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Brazil's Surplus Reaches US$ 21 Billion
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Brazil Expecting 3.5% GDP Growth for 2005
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Banks Upbeat about Brazil
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Public-Private Partnerships Priority in Brazilian Congress
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Brazil Industry Criticizes Higher Interests
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Lula Defends Brazil's Central Bank Interest Rates Policy
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Brazil's Business Leader Urges Bigger Role for Businesses
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Brazilian Diplomats to Have Hands-on Training in Trade
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Quick Bush Win Boosts Brazil's Stock Market
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Brazil Wants from Chile Same Treatment Given the US
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Brazil On Guard Againt Flood of Cheap China Trinkets
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Fitch on the Lookout After Brazil Intervenes at Bank
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Brazil's Industries Federation Insists: Interests Must Go Down.
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Despite Oil Prices Brazil's Market Reaches New Heights
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Despite Bearish News, Brazil Market Soars
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Brazil Buys Ambev Stocks Betting Brazilians Will Drink More
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Brazil Exceeds All Economic Expectations
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Brazil Markets Start Year Subdued
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Brazil's Industry Federation Calls 2004 Spectacular
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Market Lower in Brazil Amid Fears of Higher Interest Rates
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Foreign Bulls Stir Brazil's Market
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Brazil's Interest Rates Scare Investors
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Industry Leaders Join Church to Pan Brazil's Economic Policies
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Brazilian Stocks Close Upbeat for Carnaval Recess
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Foreigners Shoot Brazil's Stocks Up
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Brazil Waiting for an Interest Rate Boost
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Brazil's Central Bank Good News Sends Market Way Up North
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Brazil's GDP Up 5.2%, Best in 10 Years
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Greenspan Inspires Investment in Brazil
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Brazil's Central Bank New 19.25% Interest Rates Draw Unions' Ire
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US Fed Decision Hurts Brazilian Markets
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Industry Leader Calls Brazil's Divorce from IMF a Hospital Discharge
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Brazil's Finance Minister Wants Independent Central Bank
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Stage Set for a Rebounding Market in Brazil
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Suspense in Brazil Over Interest Rates
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Foreign Capital Flies Back to Brazil
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Interest Rates Are Hurting Brazil, Says Industries Federation
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Lower Oil Prices Stir Brazil Market Up
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Brazilian Real Hits 35-Month High Against Dollar
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U.S. GDP Scares Brazil's Bulls
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Brazilian Markets Seeing Red
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Arabs and Brazil Keep the Talks and Deals Going
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Commodity Stocks Push Brazil Down
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Brazilians Hopeful Interest Rates Will Be Put on Hold
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Dollar Falls to a Three-Year Low in Brazil
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Raising Interest Rates Is Not Working in Brazil
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Brazilian Industry Blames High Interest Rates for Paltry GDP
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Brazil's Central Bank Chief Stays, Assures Lula
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Brazil Will Stay the Course, High Interest Rates and All
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Top Lula Adviser Accused by Brazilian Congressman of Taking Bribe
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Brazil Industry Urges War on Piracy
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Oil Prices Scare Brazilian Investors
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Brazilian Industry Grows But Timidly
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Industry Federation Wants Brazil to Develop Domestic Nanotechnology
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Hopes of Lower Interests Bring Brazilian Market New Vigor
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Brazil Central Bank's Survey Shows the Industry's Upbeat Mood
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Brazilian Market Soars Anticipating Good News in the Interests Front
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Low Inflation Leads Brazil to Hold Benchmark Interests at 19.75%
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Brazil's Industry Leader Calls Interest Rates 'Absurd'
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Brazilian Market Ends Rush Up Touched by US News and Oil Prices
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Like in the Movies: Robbers Tunnel into US$ 65 Million from Brazil's Central Bank
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Investors Take the Money and Brazilian Markets Ebb
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US Market Rises. Brazil Follows the Leader.
