BLOOMBERG/ Petrobras won overwhelming Senate approval to buy 5 billion barrels of government-owned oil with new stock that allows the Western Hemisphere’s largest share sale in more than a decade. The oil company plans to raise as much as $25 billion from minority investors in a public stock offering as it seeks funds to cover $220 billion of spending through 2014 to develop new offshore reserves. Yesterday, the central bank raised the benchmark lending rate 75 basis points to 10.25% to fend off inflation.
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