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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Seeker of Truth who wrote (1567)10/25/2005 2:53:39 PM
From: elmatador  Respond to of 218085
 
To make an statement you have money, you buy gasoline only.



To: Seeker of Truth who wrote (1567)10/25/2005 3:12:55 PM
From: elmatador  Respond to of 218085
 
Merrill Lynch Expects Brazil's Bovespa to Gain 26% in 12 Months

Oct. 25 (Bloomberg) -- Merrill Lynch & Co. expects the Brazilian benchmark stock index to rise 26 percent in 12 months, helped by lower local interest rates and corporate profit growth.

The Bovespa index will likely reach 37,500 in 12 months as interest rates are expected to fall to 15.25 percent by the end of 2006, from 19 percent now, Pedro Martins Jr., head of Merrill Lynch's Latin America equity team, said in an interview in Sao Paulo.

bloomberg.com



To: Seeker of Truth who wrote (1567)10/27/2005 7:00:37 AM
From: elmatador  Respond to of 218085
 
Lula's Export Tax Cuts pass; Bill Goes to lower House

Brazilian Senate passed President Luiz Inacio Lula da Silva's executive order to give tax incentives to exporters after ruling coalition and opposition lawmakers widened the scope of the proposal.

The bill should help reduce the cost of new factory investments by about 11 percent and secure as much as $20 billion of export-oriented investment by the end of 2006, Industry and Trade Minister Luiz Fernando Furlan said in April.

bloomberg.com

ELMAT: Couple this with the proposed tax cuts and things start looking up. (A caveat though now he can't pay for the lawmakers' votes :-)

Oct. 26 (Bloomberg) -- The Brazilian Senate passed President Luiz Inacio Lula da Silva's executive order to give tax incentives to exporters after ruling coalition and opposition lawmakers widened the scope of the proposal.

Senators approved the incentives, worth 3.3 billion real ($1.5 billion) a year, and the lower house must vote on them by tomorrow to make them permanent.

The measure eliminates all taxes on exports for makers of pharmaceuticals, machinery, semiconductors and software that ship four of every five of their products abroad. To win the passage of the bill, known as MP-255, the government extended the deadline to renegotiate city debts with the federal government to 240 months from 60 months currently.

In addition, the northern state of Amapa and as many as four municipalities in northern Para state were given the status of free-trade manufacturing zones, making them equal to Manaus, the capital city of Amazonas state. With that designation, makers of technology products based in those regions are exempted from paying taxes on manufacturing.

ELMAT: Well, he had to "sweet" the deal for Sarney.

The bill should help reduce the cost of new factory investments by about 11 percent and secure as much as $20 billion of export-oriented investment by the end of 2006, Industry and Trade Minister Luiz Fernando Furlan said in April.



To: Seeker of Truth who wrote (1567)11/1/2005 8:05:16 AM
From: elmatador  Read Replies (1) | Respond to of 218085
 
More fat: ITU profit climbed 47% in the 3rd quarter, the 12th straight period of earnings growth, as increased lending and fees drove up revenue.

quote.bloomberg.com