News & Articles

News & Articles

The Chamber brings you the latest news articles and market intelligence.

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03/10/09 Obama Will Meet Brazil's Lula at White House

The White House March 6 announced that President Obama will meet with Brazil's President Luiz Inacio Lula da Silva of Brazil at the White House on March 14. The White House statement said that Brazil is a close U.S. friend and...

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03/09/09 Lula confident Brazil can ride out crisis

Luiz Inácio Lula da Silva, Brazil's president, is in buoyant mood. "Brazil came into the crisis later [than the rest of the world] . . . and has every chance of coming out of it more quickly," he tells the Financial Times. It is...

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03/06/09 MEMBER NEWS: Felsberg e Associados Advises Korean RE on Registration in Brazil as an Occasional Reinsurer

Felsberg e Associados, Insurance and Reinsurance Practice Group, headed by Partner Neil Montgomery, advised Korean Reinsurance Company on its entry into the Brazilian reinsurance market, which opened to private competition in...

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03/05/09 Citi Should Talk to Brazil’s Itaú

Brazilians had something extra to celebrate at carnival this year — the relative health of the country’s financial system. While investors have fled emerging markets, Brazilian banks have held up nicely compared with rivals in...

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03/04/09 MEMBER NEWS: Brazil’s New Rio Terminal to Get First LNG Cargo, Data Shows

Petroleo Brasileiro SA, Brazil’s state-controlled oil company, will receive the first liquefied natural gas cargo March 11 at its new Rio de Janeiro terminal, ship tracking data shows. Excellence, a 138,000 cubic-meter LNG tanker...

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03/04/09 MEMBER NEWS: TAM inaugurates North America Headquarters in the United States

New office will allow more autonomy and agility in international client services TAM Airlines has just inaugurated a new office in support of the company’s activities in North America.  Located in the city of Miami, FL, the new...

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03/02/09 Brazil to grow above global average in 2009-Meirelles

Brazil's economy is in a strong position to weather the financial crisis and will grow above the global average this year, Brazil's Central Bank President Henrique Meirelles said on Sunday. "We are in the process of reviewing our...

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02/27/09 Central Bank's new facility to help Brazilian companies refinance external debt

“It is highly praise-worthy that the Brazilian Central Bank is taking action to mitigate the pressure on the current account balance,” said Daniel Miranda, Partner at Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, at...

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02/27/09 MEMBER NEWS: Mattos Muriel Kestener Advogados receives "Deal of the Year" Award

Mattos Muriel Kestener Advogados has been awarded the "Deal of the Year" prize granted by the prestigious publication “Latin Lawyer” for its role as antitrust advisor for Braskem in the break up and sale of Ipiranga. The...

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02/25/09 Trade finance, banking introspection and emerging economies

Squeezes of trade finance have been among the factors responsible for the recent collapse of trade. Those squeezes should be seen in the context of an overall “introspection” of banking activities that has been sparked as an...

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02/23/09 Export Financing - Brazil Expands Export Finance Program, Larger Firms Eligible for Subsidized Rates

Brazil's Trade Ministry on Feb. 19 expanded the number of exporting companies with access to the government's export financing program (Proex). Proex is an interest equalization program that provides loans to exporting firms at...

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02/23/09 Chamber’s 2009 Annual Directory to focus on sustainability and offer premium advertising opportunities

Each year the Brazilian-American Chamber of Commerce, Inc. publishes its highly-anticipated Business Review/Directory. This publication has become the “bible” to doing business with Brazil, and is consulted year-round by over 10,...

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02/20/09 MEMBER NEWS: Brazil Vale posts jump in profit, despite slowdown

Brazilian mining giant Vale (VALE5.SA)(RIO.N) said on Thursday its net profit more than doubled in the fourth quarter as cost controls, production cuts and a weaker local currency helped it offset weaker demand for metals. Vale,...

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02/19/09 MEMBER NEWS: American Airlines and Brazil's GOL Airlines Announce Interline Ticket and Baggage Agreement

Agreement Makes Travel to/from Brazil Easier and More Convenient American Airlines, which already offers more flights to Brazil than any other U.S. airline, is making it even more convenient for travelers to see more of South...

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02/18/09 MEMBER NEWS: Brazil Petrobras produces record oil volumes in Jan

Petrobras' oil production in Brazil reached a monthly record in January, the company said on Tuesday, even as a global financial crisis hurt demand for commodities and knocked oil prices lower. Petrobras (PETR4.SA) produced 1.923...

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02/17/09 Brazilian Telecom Shows Resilience

The financial crisis has already reached Brazil, but some sectors are more negatively influenced than others. The entire commodity export sector has been facing a difficult time as worldwide demand shrinks, while some sectors...

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02/17/09 Brazil Motor Vehicle Sales Up 15.5% Mid-Feb - Fenabrave

Brazilian automakers sold 15.5% more cars and trucks in the first two weeks of February compared with the same period in January, the National Motor Vehicle Dealership Association, or Fenabrave, said Tuesday. Brazil car dealers...

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02/13/09 Brazil's Vivo says 2008 its best year in five

Brazil's largest mobile phone company Vivo Participacoes said on Friday its fourth-quarter profit surged nearly ten-fold because of a sharp increase in new users and as it kept costs in check. The company's chief executive...

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02/12/09 Brazil to Build 1 Million Homes by 2010, Lula Says

Brazil’s president, Luiz Inacio Lula da Silva, said the government will help build 1 million new homes by 2010 to revive economic growth as the global financial crisis leads to layoffs in Latin America’s largest economy. Lula,...

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02/12/09 Brazil dollar inflows to Feb 6 reach $345 mln

Net inflows of U.S. dollars to Brazil totaled $345 million this month through Feb. 6, central bank data showed on Wednesday. The figures compared with outflows of $3.02 billion for the whole of January. Net inflows from trade...

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