Brazil News
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Updated 26 minutes ago
Techint Group, through its Confab Industrial SA and Ternium SA units, is trying to obtain two syndicated loans totaling as much as $1.05 billion to finance the acquisition of a stake in Usinas Siderurgicas de Minas Gerais SA, according to two people familiar with the talks.
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Updated 2 hours, 54 minutes ago
The Standard & Poor’s GSCI gauge of 24 commodities climbed 0.5 percent to 703.11 at 4 p.m. in New York. The UBS Bloomberg CMCI index of 26 raw materials was rose 0.3 percent to 1,641.825 at 4:19 p.m.
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Updated 2 hours, 54 minutes ago
Most emerging-market stocks climbed as higher prices for oil boosted producers, offsetting data showing a contraction in manufacturing in Europe and China.
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Updated 1 hour, 25 minutes ago
Seed companies including Monsanto Co., the world’s largest, will get speedier regulatory reviews of their genetically modified crops under forthcoming rule changes, the U.S. Department of Agriculture said.
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The yen weakened to a seven-month low against the dollar as the highest yield premium on Treasuries when compared with Japanese debt since August damped the appeal of yen-denominated assets.
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Arabica-coffee futures fell the most in a week as stockpiles climbed and producers sought to increase sales in Brazil, the world’s top grower. Sugar and cocoa rose.
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Ceres Inc., a developer of energy crops used in the production of biofuels, rose 13 percent in its first day of trading.
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Venezuela’s bonds rose, sending yields relative to Treasuries to the lowest in 21 months, after President Hugo Chavez said he’ll travel to Cuba for another cancer operation, spurring speculation he may not be able to run in October elections.
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Al Khaleej Sugar Co., the world’s largest sugar refinery, is selling raw sugar from Brazil back to the world market as it expands purchases from India, according to Fazalur Rahman, general manager of finance.
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A senior investment banker at Credit Agricole SA told a London tribunal he was threatened and asked to quit after reporting his manager to human resources.
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