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Citi Buys Brazil Pulp

Aug 22, 2007

Citi has upgraded its ratings on Aracruz, Suzano, and VCP to buy from hold and sees the recent pull back as an attractive entry point. "In the short term,...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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