Tag Archives: Economy
Brazil Economic News Posted by Rachel on May 5, 2009
Let’s take a look at some of the headlines about the Brazilian economy, which seems to be doing well despite the crisis: Brazil April Trade Surplus Widens to $3.71 Billion, Wall Street Journal Brazil’s GDP May Shrink Less Than Previously Forecast, Bloomberg Bradesco Earnings Drop 18% in Q1, Business News Americas Brazil Stocks Up More…
Brazil in the News Posted by Rachel on Apr 20, 2009
Today we’re going to look at the headlines to see the latest in Brazilian news. Brazil’s high tech hub grows in Sao Paulo’s Brooklin, CNN Latin America urged against protectionism, Reuters Region’s poverty poses challenge for World Economic Forum, WSJ Rio Olympic bid focuses on atmosphere, emerging economy, Chicago Tribune Brazil sees reason for hope…
World Economic Forum Kicks Off in Rio Posted by Rachel on Apr 14, 2009
Rio de Janeiro will host the World Economic Forum on Latin America from April 14 – 16, which will gather CEOs, executives, and businessmen to discuss integrating regional economies, addressing the economic crisis, economic policies, and environmental friendly business solutions. The co-chairs of the event include executives from KPMG International, Lloyd’s, and Banco Itaú Unibanco…
Brazil’s Lula Announces Anti-Crisis Plan Posted by Rachel on Mar 26, 2009
Brazil’s President Lula announced an ambitious plan this week to stimulate the economy and to ward off the global crisis. The plan is to invest R$34 billion (US$15.1 billion) into constructing homes for working class families. The plan also aims to create 1.5 million jobs and to increase the country’s growth rate. However, 6.5 billion…
Brazilian Economic News Posted by Rachel on Mar 18, 2009
Let’s take a look at what’s going on with the Brazilian economy, one of the most resilient in the world against the global economic crisis. The One Country that Might Avoid the Recession is…, Time Petrobras talks oil, biodiesel with Sao Tome & Principe, Energy Current Once solid, Brazil’s big food companies now wobbling, CNN…
Coca Cola Expands Brazilian Market Posted by Rachel on Feb 13, 2009
Despite the international economic crisis that has recently begun to affect Brazil, Coca Cola has been doing extraordinarily well. In 2008, it earned R$15 billion in Brazil, a 25 percent increase from the previous year. Also in 2008, Coca Cola Brasil’s sales volume increased by 7 percent, greater than the company’s average percentage worldwide. As…
Brazilian President Raises Minimum Wage Posted by Rachel on Feb 3, 2009
Effective February 1st, the national minimum wage in Brazil was raised to R$465 per month (US$201) from R$415 by order of the Brazilian president, Luiz Inacio Lula da Silva. The salary increase is expected to affect twenty percent of the Brazilian population, about 42 million people. However, each state has its own legal minimum wage…