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UN in Brazil Announces Food Prices Are Starting to Fall Worldwide
United Nations Food and Agriculture Organization's (FAO) projections point to a gradual reduction in the prices of certain foodstuffs. The information was published on the website of the UN...
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Brazilian Coffee's Defense Fund Gets US$ 1.3 Bi from Government
The Brazilian Ministry of Agriculture and the National Monetary Council (CMN) allocated around 2.2 billion Brazilian reais (US$ 1.3 billion) to the Coffee Economy Defense Fund (Funcafé). The amount...
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Brazil's Eletrobrás Makes US$ 507 Million, a 261% Rise
Brazil's state-owned Eletrobrás Group, which operates in the field of power generation and supply, ended the first three months of 2008 with net profit of 841.5 million reais (US$...
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Despite Lower Dollar Brazilian Shoemaker Wants to Export More
Grendene, a shoe company from Brazil, has expanded the volume of its exports by 41.7% in the first quarter of this year. The company shipped 18.6 million pairs of...
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It's Official: Bank of Brazil Opens Branch at Emirates Towers in Dubai
Banco do Brasil (Bank of Brazil) is going to officially inaugurate its representation office in Dubai, in the United Arab Emirates, next Sunday, May 18. The office will be...
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Fearing Inflation Brazil Gets Ready to Hike Interest Rates
The president of Brazil's Central Bank, Henrique de Campos Meirelles said that his bank is ready to cap pressure on prices with the purpose of keeping inflation under control...
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Marijuana Marchers Stopped and Arrested in Brazil
A series of judicial decisions prevented Brazilians from marching for the legalization of marijuana in nine capitals of Brazil's states. The marches were scheduled to take place on May...
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After Three Months of Decline Brazil's Petrobras Grows Again
Average production of oil and natural gas by Brazilian state-controlled oil company Petrobras in the country, in April, was 2.157 million barrels of oil equivalent per day, growth of...
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Sales Jump 1.5% in Brazil. Clothes Up, Books Down
Compared with the previous month, retail trade sales grew 1.8% in March, in Brazil, according to the Brazilian Institute of Geography and Statistics (IBGE). The sector posted a 2.3%...
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Best Performance in Seven Years for Brazil's Small Businesses
Revenues of micro and small businesses in the southeastern Brazilian state of São Paulo grew 2.4% in the first quarter of 2008 in comparison with the same period of...
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Brazilian Seeks Foreign Partner for His Organic Hibiscus Goodies
It took four years of research on hibiscus flowers, a plant of African and Asian origin well adapted to Brazil, before businessman Fernando Gama established Flor dos Hibiscus (Hibiscus...
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Bank of Brazil Grows 93%, Posts US$ 1.3 Billion First Quarter Net Profit
Banco do Brasil (Bank of Brazil) posted net profit of 2.3 billion reais (US$ 1.3 billion) in the first quarter of 2008. According to a report disclosed this Wednesday,...
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Marriott Brazil Wants Muslims to Feel at Home and Offers Mecca Compass
Eyeing Arab clients Marriott Brazil chain is offering in its luxury hotels exclusive services to Muslims. The differentiated services are provided in the JW Marriott, in Rio de Janeiro,...
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Higher Oil Price Boosts Brazil Imports from Arabs by 69%
Brazilian imports from the Arab countries posted significant growth in the first four months of this year. They rose from US$ 1.7 billion between January and April last year...
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New 'Teams' of Brazilians in Formula Indy
From 2001 through 2003 Brazilians Hélio ('Spiderman') Castroneves and Gil de Ferran constituted the entire complement of drivers for legendary Penske racing at the Indianapolis Motor Speedway, or 'Brickyard.'...
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Brazil's Lula Hurt and Mad at Environment Minister's Resignation
Brazilian President, Luiz Inácio Lula da Silva, compared this Wednesday, May 14, the decision of his Environment minister to resign to a child telling his parents that he or...
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Brazil Looks for a Greater Role in Building Libya
Brazil's Foreign minister, Celso Amorim, discussed the need for a direct flight between Brazil and Libya with authorities in the Arab country. Amorim visited the Libyan capital after participating,...
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Brazil Promises to Boost Software Sales by 500%. Some Are Skeptical
Brazil's software sector should rise its exports from US$ 100 million to US$ 500 million and job creation should grow 20% with the measures announced by the Brazilian federal...
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Brazil Triples Funds for Exports to Close to US$ 800 Million
Brazil's federal government is going to nearly triple the funds for its Export Financing Program (Proex) in 2008. Instead of the forecasted 500 million reais (US$ 298.6 million), the...
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Brazil's Petrobras Investing US$ 55 Billion in 2008
Almir Barbassa. the Financial director of state-controlled Brazilian oil multinational Petrobras, informed that investment at the oil company this year should total from US$ 54 billion to US$ 55...
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The Lure of Brazil as World's Breadbasket
Brazil's minister of Agriculture, Livestock and Supply, Reinhold Stephanes, claims that the Arab countries are a great market for national agribusiness. However, he defends that partnerships with the region...
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Brazil and Emirates Talk Exports
Opportunities for exports of services from Brazil to the United Arab Emirates were among the main topics discussed this Monday, May 12, in the Brazil-United Arab Emirates Bilateral...
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Brazilian Muscle Back at the Indy 500 Track
The first day of qualifications for 92nd running of the Indianapolis 500 failed to stand up to the 2007 tension filled Brazilian duel in which Hélio Castroneves grabbed the...
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Brazil Puts on Show of Beauty and Culture at Beautyworld Middle East
Brazil wants to attract attention at Beautyworld Middle East, a beauty, cosmetics and perfumery sector fair to take place from May 18 to 20 in Dubai, in the United...
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Brazil Gets Lion Share of Foreign Investment in Latin America
Foreign direct investment (FDI) in Latin America and the Caribbean was record last year, reaching almost US$ 106 billion, according to figures disclosed by the Economic Commission for Latin...
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Portugal Company Has Energy Plans for Brazil Including Wind Power
Portuguese energy sector company Energias de Portugal (EDP), is discussing with the Algerian Sonatrach and with Brazilian partners the possibility of building liquefied natural gas terminals in Brazil to...
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Brazil's Coffee Crop Up 35%, Second Best in 10 Years
Brazil, this year, is expecting its second largest coffee crop in the last ten years, totaling 45.5 million 60-kilogram bags. The estimate was disclosed last week by the Brazilian...
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Arab Bank in Brazil Grows Over 100% in First Quarter
Bank ABC Brazil, controlled by the Arab Banking Corporation, headquartered in Bahrain, posted net profit of 38 million reais (US$ 22.4 million) in the first quarter this year, growth...
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Brazil Inflation Surpasses Government Target and Reaches 5.04%
The Consumer Prices Index in Brazil experienced its biggest increase in four months in April, 0.55% (up from March's 0.48%) because of higher food costs, according to the Brazilian...
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In Brazil's Energy Matrix Ethanol Surpasses Hydroenergy
Sugarcane and cane-based ethanol became a more important energy source than hydroelectric power in Brazil's overall energy production last year, topped only by petroleum and oil products according to...
