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Currency depreciation pushes CVRD into red

RIO de Janeiro-based CVRD, the world's number one iron ore producer, has blamed the Brazilian rea...

Greg Tubby
Currency depreciation pushes CVRD into red

The real lost more than 17% of its US dollar value in the last quarter amid pre-election jitters, which inflated CVRD's dollar-denominated debt but also magnified revenues from overseas sales in local...

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