Tag Archives: investment
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…
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…