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the tax signals being sent by Brazil is not being welcomed by the foreign market
11/02/09 05:09
In its first days, Brazil's biggest clearing house known as Cetip SA - Balcao Orgnizado de Ativos y Derivaticos, had fell by nine point five percent. This is the worst debut to be known of in about two and a half years.
This situation arose out of the fact that tax on purchases in a stock quantity have slowed the demand from foreign investors.
Cetip, the Rio de Janeiro based company, was the fourth initial public offering from Brazil in two thousand and nine.
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20091031-110225-the-tax-signals-being-sent-by-Brazil-is-not-being-welcomed-by-the-foreign-market cetip 'the tax signals being sent by Brazil is not being welcomed by the foreign market'
