News & Articles

News & Articles

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04/25/08 Brazil's Oi to buy Brasil Telecom for $3.5 bln

Brazil's Oi Participacoes said on Friday it agreed to buy local rival Brasil Telecom  for 5.86 billion reais ($3.5 billion), forging a homegrown telecoms giant to compete with Spain's Telefonica  and Mexico's America Movil. The...

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04/25/08 The Liberalization of the Brazilian Reinsurance Market

On April 17th, 2008, Brazil opens its Reinsurance Market to Foreign and National CompaniesAfter 69 years of the Brazilian reinsurance industry state-held monopoly centered on IRB-Brasil Re (IRB  BRASIL RESSEGUROS S.A., the...

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04/21/08 When will Brazil achieve a full investment grading status?

A look at Brazil's credit rating trajectory in the last five years points at an increasing number of grading actions at a time-frame shorter than the average at S&P 500.  This reflects the dynamist in the Brazilian credit. ...

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04/10/08 Marriott Pledges $2 Million to Protect Brazilian Rainforest

Marriott International will commit $2 million to protect an endangered rainforest in the Brazilian state of Amazonas. The company is also furthering its environmental goals for reducing energy, greening its supply chain and...

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04/10/08 Petrobras:March Brazil Ethanol Sales Likely Outpaced Gasoline

The consumption of ethanol fuel in Brazil in March likely outpaced that of gasoline, the head of the fuel distribution unit of state-run oil firm Petroleo Brasileiro SA, or Petrobras, said Wednesday. "In February, ethanol and...

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04/07/08 Petrobras to Spend $15 Billion to Double Oil Output

 Petroleo Brasileiro SA, Brazil's state-controlled oil company, will invest $15 billion on overseas oil projects, aiming to double its crude oil production to capture growing demand in Asia and South America. The Rio de Janeiro-...

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04/03/08 Brazil: Full Speed Ahead

Brazil is set for another strong year despite the U.S. slowdown and growing global credit crunch, experts say. Last week, Brazil's and Latin America's aviation industry was abuzz with the news that David Neeleman, the founder and...

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03/31/08 Energy's Hot in Brazil

In the race to exploit deepwater oil and gas reserves, keep your eye on Brazil. That's the conclusion of Elliott H. Gue, editor of the newsletter Energy Strategist. Deepwater, in Gue's view, is the final frontier of oil field...

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03/31/08 JetBlue Founder to Create Low-Fare Carrier in Brazil

David Neeleman, a serial airline entrepreneur who founded JetBlue Airways Corp., said he intends to start his fourth carrier next year in Brazil, with the goal of bringing low fares and more nonstop flights to the country of his...

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03/26/08 Brazil's BM&F, Bovespa announce merger deal

Brazil's BM&F SA (BMEF3.BR), the local commodities and futures exchange, and Bovespa Holding SA (BOVH3.BR), the publicly traded company that owns and manages the Brazilian Stock Exchange, announced late Tuesday that their...

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03/25/08 Doha trade talks closer to deal than ever

The Doha round of global trade talks is close to reaching an accord in principle on industrial tariffs and farm subsidies and quotas, Brazil's chief trade negotiator said on Monday. "We're closer to an agreement than ever before...

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03/24/08 Finance Minister says Brazil GDP grew more than five per cent in 2007

Latin America's biggest economy grew more than five per cent in 2007 on high global demand for Brazilian ethanol, iron ore, and agricultural products and a booming domestic market, Finance Minister Guido Mantega said Friday....

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03/24/08 Brazil's moment in the sun

Brazil’s dramatic rise is largely due to the considerable macro-economic achievements of President Lula during his first term.  At this time of global financial turmoil, one has to marvel at how Brazil’s standing has risen in...

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03/18/08 Brazil Real Estate: Having a Ball

Real estate loans in Brazil have nearly quadrupled the past three years. And the sector should continue growing at strong levels. Mauro Costa no longer lives in a rented apartment on the periphery of Sao Paulo. He is one of the...

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03/14/08 Brazilian Development Bank loaned US$ 39.6 billion in 12 months

The Brazilian Development Bank (BNDES) announced today (13th) that it spent 66.6 billion reals (US$ 39.6 billion) on financing in the last 12-month period ending in February, a record-high value 21% higher than recorded in the...

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03/12/08 Brazil Fourth-Quarter GDP Expands Greater-Than-Expected-6.2%

Brazil's economy expanded a greater-than-expected 6.2 percent in the fourth quarter, the fastest year-on-year quarterly expansion since June 2004. Gross domestic product rose more than the median 5.6 percent forecast in a...

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03/12/08 Brazil May Ease Regulations for Exporters' Earnings

Brazil may allow exporters to keep more of their dollar-denominated earnings overseas in a bid to slow the appreciation of the real against the U.S. currency, Finance Minister Guido Mantega said. The regulations, which were...

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03/11/08 Brazilian mining to receive US$ 32 billion

The mining industry in Brazil plans to invest US$ 32 billion by 2011, according to forecasts by the Brazilian Mining Institute. Of this total, US$ 14 billion should be sent to the iron ore sector. The heated domestic and foreign...

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03/11/08 Automakers plan to invest US$4.9 billion in Brazil in 2008

Automobile manufacturers in Brazil will invest US$4.9 billion (€3.19 billion) in 2008, more than double what was invested in 2007, a manfacturing association said Monday. According to the Brazilian Motor Vehicle Manufacturers...

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03/10/08 Brazilian officials optimistic in spite of US recession

 Brazil economy grew more than 5% in 2007 on high global demand for agricultural products, ethanol and iron ore and a booming domestic market, Finance Minister Guido Mantega said Friday in a press conference.President Lula da...

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