SOUTH AMERICA

Vale lifts waning Brazil while Petrobras falters

AS Brazil's semi-public oil giant Petrobras struggles through the murky waters of corruption allegations, the country's formerly state-run mining giant Vale is keeping out of the spotlight and quietly going about its business.

Vale lifts waning Brazil while Petrobras falters

Brazil, just like its "national" oil company, is struggling. Each day seems to bring new political and economic problems, creating fresh structural speed humps for an economy already on the ropes following...

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