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BHP, Rio Breakdown a Boon for Vale

Nov 26, 2008

A breakdown in merger talks between global mining concerns BHP Billiton and Rio Tinto Tuesday is marginally positive news for Brazilian...

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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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