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    Welfare State Takes Lead Role in Brazil Vote

    In a tight election playing out against a fading commodity boom, Brazilian voters are deeply split between welfare beneficiaries who favor President Rousseff and the more affluent, who want change.

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    Moody’s Downgrades Petrobras’ Ratings

    Moody’s downgraded Brazilian state-controlled oil company Petrobras to two levels above speculative debt because of the company’s high debt and the outlooks for oil prices and the real.

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