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Brazil's Usiminas says board approved 1 bln real capital increase

2016-03-15 01:55:57| Steel - Topix.net

The board of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA approved a 1 billion real capital increase, Usiminas said on Monday.

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Brazil's ex-president Lula detained for questioning in anti-graft bust

2016-03-04 17:35:00| Oil & Gas - Topix.net

Brazil's federal police detained former president Luiz Inacio Lula da Silva for questioning today in a anti-corruption and money laundering operation and said that illegal gains had financed campaigns and expenses of the ruling Workers Party. Police said they had evidence that Lula received illicit benefits from the kick-back scheme at state oil firm Petroleo Brasileiro SA in the form of payments and luxury real estate.

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Brazil's Clean-Energy Boom Running Out of Steam

2016-03-04 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Brazils renewable energy industry is poised for a setback this year as the slumping economy dries up credit, curbs power demand and threatens new transmission lines needed to connect projects to the grid. Following years of growth that made Brazil the worlds 10th biggest wind market, the industry is revising down the amount of new capacity expected in 2016, along with the number of new wind projects expected to win contracts at government auctions. President Dilma Rousseff is facing issues including...

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