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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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11/21/07 Germans Consider Stepping Up Purchase of Brazil's High-Tech Goods

Germany's Economy Minister, Michael Gloss, suggested that Brazil might increase its sales of high-tech products and improve the quality of its export basket to Germany. Gloss talked during a press conference prior to the 2007...

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11/21/07 Brazil, Mexico Drive Strong Growth in LatAm Real Estate Sector

The U.S. subprime crisis is having a minimal impact on Latin America's fast-growing real estate sector. Brazil, Mexico and Chile are clearly driving the growth trend. While the U.S. subprime crisis is causing concern in the...

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11/21/07 CVRD and Dongkuk Agree on Steel Plant in Brazil

Brazilian mining giant CVRD and South Korea's Dongkuk have agreed in principle to build a $2 billion steel plant in northeastern Brazil, officials said on Tuesday. It is the fifth joint venture in three years between CVRD (VALE5....

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11/13/07 What's Ahead for Business in Brazil

A pivotal moment has arrived for corporate Brazil: the economy as a whole is healthier, just as some of the country’s biggest industries are enjoying a strong competitive position. With plenty of global liquidity and better...

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11/12/07 Brazil's Embraer Says 3Q Profits Rose 87% Amid Record Deliveries

(Rio de Janeiro) Brazil's Embraer, the world's fourth-largest commercial aircraft maker, reported an 87% rise in third-quarter profits as deliveries hit record levels. Empresa Brasileira de Aeronautica SA's July-September net...

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11/09/07 Brazil Announces New Oil Reserves

The Brazilian government says huge new oil reserves discovered off its coast could turn the country into one of the biggest oil producers in the world.  Petrobras, Brazil's national oil company, says it believes the offshore Tupi...

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11/08/07 Food Prices Push up Brazil's Consumer Price Index up 0.3% in October

Rising food prices pushed Brazil's consumer price index up 0.3 percent in October, putting the country's annual inflation rate at 4.12 percent, the government statistics bureau IBGE said Wednesday. The monthly IPCA inflation...

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11/07/07 Brazil Stocks, Real Rise on Global Market Gains

Brazil's stock market rallied and the currency firmed on Tuesday as stronger markets in Europe and the United States helped boost expectations of capital inflows to the country. The Bovespa index (.BVSP: Quote, Profile, Research...

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11/06/07 Brazil Sees Progress in Doha Talks, EU Cautious

(Rio de Janeiro)  – Brazil believes considerable progress is possible toward clinching a global trade deal before the end of the year, while the EU wants increased access to developing countries, officials said Monday. “Today we...

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11/06/07 Brazil Wireless: More Competition?

Brazil's Anatel approved the acquisition by Spain's Telefonica and its Italian partners of an indirect controlling stake in Telecom Italia, but on the condition that they keep their operations in Brazil separate. Will the deal as...

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11/04/07 Brazil's Booming Tourism

A number of factors are aiding profits for Brazilian real estate investments, including increasing tourism-related foreign direct investment as well as land prices. Brazil's tourism industry is booming.  The sector has...

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10/24/07 Brazil’s Finance Minister Pursues Higher Profile Role for Nation on Global Stage

Washington D.C. (October 23, 2007) — During his keynote address at the 2007 Brazil Economic Conference yesterday at the Mayflower in Washington D.C., H.E. Guido Mantega, Finance Minister of Brazil, underscored the increasing...

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10/15/07 Brazil, US Executives Seek May '08 Deadline For Dual Tax Treaty

Executives from top corporations in Brazil and the US have proposed a May 2008 deadline for the two countries to negotiate a treaty eliminating dual taxation. The proposal was among a group of recommendations formalized at a...

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10/11/07 What's Driving Brazil M&A?

Two renowned experts recently weighted in on what is driving M&A activity in Brazil this year and what kinds of reforms are needed to spur additional growth. According to Brazil’s national association of investment banks,...

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10/05/07 Brazil is the Fifth Most Attractive Country for Investment

São Paulo – Brazil ranks fifth in the ranking of most attractive countries for foreign direct investment (FDI), losing only to China, India, the United States, and Russia. The figures were taken from a survey disclosed yesterday...

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10/01/07 Brazil Sambas onto Offshore Outsourcing Stage

Offshore outsourcing managers used to traveling back and forth to Bangalore may be trading in those frequent flier miles for tickets to São Paulo or Rio. And not for any muchneeded R&R. Some IT organizations experienced in...

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10/01/07 Thanks to Agribusiness, São Paulo Accounts for 31% of Brazil's GDP

São Paulo's trade surplus was a whopping US$ 6.92 billion between January and August of 2007. Exports totaled US$ 10.36 billion and imports reached US$ 3.44 billion. The surplus was up 8.6% vis-a-vis the same period in 2006, and...

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09/27/07 Global Outlook: Implications for LatAm

Following the best growth performance in over thirty years, and after an exceptionally vibrant period in financial markets, the global economy today is facing financial market turbulence that could undermine what had been viewed...

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09/18/07 Brazil's Leader Seeks Spanish Investment

Brazil's president urged Spanish business leaders Monday to take part in a 150 billion euro ($210 billion) development plan for his country. Luiz Inacio Lula da Silva said Spanish companies should team up with Brazilian firms or...

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