Tag Archives: Economy
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…
Brazil News Briefs Posted by Rachel on Sep 9, 2009
Here are some big headlines coming out of Brazil this week. Have a look: Brazil to buy 36 fighter jets from France, LA Times Opposition leads in Brazil 2010 presidential poll, Wall Street Journal Sanofi Pasteur to provide Brazil with H1N1 vaccine, Reuters Brazil’s real rises to 3-week high as commodities, stocks gain, Bloomberg Italian…
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…
Brazil to Bail Out Citibank Posted by Rachel on Jun 23, 2009
At a press conference in Sao Paulo this week, Citibank CEO Vikram Pandit announced that the bank is putting its hopes on developing economies like Brazil to boost the company after billion dollar losses. After the credit crisis in the United States, Citibank hopes economies like Brazil’s will provide much needed growth. Brazil has the…
BRIC Countries Meet in Russia Posted by Rachel on Jun 17, 2009
This week, the countries that make up the BRIC group–Brazil, Russia, India, and China–are meeting in Russia for the first formal BRIC gathering. These four countries include 15% of the world’s economy and 40% of the world’s currency reserves, and are becoming increasingly more important in the international scene. The BRIC countries’ leaders will discuss…
Brazil Strengthens Ties with Saudis Posted by Rachel on May 19, 2009
President Lula Inacio da Silva made a historic visit to Saudi Arabia this week, the first of its kind for a Brazilian president. He met with King Abdullah, as well as Abdurrahman al-Attiyah, the secretary general of the Gulf Cooperation Council. President Lula went with Brazilian businessmen, but also discussed political and cultural ties. Officially…