Asian stocks are more attractive than those in Brazil amid a “pause” in the emerging-markets rally, CLSA Asia-Pacific Markets said.
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Asia Stocks Are More Attractive Than Brazil’s, CLSA’s Wood Says
El Tejar SA, Argentina’s largest agricultural producer, is weighing an initial public offering in New York to tap rising investor demand for farming assets.
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Hedge Fund-Backed Farm Group Tejar Weighs U.S. IPO (Update1)
BP Plc will pay Devon Energy Corp. $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that may extend its production lead over Exxon Mobil Corp.
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BP Pays $7 Billion for Devon Assets in Brazil, Gulf (Update3)
BP Plc, Europe’s largest oil and gas company, will pay Devon Energy Corp. $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that may extend its production lead over Exxon Mobil Corp.
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BP Pays $7 Billion for Devon Assets in Brazil, Gulf (Update1)
LONDON (Reuters) – London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
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BP to pay Devon $7 billion for oil fields
Brazil will raise tariffs on 102 U.S. exports, including wheat, cars, boats and chewing gum, and break patents worth $238 million in a bid to force the U.S. to end subsidies to cotton producers.
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Brazil Raises Tariffs on U.S. Goods, to Break Patents (Update3)
Brazil will raise tariffs on 102 U.S.-made products, including cars, boats and chewing gum, for 365 days in retaliation for subsidies paid to U.S. cotton producers, Trade Minister Miguel Jorge said.
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Brazil Raises Tariffs on 102 U.S. Goods in WTO Fight (Update1)
Brazil’s economy may overheat as too much foreign investment flows into the country, said Luciano Coutinho, president of state development bank BNDES.
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Brazil May Overheat on Investments, Coutinho Says (Update1)
Secretary of State Hillary Clinton, in Brazil to seek support for tougher United Nations penalties on Iran’s suspected nuclear weapons program, said the U.S. believes Iran won’t negotiate until sanctions are imposed.
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Clinton Says Iran Won’t Negotiate Before Sanctions (Update3)
Brazil’s real is set for the biggest gain in the world this month as economic growth accelerates and the central bank prepares to raise benchmark borrowing costs to curb inflation.
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Brazil’s Real Heads for Biggest Advance in World This Month
Brazil’s central bank probably will raise interest rates next month for the first time since September 2008 after accelerating economic growth allowed it to withdraw stimulus measures, Goldman Sachs Group Inc. and Itau Unibanco Holding SA said.
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Brazil May Raise Rates in March on Stimulus Removal (Update2)
Barack Obama couldn’t have imagined that a casual exchange with Brazil’s president would complicate U.S. efforts to prevent Iran from developing nuclear weapons.
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Obama’s ‘Man’ Goes Nuclear as Global Fixer: Alexandre Marinis
Brazil has told the U.S. and France that it doesn’t support tougher United Nations sanctions on Iran and will continue, over the objections of the Obama administration, to seek more trade with the Islamic government.
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Brazil Resists Push for Tougher Sanctions on Iran, Envoy Says
Pacific Investment Management Co., manager of the world’s biggest bond fund, posted its best year in emerging markets by loading up on Brazilian debt ahead of the 2002 presidential elections. Eight years later, the company is using a similar tack.
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Pimco Buys Brazil Debt in Redux of Lula Bet in 2002 (Update1)
Camargo Correa SA and Votorantim Cimentos SA’s planned acquisitions of stakes in Cimpor-Cimentos de Portugal SGPS may face regulatory hurdles in Brazil amid “robust” indications that a cement cartel already exists, the head of Brazil’s antitrust agency said.
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Cimpor Deal May Be Hindered by Signs of Brazil Cartel (Update1)