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Government spokeswoman Denise Mantovani has confirmed published remarks made by Brazilian minister Guilherme Cassel, who said that President Lula da Silva had asked ministers to tighten laws on foreign ownership of land. Speaking in the business newspaper Valor Economico, Cassel claimed that...

The government announced yesterday it will impose a 2% tax on foreign purchases of fixed-income securities and stocks starting today. The new tax will slow the real’s appreciation by curbing dollar inflows from speculative investment and prevent the creation of bubbles in Brazilian markets...

:captain: Brazil has come out of recession after its economy grew in the April-to-June quarter. The largest economy in Latin America expanded by 1.9% in the second quarter from the previous three months. Data also showed Sweden emerged from recession on Friday, a sign that economies are...