March 2006


The efforts undertaken by the Brazilian government to adopt alternate energy sources has finally helped it achieve energy independence this year. The three decade long initiative has helped in supplying pure ethanol, a blend of gasoline and 20% ethanol, or natural gas to Brazilian filling stations, enabling the cars to run on these fuels and conserve the use of oil. This is definitely a positive news for Brazil, because US is yet to achieve this success.

The way the industries are pumping in money into increasing the output of ethanol, ethanol seems to be a key driver in the economy of Brazil.

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If you had missed the shares of Google last time, now it is time for you to rejoice. Google plans to enter the market and raise nearly 2.1$ billion by issuing 5.3 million shares. Gear up and be ready.

Source: CNET

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