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Dilma Rousseff
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At least two dozen heads of state were due to attend Hugo Chavez's funeral on Friday during an outpouring of grief for the charismatic but divisive Venezuelan leader who changed the face of politics in South America.
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BRASILIA/ SAO PAULO, April 23- Brazil's government threw its sugar-ethanol industry a lifeline on Tuesday, by cutting taxes and sweetening credit for the struggling sector it hopes will resume investments in new biofuel plants to bolster output.
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*Brazil cuts PIS/Cofins tax, extends credit for ethanol storage. BRASILIA, April 23- Brazil will cut taxes and extend lines of credit for a struggling sugar cane ethanol industry that has lost market share to gasoline due to rising production costs, Finance Minister Guido Mantega said on Tuesday.
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*All-stock deal valued at $2.48 bln. *Adds to wave of buyouts in education sector. SAO PAULO, April 22- Kroton Educacional SA, Brazil's largest provider of undergraduate distance learning, plans to acquire rival Anhanguera Educacional Participacoes SA in an all-stock deal, the latest in a wave of buyouts in the country's red-hot education sector.
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*All-stock deal valued at approximately $2.48 bln. SAO PAULO, April 22- Kroton Educacional SA, Brazil's largest provider of undergraduate distance learning, plans to take over rival Anhanguera Educacional Participacoes SA in an all-stock deal, the latest in a wave of buyouts in the country's red-hot education sector.
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SAO PAULO, April 18- Brazil's new cycle of interest-rate hikes promises a measure of relief for private-sector banks, but some investors doubt that tighter monetary policy will bring shares of lenders big windfalls.
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FRANKFURT, April 18- While the world's leading central banks work with new tools to fix their flagging economies, those in many developing countries are still using old-fashioned interest rates to try to contain price rises.
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*More public spending to stoke already high inflation. BRASILIA, April 16- The Brazilian government's move to relax budget spending rules could undermine its own efforts to tame a surge in prices that threatens to put the brakes on growth in Latin America's largest economy.
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SAO PAULO/ RIO DE JANEIRO, April 12- Brazil's top two economic policymakers warned on Friday that high inflation will not be tolerated, bolstering speculation the central bank could raise interest rates as early as next week.
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SAO PAULO/ RIO DE JANEIRO, April 12- Brazil's top two economic policymakers warned on Friday that the government will act to clip the wings of high inflation, bolstering expectations that the central bank will lift interest rates from record lows as early as next week.
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SAO PAULO, April 10- Brazilian oil equipment company Lupatech SA failed to pay interest on $275 million of bonds in the latest sign of financial and operational strains facing companies in the once-thriving sector.
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*Boeing in the running for $4 bln Brazil fighter jets deal. The U.S. planemaker will establish the high-tech center in the city of Sao Jose dos Campos, in the interior of Brazil's Sao Paulo state, said Donna Hrinak, Boeing's top executive in the country, at the LAAD defense show in Rio de Janeiro.
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BRASILIA, April 8- Brazil's trade balance has worsened considerably this year, but a sudden jump in the import of capital goods points to a coming recovery in industrial production as businesses invest in new machinery to drive Latin America's largest economy.
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BRASILIA, April 8- Brazil's hydroelectric reservoirs are back to adequate levels and power shortages are a thing of the past with supplies comfortably exceeding national demand, Brazilian Mining and Energy Minister Edison Lobao said on Monday.
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SAO PAULO, April 4- She's one of the world's most popular presidents with an approval rating that is the envy of her peers in richer countries struggling with debt crises and political deadlock- 79 percent and rising. And yet, it's entirely possible that Dilma Rousseff could fail to win re-election as president of Brazil in October 2014.
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SAO PAULO, April 4- Automobile production in Brazil rose slightly in March but sales continued to lag compared with a year earlier, underscoring a fragile market that prompted the government to extend tax breaks on car and truck sales through the end of the year.
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BRASILIA, March 30- The Brazilian government postponed until next year increases in taxes on the sale of cars and trucks in a bid to stimulate demand for manufactured goods and spur economic growth, the Finance Ministry said on Saturday.
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*Deal should help German company grow outside Europe. *Batista lost about $20 bln of his fortune last year. SAO PAULO, March 28- Eike Batista, who lost the title of Brazil's richest man as his fortune shrank by two-thirds in the past year, agreed to sell a stake in power company MPX Energia SA to Germany's E.ON SE for about 2.1 billion reais.
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SAO PAULO, March 22- Brazil's inflation rose slightly less than expected in the month to mid-March, reinforcing bets that the central bank could wait until at least May to start raising interest rates. Brazil's benchmark IPCA-15 price index rose 0.49 percent, slowing from a 0.68 percent advance in the month to mid-February, statistics agency IBGE said on Friday.
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SAO PAULO, March 22- Brazil's inflation rose slightly less than expected in the month to mid-March, reinforcing bets that the central bank could wait until at least May to start raising interest rates. Brazil's benchmark IPCA-15 price index rose 0.49 percent, slowing from a 0.68 percent advance in the month to mid-February, statistics agency IBGE said on Friday.
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* "Maduro win would be best"- Brazil's foreign trade lobby. Over the past decade, Brazil's exports to Venezuela soared by 533 percent to some $5 billion, making it Brazil's second largest market in Latin America after Argentina, both major buyers of Brazilian manufactured goods. Economists say Brazil's investments in Venezuela are around $20 billion.