Latin America News
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Marfrig Alimentos SA’s bonds slumped the most since September as Valor Economico reported that the beef producer is in talks to postpone an interest payment to Brazil’s state-owned development bank.
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Embraer SA, the world’s fourth- biggest planemaker, is boosting efforts to sell more jets in Asia, the Middle East and Africa as the European debt crisis saps demand in the manufacturer’s biggest market.
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Mexico, the third-largest supplier of oil to the U.S., paid $1.17 billion last year to lock in prices for 2012 exports at $85 a barrel, a 44 percent increase compared to hedging costs paid the previous year.
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The Bovespa index rose, paring a fifth weekly drop, as waning inflation concern in Brazil prompted traders to step up bets on interest-rate cuts, bolstering the outlook for companies that sell in the local market.
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