The trading floor of the Pactual investment bank in Rio de Janeiro, Brazil, May 9, 2006. UBS AG, Europe's largest bank by assets, agreed to buy Brazilian investment bank for about $2.6 billion to win more stock and bond underwriting fees in the biggest economy in Latin America. UBS will pay $1 billion now and as much as $1.6 billion in five years ``subject to certain performance conditions,'' the Zurich-based bank said today in a statement.(AustralFoto/Douglas Engle)
Brazil's President Luiz Inacio Lula da Silva greets supports during a re-election campaign rally in Rio de Janeiro October 17, 2006. Lula da Silva widened his lead over rival Geraldo Alckmin and would win re-election on October 29, a senior source in Lula's Workers Party said on Tuesday, citing upcoming poll figures.(AustralFoto/Douglas Engle)