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Brazil Central Bank Expecting Bad News on Inflation Front
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Brazil's Central Bank Workers Go Back on Strike Tuesday
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Industry Output Drop in Brazil Fuels Hopes Interests Will Fall
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In Brazil, It's Time for the Market to Pocket Profits
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Brazil Market Back on the Up Track
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Brazilian Industry Grows 3.3%, a Lower than Expected Rate
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Brazil Anticipates 5.1% Inflation in 2005
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Brazil Announces Cut of Red Tape and Global Investors Get Bullish
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Brazilian Inflation to Be Below 6%, But Above Government's Target
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Brazil Expecting a 5.6% Inflation Rate in 2005
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For Central Bank Chief, Brazil Is OK and Needs No Change
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IMF Applauds While Banks Lament Brazil's Economic Performance
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Brazil Industry Calls Government Pigheaded for Refusing to Cut Interest Rates
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Manifesto Urges Brazil to Promptly Cut "Absurd" Interest Rates
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Brazil to Grow a Mere 2.3% in 2005, Says IPEA
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Low Interests Rates in Brazil Only After Inflation Is Under Control
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Brazilian Industry Says Disappointing Cut in Interests Brought Bitter Christmas
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Post-Holiday Season Brings Smooth Upswing to Brazil Market
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Central Bank Lowers Brazil's 2005 GDP Estimate from 3.4% to 2.6%
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Brazil's Foreign Debt Falls to US$ 165 Bi, 25% of GDP, Best Ratio in 30 Years
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Brazil's Financial Market Expecting Inflation Below 5% in 2006
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IMF Gets Money and Gives Some Advice to Brazil on Trade Barriers
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Brazilian Market Falls Erasing Earlier Gains
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Hopes for Lower Interest Give Brazilians Stocks a Push
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Investors Worried Higher US Interest Rates Will Draw Money from Brazil
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Brazil's Central Bank Chief Betting 2006 Will Be Very Good
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Brazil Reduces Long Term Interest Rates from 9% to 8.15%
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Monetary Easing in US Brings Record Day to Brazil's Market
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Signs of Slower Pace of Interest Cuts Make Brazilian Stocks Tumble Down
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Brazilian Industry Says It Won't Accept Increases in Bolivia's Gas Prices
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World Oil Prices and US Interests Send Brazilian Stocks Down
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Brazil's Surplus Down Sharply Due to Declining Trade
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Brazil Afraid World Slump Will Lower Price of Commodities It Sells
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Rising Foreign Investment Lifts Brazilian Stocks
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Fed Hints of Interest Pause Give Brazilian Market a Boost
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Brazil Intent on Reaching 10% of Global Organic Market
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Brazil's Export Boom Turning to Bust, Warns Industry Federation
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Lower Brazil Risk Means the Best Conditions Ever for Export Money
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Brazil and US Industry Join Forces to End Doha Stalemate
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With US$ 6.5 Billion in Foreign Investment Brazil Breaks Record
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Brazil's Current Account Surplus Reaches US$ 4.4 Billion, a 59% Growth
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Brazilian Banks Grow 130% Charging Customers 74 Different Fees
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Brazil Industry Grows Slowly Due to Strong Brazilian Currency
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Brazil Puts a Brake on Interest Cuts. Key Rate Left at High 11.25%
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Brazil Raises Key Rate by 0.5% to 12.25% to Curb Inflation
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Brazil Betting Foreigners Will Invest US$ 33 Billion This Year
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Brazil's Lula Summons His Cabinet for Summit on Inflation Blues
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Brazil Decides to Accept Reais for International Deals
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Inflation Fear Leads Brazil Central Bank to Raise Interest Rates by Steep 0.75%
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Brazil Stocks Suffer Worst Fall Since 2001. Crisis Will Make Us Stronger, Say Authorities
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Brazilian Market Getting US$ 12 Billion Injection to Deal with Crisis
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Brazil Taps Money from US$ 207 Billion Foreign Reserves to Fund Exports
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Global Crisis Prompts Brazil to Inject Another US$ 10 Billion in Economy
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Brazil and LatAm Say the Fundamentals of their Economy Are Strong
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Brazil's Answer to Global Crisis: US$ 50 Billion Dollar Auction
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Brazil Hosts G-20 Ministers and Demands more Power for Emerging Countries
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Minister Says Brazil Will Grow Way Over World Average in 2009
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What World Needs, Brazil Says, Is Joint Effort of Liquidity Management
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Despite Crisis Brazil's Central Bank Posts Over US$ 1.3 Billion Profit
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Best Case Scenario for Brazil in 2009: 10% Decline in Exports
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Brazil Takes 30-Year Biofuel Experience to Energy Summit in the Middle East
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Brazil's Industry Leaders Want to Bypass Mercosur and Sign EU Accord
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Brazilians Are Told Credit Access Is Back to Normal
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Brazil's Central Bank Chief See Country on Recovery Path
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Central Bank of Brazil Sees Bigger Offer of Credit in the Country
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For Brazil's Central Bank Chief Economy Is Already on the Rebound
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Brazil Central Bank to Keep Intervening in Exchange Market to Prop Up Dollar
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Brazil's Reserves Break Record: US$ 210 Billion
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Anheuser-Busch InBev Fined US$ 176 Million in Brazil for Unfair Competition
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Brazil Keeps Key Interest Rate at Record Low 8.75%
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Brazil Follows U.S. and Gets Back to Black |
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Written by Linda Shea
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Wednesday, 19 October 2005 |
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Latin America took part in U.S. market enthusiasm, led by Brazil. Latin American receipts sharply rebounded late in the session, following the release of the United States Beige Book.
