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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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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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