Archive for 'Economy'
The Floating Bank of the Amazon Posted by Rachel on Mar 17, 2010
Yesterday, the Wall Street Journal published a fascinating article about Bradesco Bank’s newest strategy for reaching Brazilians in rural areas of the Amazon: putting a bank on a riverboat. The article describes how the bank’s manager goes out every two weeks and searches for new customers along the banks of the Amazon. An excerpt: “Modest…
Brazil’s money bill’s new appearance Posted by André on Feb 25, 2010
If you are used to Brazil’s money bills, prepare to say goodbye to them. Starting in April they will begin being replaced by new ones. The currency, Real, will remain the same. Only the design and size of the bills will be different. The main reason behind this change is for security matters. The new…
Reading Comprehension Series: Business News Posted by Rachel on Feb 18, 2010
For today’s reading comprehension activity, we’re going to take a look at an article from VEJA Magazine about the Brazilian state-run oil company, Petrobras. Petrobras volta a importar gasolina após 40 anos “Após quarenta anos de autonomia, a Petrobras voltou a importar gasolina. Prejudicada pela crise do etanol, a estatal foi obrigada a comprar o…
Brazil Economic News Posted by Rachel on Jan 19, 2010
Let’s take a look at the headlines from business and economy in Brazil this week: Vale eyes Brazilian fertilizer assets, Financier Worldwide Vale deve roubar mercado de gigantes da mineração neste ano, Estadão Brazil Alupar completes $141 million debenture issue, Wall Street Journal Brazil Petrobras signs deal…, Wall Street Journal Azul transporta 2.2 milhões de…
Bovespa Ends 2009 with Highest Global Gains Posted by Rachel on Dec 31, 2009
Estadão announced today that Bovespa, the Brazilian stock market located in São Paulo, closed the year with the highest gains of any stock market in the world. It closed at a high of 120.9 percent, compared to 118 percent in Indonesia, 25.4 percent in the United States, and 6.7 percent in Japan. This percentage is…
Brazil Business News Posted by Rachel on Nov 18, 2009
Let’s take a look at some of the business headlines from Brazil this week: Portuguese Lucro da Petrobras recua, Zero Hora Ampliação da matriz de energia é uma das saídas para evitar novos apagões, Correio Braziliense Petrobras anuncia descoberta de jazida de petróleo leve na Bacia de Campos, G1 Brasil gera 230,000 empregos e tem…
Government Tax Threatens Foreign Investment in Brazil Posted by Rachel on Oct 22, 2009
This week, the Wall Street Journal reported that the Brazilian government has now imposed a two percent tax on foreign investment entering Brazil, hurting the local stock markets. Brazil has weathered the global economic crisis much better than other countries, and the Ibovespa index rose 70% since March. The government has imposed tax on stock…