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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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Lenovo To Set Up R&D Centre

China-based technology company Lenovo plans to invest around US$100mn to set up a research and development (R&D) centre in Brazil, which will be dedicated to software development for Lenovo...

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