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Asia is expected to witness the largest growth in its middle class.
Sao Paulo Mayor Fernando Haddad has termed the hike reversal a "big sacrifice".
Worries about US scaling back monetary stimulus weighed on the domestic unit.
This would be the biggest sale of government securities so far this year.
In India and South Asia, a change in the regularity of monsoon season could cause a crisis in the region.
India has set a bilateral trade target of $100 billion with Africa by 2015, the minister announced.
Brazil has not seen demonstrations of this kind in more than 25 years.
Fifty-two people have died in the worst affected northern Indian state of Uttarakhand.
Russia appears to have gained major concessions from G8 leaders on Syria.
Total trade between the two sides fell 3.7 per cent year-on-year last year.