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Brazil Oil IPO Withdrawn

Dec 14, 2011

PetroReconcavo, a Brazilian E&P company with onshore wells in the state of Bahia, has put off plans for an IPO, according to the CVM. The issuers’ registration, filed in May,...

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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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