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Attempting to put a lid on capital inflows and the real's rise, Brazil raises taxes on overseas...
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Tuesday, March 29, 2011, 1:19 PM ETAttempting to put a lid on capital inflows and the real's rise, Brazil raises taxes on overseas loans and bond sales. The real ignores the news, hitting a new high for the year. Higher taxes “won’t work” either to control inflation or weaken the currency, says former central bank chief Carlos Langoni. BZF +0.5%. BRAF +0.7%. EWZ +1.5%.
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