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Petrobras Rolls Short Debt to 2011

Dec 24, 2008

Petrobras has pushed out 2009 debt with 2 Brazilian banks until 2011. Brazil’s state-controlled oil producer has extended to 2011 export credit loans...

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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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