The Federal Reserve's "Beige Book" indicated that the U.S. economy grew at a moderate or gradual pace in most parts of the country in September, despite the impact of recent hurricanes. Meanwhile, crude oil prices declined, after the U.S. Energy Department reported a larger-than-expected build in crude supplies and a rise in gasoline stocks. Closer to home, investors are looking forward to the Brazilian Central Bank's decision on interest rates, due out shortly, which could see up to a 50 basis point cut. Brazil's Bovespa Index jumped 229.20 points, or 0.79%. Mexico's benchmark Bolsa Index rose 27.11 points, or 0.18%, while Argentina's Merval Index leapt 11.62 points, or 0.73%. In Brazil, investors focused on a widely expected interest rate cut, set for this evening. Meanwhile, São Paulo's Fipe research institute said that its consumer price index rose 0.64% in the four weeks ended October 15, compared to a 0.59% acceleration in the four weeks ended October 7. Higher food and housing prices were cited for the uptick. In other economic reports, Fiesp reported that industrial employment in São Paulo edged up 0.61% in September from August. For the 12 months through September, the state's industrial workforce jumped 3.74% over the prior 12- month period. Within the steel sector, the Brazilian Steel Institute reported that crude steel production in the country declined 7.5% in September, compared to the corresponding period a year ago. For the first nine months of this year, crude steel output fell 4.1% to 23.656 million tons from a year ago. In corporate news, according to Estado newswires, state-run oil firm Petrobras said that it will invest 1.4 billion reais in the production blocks it obtained earlier this week in a government auction. Brewer AmBev announced that domestic beer sales volumes jumped 3.4% in the third quarter from a year ago, while beer sales, excluding Brazil, surged 10.7% last quarter. Meanwhile, soft drink sales rose 6.1% in the third quarter, while sales volumes leapt 8.1% in the rest of the region. Mexican shares turned the corner late in the session, ending positively. A late-released U.S. economic report showing stability in the country helped boost U.S. and international markets. Investors also focused on the latest batch of earnings reports released in Mexico. On that note, home builder Geo said that its third-quarter net profit jumped nearly 32% to 267.4 million pesos from 202.7 million pesos a year earlier on a 24% leap in sales to 2.66 billion pesos. Operating profit advanced 27% to 461.3 million pesos. Geo sold 9,624 homes last quarter, up from 8,600 homes in the year-earlier period. Within the wireless phone group, Iusacell posted a wider net loss of 435 million pesos in the third quarter from 294 million pesos a year ago, mostly due to lower foreign exchange gains. Meanwhile, higher income from post-paid contract customers helped to push the firm's revenues up 27% to 1.55 billion pesos. EBITDA jumped 39% to 189 million pesos. Meanwhile, Argentina took part in the broader regional and U.S. advance. Investors are still awaiting this weekend's congressional elections before making more of a commitment to Argentina. Also, options contracts expire tomorrow and Friday. Thomson Financial Corporate Group – www.thomsonfinancial.com
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