Brazil News
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Updated 57 minutes ago
Warren Buffett said his Berkshire Hathaway Inc. was willing to invest $12.1 billion alongside 3G Capital in a deal for HJ Heinz Co. because of his faith in the buyout firm led by Jorge Paulo Lemann.
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Updated 55 minutes ago
Mukesh Ambani, chairman of India’s Reliance Industries Ltd., is in talks to buy New York-based talent agency IMG Worldwide Inc., the Indian Express newspaper reported today, citing an unidentified Reliance official.
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Brazil will hold an auction on Aug. 29 for contracts to sell energy from power projects including coal plants which were previously banned from the events.
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The Ibovespa posted a weekly gain as a bigger-than-forecast increase in U.S. employment sparked a commodities rally, boosting Brazilian exporters.
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Emerging stocks rose, posting the biggest weekly advance since January, as better-than-forecast U.S. jobs data bolstered optimism about global economic growth. Commodity companies paced rallies from Russia to Brazil.
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Brazil’s spot energy prices rise to $343.51 MW/hour for the week beginning May 4 from $282.03 MW/hour the prior week, according to Brazil’s electricity trading board.
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General Electric Co., the U.S. power- equipment supplier, will sell 1.8 billion reais ($895.3 million) of turbines to Bioenergy Geradora de Energia Ltda., a Brazilian company seeking to develop the world’s cheapest wind energy.
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Coffee producers in Brazil, the world’s largest grower, are holding back beans on speculation the government will raise the minimum price for the commodity, according to Rio de Janeiro-based Flavour Coffee.
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Brazil’s swap rates climbed as U.S. employment gains prompted traders to step up wagers that the South American country’s central bank will seek bigger increases in borrowing costs as it tries to contain inflation.
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Updated 2 hours, 50 minutes ago
Japan’s Mitsubishi Heavy Industries Ltd. and Areva SA of France signed a $22 billion agreement today to build a nuclear power plant in Turkey, the first major order for Japan since the Fukushima disaster in 2011.
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