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11/10/08 '100bn barrels' in new Brazil oilfield

Brazil's newly discovered "pre-salt" oilfields may contain more than 100bn barrels, Haroldo Lima, head of the industry regulatory, said yesterday. Mr Lima said just the pre-salt oilfields already under concession may contain...

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11/10/08 Emerging economies want say in financial reforms

President Luiz Inácio Lula da Silva of Brazil demanded that major changes of the international financial system include strong input from large emerging nations and said the collapse of modern banking structures is victimizing...

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11/10/08 Demand for a Say on a Way Out of Crisis

The Group of 20 finance ministers and central bankers met over the weekend here with the intent of laying the groundwork for a critical meeting of world leaders in Washington next Saturday to tackle the global financial crisis....

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11/10/08 G-20 leaders work toward global stimulus package

Finance ministers and central bank presidents from 20 leading nations called Sunday for an increased role for emerging economies in negotiations to overhaul the international financial system. Top officials said the Group of 20,...

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11/10/08 Brazil's Lula Urges 'Global Solutions'

G-20 Session Stresses Developing Nations' Role in Solving Crisis Brazilian President Luiz Inácio Lula da Silva told international finance ministers Saturday that developing countries must be given a greater role in finding...

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11/09/08 Brazil demands sweeping global financial overhaul

Brazil's president on Saturday demanded that major reforms of the international financial system include strong input from large emerging nations and said the collapse of modern banking structures is victimizing the world's poor...

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11/05/08 MEMBER NEWS: TAM is the Most Punctual Brazilian Airline in October

In first ten months of year, company recorded 85.5% punctuality on average, three percentage points better than the market average TAM Linhas Aereas (Bovespa: TAMM4 and NYSE: TAM) closed October with 90% of flights operating...

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11/04/08 A Bright Spot in Tough Times

WHOEVER says the entire world needs to deleverage hasn’t paid attention to what’s happening in Brazil. Banco Itaú’s $15 billion takeover of a rival, Unibanco, should change that. The deal, announced Monday, creates Latin America’...

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11/04/08 Brazil's Industrial Production Rose 9.8% in September

Brazil's industrial production rose more than forecast in September, a month before the global credit crisis hit Latin America's biggest economy. Output rose 9.8 percent from a year ago, more than the 8.6 percent median forecast...

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11/03/08 Itau Agrees to Acquire Unibanco, Creating Brazil's Biggest Bank

Banco Itau Holding Financeira SA agreed to acquire Uniao de Bancos Brasileiros SA in a stock transaction, creating Brazil's biggest bank as fallout from global market turmoil spread to Latin America's largest economy. The...

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11/03/08 MEMBER NEWS: Linklaters adds Alberto Luzárraga as partner in New York

Appointment adds significant cross-border experience to US corporate and M&A practice Linklaters today announces the election of Alberto Luzárraga as a partner in its corporate / M&A practice group in New York.  Mr...

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10/31/08 Brazil Shouldn't `Underestimate' Credit Crisis, Meirelles Says

Brazilian central bank President Henrique Meirelles warned the country ``shouldn't underestimate the dimension of the crisis'' and said further measures may be needed to restore liquidity in the banking system. Meirelles, in...

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10/31/08 Brazil sees no recession, readies new credit lines

Brazil's top economic officials said on Thursday the global financial crisis will not push the country into a recession and that the central bank would unveil new credit measures for exporters suffering from a liquidity crunch. "...

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10/30/08 Fed supports emerging economies

The Federal Reserve's decision to lend Mexico, Brazil, South Korea and Singapore $30bn each marks both the spread of the financial crisis to the emerging world and the increased global significance of these economies. The move is...

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10/29/08 In Brazil, Biofuels Dream Is Already Reality

The Iowa farm Chuck Grassley calls home sits on 800 acres bursting with corn and soybeans. Though he bought it in the 1960s, his rural roots stretch back to his childhood, when his father set up a family agribusiness after World...

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10/29/08 MEMBER NEWS: AGCO Reports Third Quarter Results

AGCO Corporation, a worldwide manufacturer and distributor of agricultural equipment, reported record third quarter net sales of $2.1 billion and record net income of $1.04 per share for the third quarter of 2008. Adjusted net...

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10/29/08 MEMBER NEWS: Pinheiro Neto Advogados "most admired law firm in Brazil"

From Pinheiro Neto Advogados: It is our pleasure to announce that, for the third consecutive time, Pinheiro Neto Advogados has been named "The Most Admired Law Firm in Brazil", with 24 of our lawyers individually mentioned in...

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10/27/08 MEMBER NEWS: Brazil's Bradesco posts higher 9-months profits

Brazilian financial group Banco Bradesco posted on Monday a net profit of 6.015 billion reais ($2.59 billion) for the first nine months, up from 5.817 billion reais in the year-earlier period. Bradesco, Brazil's largest private-...

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10/24/08 Mexico and Brazil Step In to Fight Currency Declines

As Dollar Scarcity Puts Pressure on Peso and Real, and Squeezes Local Exporters, Central Banks Dig Into Reserves Underscoring the growing impact of the global financial crisis on Latin America, central banks in Mexico and Brazil...

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10/23/08 Brazil jobless rate unchanged at 7.6 pct in Sept

Brazil's jobless rate stood at 7.6 percent in September, unchanged from August, the national statistics agency IBGE said on Thursday. The unemployment rate compared to the 7.4 percent median forecast of 10 economists surveyed by...

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