"We are keeping the traffic from Argentina, Chile, Uruguay and Paraguay to Brazil, " Pires said.

CNN: Global tourism feels the squeeze

Jeanine Pires, president of Embratur, the Brazilian Tourist Board, said it's still too early to assess what impact the financial crisis will have on Brazil in terms of international tourism.

CNN: Global tourism feels the squeeze

Adriano Pires, director of the Brazilian Center for Infrastructure, a Rio de Janeiro based business management consultancy, said Brasilia should think twice about using Petrobras as a policy tool to fight inflation, among other things.

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