Sunday, 26 May 2013

Economy News Headlines - Yahoo! News: Brazil says will cancel Africa debt worth $900 mln

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Brazil says will cancel Africa debt worth $900 mln
May 26th 2013, 07:37

ADDIS ABABA (Reuters) - Brazil will cancel or restructure almost $900 million in debt owed by African countries, a Brazilian official said on Saturday, as part of a plan to increase future funding to the continent. Latin America's economic powerhouse is increasingly expanding its economic ties with Africa, a sign of how crises in the rich world are pushing faster-growing emerging economies to trade and invest among themselves, economists say. ...

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