Foreign Investments in Brazil Down US$16.7B: Daily

By Patricia Maresch, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - The Federation of Industries in São Paulo (Fiesp) predicts a loss of R$26.8 billion (US$16.7), or 10 percent, in new foreign investments in Brazil as the global economy faces new threats from the U.S. and European debt crises. Local factories are struggling with an overvalued Brazilian currency, imports from China and economic difficulties abroad.

The lower expectations reflect the reduction in exports and decline in domestic . . .

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