Tuesday 7 July 2015
 
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Brazil

Videocon plans $2.5bn Brazil energy investments

Videocon Industries plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business. "B

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Oil bull market seen as Brazil, Iraq cut output targets

Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the US shale industry

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Brazil's Vale sees potash mine sale by Oct

Brazil's Vale SA is in negotiations with various investors to sell its suspended Rio Colorado potash mine in Argentina and a deal could be sealed by October, Argentine Mining Secretary Jorge Mayoral said in an interview on Tuesday.

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HSBC prepares to axe jobs, businesses

HSBC is set to cut thousands of staff, axe businesses in Brazil and Turkey and shrink its investment bank in a fresh attempt to become simpler and improve its financial performance. Chief executive Stuart Gulliver is due to outlin

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Arab team explores opportunities in Brazil’s Amazonas

A high-profile Arab delegation recently explored trade and investment opportunities between Amazonas, the largest state in Brazil and Arab countries, according to the Arab-Brazilian Chamber of Commerce (ABCC). The delegates compri

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Rio risks Olympics cost surge as building lags

With less than 500 days until Rio de Janeiro hosts the Olympic Games, construction of several venues has not started and some major contracts have not even been tendered, setting the stage for a last-minute rush that will likely drive up costs.

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Rio risks Olympics cost surge as building lags

With less than 500 days until Rio de Janeiro hosts the Olympic Games, construction of several venues has not started and some major contracts have not even been tendered, setting the stage for a last-minute rush that will likely drive up costs.

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Arabs 'must look local to boost tourism'

A tourism strategy based on cross-country visas and open skies policy are needed to increase the number of tourists travelling between the Arab countries, a key forum at the Arabian Travel Market 2015 heard. About 20 Middle Easter

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Brazilian exports to Mena exceeds $1bn in March

Brazil exports $1.036 billion worth of products to the Middle East and North Africa (Mena) region in March, an increase of 1.03 per cent over the same period last year, according to latest statistics. The statistics released by Br

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ME airlines 'taking Brazil to greater heights'

Middle East airlines are playing a major role in providing connectivity to non-traditional destinations from Brazil as an increasing number of Brazilians now seek newer travel options, a top global UN tourism official said. Gulf c

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