Tag Archives: Economy
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…
NPR Coverage of Brazil Posted by Rachel on Dec 18, 2009
NPR has had quite a few stories about Brazil lately, and they are always excellent and interesting. Check out the latest news features and be sure to listen to them, too! In One Brazilian Farm Town, Reviving the Forest Brazil Pins Hopes on Massive, Untapped Oil Fields In Brazil’s Slums, Police Try a Softer Touch…
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…
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…