Archive for 'Economy'
Vale in the News Posted by Rachel on Oct 20, 2009
Vale, one of Brazil’s highest-earning companies and the largest iron ore producer in the world, has been in the news this week with reports about increasing Brazilian investment and tension with President Lula. Let’s take a look at some of the headlines: Brazil’s Vale to invest $12 billion in 2010, Reuters Bernardo says Lula won’t…
Brazil Business News Posted by Rachel on Oct 7, 2009
Let’s take a look at the headlines from this week’s business news: Brazil stocks jump to highest since July 2008; Bolsa advances, Bloomberg Petrobras: Each subsalt well to cost $100m, Wall Street Journal Vale might bid on Brazil’s Monte Belo dam, Reuters Brazil joins emerging nation boost to IMF funds, AFP Banco do Brasil plans…
Brazil Economic News Posted by Rachel on Sep 17, 2009
Let’s take a look at some headlines from economic news in Brazil this week: Brazil Petrobras CEO: To Freeze Foreign Investments, Wall Street Journal Brazil proposes banning sugarcane in the Amazon, Associated Press Spillover effect: another pre-salt discovery in Brazil, Bnet Crown planning third Brazil plant, Philadelphia Business Journal Brazil tycoon Batista plans $10.3 billion…
Brazilian Industry Posted by Rachel on Sep 16, 2009
As we’ve seen in the blog, Brazil’s economy is booming, and the Economist reported yesterday that it has emerged from the recession. So for today’s interactive feature, the question is: What do you think is Brazil’s most promising industry? The most obvious answer would be petroleum, given the amount of press and political hoopla, but…
U.S. to Invest $2 Billion in Brazilian Oil Posted by Rachel on Aug 20, 2009
This week, the Wall Street Journal revealed that the U.S. government plans to invest US$2 billion in Petrobras, Brazil’s state-run oil company. It is the largest company headquartered in the Southern Hemisphere and the largest company in Latin America in terms of revenue. Its assets, which include oil assets in Brazil and 18 other countries…
Brazil and China in the News Posted by Rachel on Aug 11, 2009
China has been in the headlines with Brazil this week, as newspapers report a growing commercial, political and even cultural proximity between the two BRIC countries. Let’s take a look at the biggest stories. China makes big moves in Latin America, Miami Herald Rio de Janeiro hosts entrepreneurs from China and Lusophone states, MacauHub Brazil’s…
GM to Invest US$1 Billion in Brazil Posted by Rachel on Jul 16, 2009
Despite the fact that GM declared bankruptcy and is now partially owned by the US government, it will invest US$1 billion to create two new models of cars in Brazil, which will help create 1,000 jobs. The Brazilian government recently reduced taxes on automobiles, which lowered the price of GM cars and led to a…