Tuesday, June 5, 2007

UPDATE 1-Soros says he is a speculator in Brazilian ethanol

(Reuters) - SAO PAULO, June 5 - Billionaire George Soros said
on Tuesday his large investment in Brazilian ethanol production
was speculative because he still sees trade barriers
restricting the full potential of the world's most efficient
producer of the biofuel.




"I know the term has negative connotations in Portuguese,
but I have to admit I am a speculator," Soros told an audience
at Brazil's first Ethanol Summit in Sao Paulo.


Read more at Reuters.com Bonds News

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