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Brazilians sober up, hurting beer giant

Brazilians aren’t drinking as much beer as they used to, which is giving the biggest beer brewer in the world — Anheuser-Busch InBev (BUD) — a major hangover.

The Belgian-based company said beer sales dropped nearly 9% in Brazil in the last quarter, which slammed the company’s overall profitability.

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/bbkfCS0QJCM/index.html