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Facebook bears the brunt in Rio

Bloomberg Facebook Inc.’s international expansion has been challenged by application shutdowns, regulatory blocks and protests. On Tuesday, the Brazilian government tried another tactic: detaining an executive. Brazil’s federal police took an executive into custody for failing to cooperate with judicial orders related to information on the company’s website in an investigation of drug trafficking. A judge in Sergipe ordered the ...

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Brazil’s ‘Real’ rises with other market currencies

Bloomberg The real gained along with emerging-market currencies worldwide as commodities advanced, offsetting concern that Brazil’s economy continues to worsen while an ever growing corruption scandal gets closer to former President Luiz Inacio Lula da Silva. The real rose 2.1 percent to 3.9341 per dollar in Sao Paulo. A Bloomberg gauge of 20 developing-nation currencies gained for a second day ...

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American shoppers flock to Canada’s websites as ‘Loonie’ slides

BLOOMBERG It’s long been common practice for Americans to head north for bargains whenever the Canadian dollar falls meaningfully below the greenback. During the current slump, they’re doing so from the comfort of their homes by shopping online from small-time Canadian merchants. The Canadian dollar — the loonie — has fallen about 18 percent against its U.S. counterpart over the ...

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