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WASHINGTON (AP) — Air safety investigators have a "high degree of confidence" that a photo of aircraft debris found in the Indian Ocean is of a wing component unique to the Boeing 777, the same model as the Malaysia Airlines plane that disappeared last year, according to a U.S. official said Wednesday.
By Tim Hepher and Lincoln Feast PARIS/SYDNEY (Reuters) - French authorities are studying a piece of plane debris found on Reunion Island in the Indian Ocean to determine whether it came from Malaysia Airlines Flight MH370, which vanished last year in one of the biggest mysteries in aviation history. A person familiar with the matter told Reuters the part was almost certainly from a Boeing 777, the type of aircraft operated by Malaysia Airlines on the ill-fated flight, but that it had not yet been established if it was a piece of the missing plane. France's BEA air crash investigation agency said it was examining the debris, found washed up on the French island east of Madagascar, in coordination with Malaysian and Australian authorities, but that it was too early to draw conclusions.
Brazil's central bank raised its benchmark interest rate by half a point to 14.25 percent, seeking to fight inflation during a major slump in the local currency. The bank's monetary policy committee COPOM decided in a unanimous vote to raise the Selic rate by 0.50 percentage points, the seventh consecutive raise. Analysts say Brazil's once booming economy suffers deep underlying illnesses, notably the massive corruption scandal unfolding at national oil company Petrobras and rippling across other top companies and into political circles.