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Rio Fund Takes Piece of Brazil Broadcaster

Aug 26, 2008

Rio-based hedge fund Gavea Investimentos is looking at taking a 15% stake in RBS Comunicacoes, a broadcaster and a Globo affiliate based in the...

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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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