Monthly Archives: July 2009
Foreign investors can have up to 25% of Brazilian Magazine Luiza
Magazine Luiza, one of the biggest Brazilian retailer, obtained approval from Brazil’s national monetary council (CMN) to expand foreign investors participation up to 25% in its financial company, Luizacred. With this approval, which still depends on President Lula’s agreement, the … Continue reading
Posted in Foreign Investment
Tagged Business in Brazil, business opportunities, Fininvest, Lula, Maganize Luiza, retailer
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Brazil, one of the multinationals’ sweethearts
GENEVA – With both eyes on the Brazilian market, multinationals indicated the country as the fourth favorite place to invest in the next two years, according to a research of United Nations Conference on Trade and Development (Unctad). BRIC members … Continue reading
Posted in Foreign Investment
Tagged Brazil, BRIC, Business in Brazil, China, Foreign Investment, India, investment in Brazil, multinational, multinationals in Brazil, Russia, UN, Unctad
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Obama touts trade in meeting with Brazil’s Dilma Rousseff
REUTERS, WASHINGTON D.C. – President Barack Obama said on Tuesday he wants stronger ties with Brazil, especially in the commercial area, reported yesterday Dilma Rousseff, a top aide and possible candidate to Brazil’s ruler party in 2010 presidential elections. “He … Continue reading
In Brazil, cell phones become credit cards
If cell phones are considered, for more than ten years now, the object a Brazilian can’t leave home without, in a very near future it will be possible to go out without the second most important item: the wallet. The use … Continue reading
Posted in Business
Tagged Brazil, Business, business opportunities, Cell phones, Oi, telecommunication, Vivo
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GM announces a R$ 2 billion investment in Brazil
General Motors of Brazil announced today the investment of R$ 2 billion in the country. This is the car company’s first investment in Brazil after the process of restructuring of its headquarters in the U.S., which ended last week. … Continue reading
Posted in Foreign Investment, industry
Tagged automobile, Brazil, Brazilian market, Business, Employment, GM, industry, investment in Brazil, Rio Grande do Sul
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Foreign investors targeting Brazilian market
The great potential of the Brazilian consumer market has become a major target for foreign investment. Between this year’s January and May, foreigners have invested more than US$ 11.2 billion in industry, commerce, agriculture and service in general – the … Continue reading
Brazil is ‘dancing through the crisis’, reports FT
Financial Times published yesterday a special report about Brazil. In its front page, the correspondent in Sao Paulo Jonathan Wheatley stated that Brazil is ‘dancing through the economic crisis’. The publication starts from a personal focus on the owners of a Brazilian … Continue reading
Posted in Brazil and the world, Brazil's Economy, Business, Foreign Investment, industry
Tagged Brazil, brazilian culture, Brazilian economy, Brazilian Society, Business, Business in Brazil, business opportunities, carnival, cars, Financial Times, flex-fuel, Guido Mantega, investment, Lula, Lula and Sarkozy, Obama, oil in Brazil, safe investment, tourism in Brazil
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G-8 to G-20, a “smooth and elegant” transition
After receiving a death sentence from Brazil’s Minister of Foreign Affairs, Celso Amorim, G-8 – group of the seven richest countries and Russia – is now being threatened with a proposal of a “smooth and elegant” disassemble by the Brazilian … Continue reading
Posted in Brazil and the world, Brazil's Economy
Tagged Brazil, BRIC, Business, business opportunities, Élysée Palace, emerging countries, emerging markets, G-20, G-5, G-8, G-8 summit, Italy, L'Aquila, new world order, Sarkozy
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Record automobile sales in Brazil
New automobile sales in Brazil soared 21.5 percent in June from May, turning in a record month as a combination of tax breaks, lower prices and improved confidence prompted consumers to flock to showrooms, the national dealers’ association, Fenabrave, said … Continue reading
Posted in Brazil's Economy, Business, industry
Tagged automobile, Brazil, Brazil's Economy, Business, cars, Ford, industry, IPI, Lula, sales, tax break
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