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Retail Sales Drop 0.2% In December

Brazilian retail sales registered a fall of 0.2% in December 2013, compared with a 0.6% rise in November 2013 and a 4% increase in the same period of 2012, according to data from the national...

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Vale To Pay BRL22.3bn Back Tax

Brazilian mining company Vale will pay BRL22.3bn (US$9.61bn) to the Brazilian government as back taxes on profit earned from its overseas operations, reports Reuters.

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