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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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08/07/08 Brazil's Soybean Crop May Rise More Than Previously Forecast

Soybean output in Brazil, the world's second-biggest producer, will rise more than previously forecast, the government said. Brazilian farmers will harvest 60.1 million metric tons of the oilseed, compared with a July forecast of...

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08/07/08 Vale Shares May Rally as Iron-Ore Price Fuels Record Profit

 Cia. Vale do Rio Doce, the world's biggest iron-ore producer, will probably rise in trading today after the company said second-quarter profit increased 22 percent to a record, beating analysts' forecasts. Net income climbed to...

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08/07/08 ArcelorMittal to invest additional $1.6bn in Brazil

ArcelorMittal on Thursday unveiled plans to invest $1.6 billion in its long carbon steel operations in Brazil. This comes on top of the $1.2 billion investment previously announced for the expansion of the company's Monlevade...

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08/07/08 Why Brazil is a BRIC in IT

In the context of a global and connected economy driven by technological innovations, developing countries face the challenge of establishing an appropriate basis for building their capacity to create and develop knowledge and...

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08/07/08 2Q profits for Brazil miner Vale soar 22 percent

Brazil's Vale mining company will set new output and profit highs in 2008 as demand for iron ore soars in emerging economies, the company's chief executive predicted on Thursday, after Vale reported record second-quarter profits...

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08/03/08 Brazil Creates $21 Billion Fund to Slow Amazon Deforestation

Brazilian President Luiz Inacio Lula da Silva signed a decree creating an international fund that will seek to raise $21 billion over the next 13 years to fight deforestation in the Amazon. Norway will be the fund's first donor,...

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08/01/08 Brazilian Beef Clan Goes Global As Troubles Hit Market

"There are no limits" to expansion opportunities, says José Batista Jr., the founder's 48-year-old eldest son, who is member of the JBS board. The senior José Batista got his start a half century ago buying cows and selling them...

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07/31/08 Strong Economy Propels Brazil to World Stage

Desperate to escape her hand-to-mouth existence in one of Brazil’s poorest regions, Maria Benedita Sousa used a small loan five years ago to buy two sewing machines and start her own business making women’s underwear.Today Ms....

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07/30/08 Doha Collapse Slows Brazil's Rise on Global Stage

The collapse of world trade talks will not hit Brazil's booming economy immediately but the failure to gain new markets for its farm exports and to expose industry to more competition may slow its ascent to becoming a global...

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07/29/08 Brazil's oil giant Petrobras ranks second largest company in Latin America

    Brazil's state-owned oil and gas giant Petrobras ranked the second of the 500 largest companies in Latin America in 2007, the Chilean magazine America Economia reported Monday.     Brazilian companies occupied 210 of the 500...

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07/29/08 ADM to start ethanol production in Brazil

U.S. food and grains company Archer Daniels Midland will start cane-based ethanol production in Brazil with local partners, a Brazilian newspaper said on Monday. The company will participate in joint ventures to open two mills,...

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07/29/08 Analysts Share their Outlook for Brazil at Chamber Seminar

"My view is that if the global slow-down continues to see a continuous decoupling as it has seen in the past twelve-months, the risks to Brazil will be greater," said Gray Newman, managing director of the Latin American...

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07/28/08 Brazil's Central Bank May Say 2009 Outlook Worsened: Week Ahead

Brazil's central bank may say its outlook for 2009 inflation has worsened, stoking speculation policy makers will continue to raise interest rates faster than economists estimated. The minutes of bank's board July 22-23 meeting,...

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