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View Full Version : Vale Cuts 2009 Investment Plan 37% as Costs Decline - Bloomberg



NewsWhore
05-22-2009, 12:50 PM
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Vale Cuts 2009 Investment Plan 37% as Costs Decline (http://news.google.com/news/url?sa=T&ct=us/8-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaYD3cGbDfigc%26refer%3Dlatin_america&cid=0&ei=ONoWSraYGori6wP63aiUAw&usg=AFQjCNEtjxDb0zIpvujQpxaFAsqcGHOo8A)
Bloomberg
The Brazilian real has weakened 19 percent against the US currency since reaching a nine-year high on Aug. 18, reducing the cost in dollars to carry out projects in Brazil. The drop followed a global economic slowdown that reduced demand for ...


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