"So it was all too easy for Mr Batista to take on more projects than he could easily handle. His firms soared to huge stockmarket valuations when they had barely begun to work on their grand projects. But turning good ideas into reality has proved as much of a problem as negotiating Brazil’s notorious official bureaucracy. Adding to the worries has been the rapid cooling of Brazil’s formerly sizzling economy: growth last year was less than 1%, compared with 7.5% in 2010."
Posted on: Wed, 10 Jul 2013 13:03:54 +0000
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