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Brazilian Travel Co Plans IPO

Dec 9, 2011

Brazilian travel operator Brasil Travel Turismo e Participacoes has filed with local regulators to carry out an IPO. Brasil Travel is a holdco for 35 companies involved in businesses such as travel agencies, foreign exchange, travel insurance, and tour operations. The company is headed by Paulo Castello...

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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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