Minas Gerais News
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Brazilian President Dilma Rousseff will have support in Congress to raise taxes on mining companies even as she struggles to win backing from her allies on other key measures, said Antonio Anastasia, governor of Minas Gerais state.
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Emerging-market stocks capped their first weekly decline in a month as the longest slide in gold since 2009 dragged down producers. Russian shares surged.
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Toshiba Corp., the Japanese maker of flash-memory chips, elevators and steam turbines, has begun production of power transformers at a new plant in Brazil.
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Ibovespa futures dropped as lower metal prices dimmed the outlook for raw-material exports amid concern growth is slowing in China, Brazil’s top trading partner.
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Patria Investimentos SA, the private- equity fund partially owned by Blackstone Group LP, and Kinea Investimentos Ltda are buying medical-diagnostic providers, betting a slowdown at insurers that pay for tests is temporary.
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Cia. de Saneamento de Minas Gerais, Brazil’s second-biggest water utility by market value, will invest 900 million reais ($449 million) this year in infrastructure including 80 sewage-treatment plants.
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The Ibovespa fell, trimming a weekly gain, as pulp maker Fibria Celulose SA led commodities producers lower after a report that showed slower-than-forecast U.S. growth dimmed the outlook for Brazilian exports.
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Emerging-market stocks fell, paring a weekly advance in the benchmark index, as declines in commodity producers overshadowed gains in Chinese banks.
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Usinas Siderurgicas de Minas Gerais SA, the second-largest Brazilian steelmaker by output, fell the most among global peers after reporting a quarterly loss that exceeded analysts’ estimates.
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Credit Suisse Group AG and JPMorgan Chase & Co. are selling to investors through pass-through notes a $1.27 billion loan made to the Brazilian state of Minas Gerais, according to people familiar with the matter.
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