growth Amidst Crisis” gathers industry leaders to discuss the alternative energy field in Brazil

New York, NY, May 1 – On Thursday, May 7, the Brazilian-American Chamber of Commerce will bring together an outstanding panel of experts to provide an outlook of the ethanol market in Brazil. The Breakfast Seminar “Clean Ethanol...

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04/30/09 Brazil Primary Budget Surplus Widens To BRL11.6B

Buoyed by rising tax revenue, Brazil's public sector primary budget surplus widened in March to 11.6 billion Brazilian reals ($5.3 billion), the Brazilian Central Bank said Thursday. Tax revenue rose in March to BRL53.3 billion...

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04/29/09 Brazil Exchange Names Ex-Central Bank Chief Fraga Chairman

Brazil's newly unified financial exchange, the BM&FBovespa (BVMF3.BR), on Tuesday elected former central bank president Arminio Fraga as chairman of the exchange's board of directors. In accepting the post, Fraga said, "The...

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04/28/09 MEMBER NEWS: TAM and Air Canada extend partnership to benefit frequent flyers

TAM and Air Canada, a founding member of Star Alliance, today announced that they will start implementing a bilateral agreement that will allow members of TAM Fidelidade or Air Canada’s  Aeroplan programs to earn and redeem...

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04/22/09 MEMBER NEWS: Neeleman Expects Profit as Brazil’s Azul Air Flies 70% Full

Azul Linhas Aereas Brasileiras, the startup Brazilian airline founded by David Neeleman, said it’s filling more seats than the country’s biggest carriers and expects to be making monthly profits by year’s end. Paying passengers...

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04/20/09 Decree Brings Brazilian Firms Closer To Getting Tax Advantages in Export Zones

Brazil's President Luiz Inacio Lula da Silva April 9 signed a decree creating the regulatory organ for companies in special export processing zones to receive tax advantages. These zones, called ZPEs, were created by a 1988 law,...

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04/20/09 Brazil says summit sets new era for US-Latam relations

Brazil's President Luiz Inacio Lula da Silva said on Sunday the Summit of the Americas had created a chance for a new era in relations between the United States and Latin America. He was speaking at the end of the summit in...

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04/16/09 Brazil Antitrust Panel Approves Unibanco, AIG Deal

The Brazilian Justice Ministry's Antitrust Division, known as Cade, has approved the acquisition of local assets of American International Group Inc. (AIG) by Unibanco, Cade announced late Wednesday. Last year, Unibanco acquired...

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04/15/09 Brazil's Lower House Approves Sovereign Wealth Fund

The lower house of the Brazilian Congress on Tuesday night approved legislation making an existing Sovereign Wealth Fund into a permanent fixture. The Chamber of Deputies voted 274-102 to approve a government bill making the fund...

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04/15/09 MEMBER NEWS: Brazil's Lower House Approves Sovereign Wealth Fund

Lakeland Industries, Inc. Reports Fourth Quarter and Full Fiscal Year 2009 Financial Results Achieves 17th Consecutive Year of Profitability on Highest Annual Revenue in Company History Amid Global Recession Lakeland Industries,...

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04/15/09 2009 Brazil Summit to be Held in Association with APEX-Brasil

APEX-Brasil, an autonomous agency that works in association with the Brazilian Ministry of Development, Industry and Foreign Trade, will be an Associate sponsor of the 2009 Brazil Summit. The Chamber is extremely proud to partner...

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