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News & Articles

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12/12/08 Brazil confirms tax cuts, central bank loans

Brazil's economic authorities said on Thursday the government would cut industrial taxes on car sales and financial taxes on consumer loans to help stimulate demand and stem a slowdown in economic growth. The central bank will...

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12/12/08 Brazil Announces $3.6 Billion Tax Cuts to Spur Growth

Brazil’s government will cut taxes by 8.4 billion reais ($3.6 billion) to revive the slowing economy and meet a 4 percent growth target next year, Finance Minister Guido Mantega said. The stimulus plan will also allow the central...

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12/11/08 Lenovo: Solace In Brazil?

Brazil's top PC maker looks attractive to Chinese and U.S. computer makers, to offset the global demand slide. With sales slowing in China, India and Russia amid a global demand slump, Lenovo has set its sights on Latin America....

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12/10/08 MEMBER NEWS: Falcon Real Estate Investment launches Americas Fund

Falcon Real Estate Investment has launched the Americas Real Estate Opportunity Fund, an umbrella vehicle with four main sub-funds in Argentina, Brazil, Colombia and the US. The first phase is scheduled to close in January 2009....

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12/09/08 Brazil GDP growth speeds up to 1.8 pct in 3rd qtr

Brazil's economic growth unexpectedly accelerated to 1.8 percent in the third quarter from the second, the government said on Tuesday, as the country showed signs of resisting the global downturn. The expansion of the gross...

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12/09/08 MEMBER NEWS: Felsberg e Associados Invests In Expansion of Labor Litigation Department

There seems to have been only good news at the offices of Felsberg e Associados this year. Following two mergers – with the offices of Paulo Bekin in São Paulo and Fábio Aguiar in Campinas – and the opening of two branch offices...

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12/04/08 Brazilian-American Chamber of Commerce launches Year-End Media Report

The Brazilian-American Chamber of Commerce, Inc. launched today the 2008 Year-End Media Placement and Impact Report. This report was designed to measure the impact of media relations efforts through print impressions (...

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12/02/08 MEMBER NEWS: Cosan Completes Acquisition Of Esso In Brazil

Brazil's largest sugar and ethanol group, Cosan Industria e Comercio SA (CSAN3.BR), completed the acquisition of Esso, ExxonMobil Corp.'s (XOM) distribution and service station business in Brazil, the company said late Monday in...

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12/02/08 Zell sees Brazil,Egypt best for property investment

l, Egypt, Mexico and China remain some of the best places for property investments as the global financial crisis drags on, real estate mogul Sam Zell said on Tuesday. Those countries have a shortage of affordable housing and...

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12/01/08 BRIC Shoppers Will ‘Rescue World’ Says Goldman Sachs Economist

The best hope to keep the global economy growing may be people like Wei Yufang. A peasant who farms a small plot beside the mud-brown Huaihe River in central China, Wei has a modest dream: to buy an air conditioner to give her...

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11/28/08 About Latin America

The Bush administration is leaving behind so much turmoil and resentment around the world that President-elect Barack Obama might be tempted to put off dealing with the nation’s extremely sour relations with Latin America. That...

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11/25/08 Finance Minister Mantega: Brazil GDP To Grow 4% In 09

Brazil's economy will expand by about 4% in 2009, despite the effects of the global economic slowdown, Finance Minister Guido Mantega said Monday. "The global economic crisis hit at a time when Brazil's economy was unusually...

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11/25/08 Brazil’s Bank Loan Issuance Rises in Early November

Brazilian bank loan issuance rose 5.7 percent in the first eight business days of November from the previous month, recovering from a drop in October that was caused by the global credit crunch. New loans increased after...

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11/24/08 MEMBER NEWS: Dell misses on sales, tops on profit

The computer maker struggles as the global economic slowdown pinches tech spending, and slashes expenses to beat their earnings forecast. Dell Inc., reporting lower quarterly earnings and revenue, said Thursday that the global...

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11/24/08 MEMBER NEWS: TAM celebrates the year as the largest Brazilian airline

Founded in 1976 with the commitment of  offering differentiated, high-quality service at competitive prices, TAM is now the largest airline company in Brazil and is currently striving to become one of the main carriers in the...

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11/20/08 Banco do Brasil To Pay $2.25 Billion for Nossa Caixa

Banco do Brasil SA, Brazil's largest government-controlled lender, is buying majority control of Banco Nossa Caixa SA for 5.39 billion reais ($2.25 billion) in cash after 7 months of negotiations. Federally controlled Banco do...

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11/18/08 Brazil Sept retail sales rise more than expected

Retail sales volume in Brazil expanded faster than expected in September from August as sales of office equipment, furniture and appliances jumped before the credit crunch took its economic toll, government data showed on Tuesday...

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11/17/08 Soros fund ups Petrobras stake

The hedge fund of billionaire investor George Soros increased its stake in Brazilian state-run oil company Petroleo Brasileiro ( Petrobras) to 21.1 million American Depositary Receipts as of Sept. 30 from 11.5 million at June 30...

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11/17/08 MEMBER NEWS: Embraer Wins Jet-Plane Orders Worth $208.2 Million

Empresa Brasileira de Aeronautica SA, the world's fourth-largest aircraft maker, said it received jet-plane orders valued at $208.2 million. Al Jaber Aviation, based in the United Arab Emirates, signed a $134.6 million contract...

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11/17/08 GM Brazil CEO: Company To Maintain Investment Plan

The local unit of General Motors Corp. (GM) will maintain its long-term investment plans in Brazil, despite financial problems at the U.S. parent company, the president of GM Brazil said Monday. "Investments here depend only on...

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