Bringing it home
China might be growing 10.1% per annum, but the new flavour of the month is Brazil. On Thursday, the Nikkei Shinbun reported that Daiwa Securities plans to enter joint-brokerage operations with Brazil's Banco Itau, to form the full-scale Japanese-Brazilian brokerage joint venture. Furthermore, the Nikkei reported that the main motivator for the move was the boom in retail interest in Brazil, particularly following Standard & Poor's upgrade of high-yielding Brazilian government bonds to
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