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Batista Taps CS Analyst for CEO Post

Aug 5, 2009

Eike Batista has hired Credit Suisse mining and steel analyst Roger Allan Downey to replace him as CEO of MMX, the Brazilian iron ore miner. Downey will also take over IR duties for the Brazilian iron ore company. Batista relinquishes...

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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."

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