“A big vote of confidence on Brazil came less than 48 hours before our exclusive interview with Brazilian President Luiz Inacio Lula da Silva”, the television network CNBC wrote in an article posted this Monday (28) on its website. The vote of confidence is the upgrade of Brazil’s credit rating to an investment grade rating [...]
Posts from ‘September, 2009’
Rio carrying Olympic hopes of an entire continent
Brazilians are promising to transform the region and captivate the world with a well- organized Olympics played out near the city’s stunning beaches and famous landmarks. Rio anxiously awaits the Oct. 2 host-city vote in Copenhagen, especially after gaining front-runner status following a positive evaluation by the International Olympic Committee in its final report on the four finalists for 2016. Thousands of Cariocas, as Rio citizens are known, are expected to make it to Copacabana beach to watch the IOC announcement, hoping for a big celebration by the Sugar Loaf mountain and the Christ the Redeemer statue.
Flex-fuel time in Brazil
For the second time this year, light vehicles equipped with flex-fuel technology accounted for 94% of all light vehicle sales in Brazil in August, the highest share recorded since the introduction of flex cars in 2003. The same share was reached for the first time in June of this year. Numbers released by Brazil’s National [...]
Brazil: What’s next?
Brazil has climbed out of recession and appears on the verge of receiving a new investment-grade rating. That’s what Market Watch wrote in an article published this Friday (18) in its website. Like many other countries, Brazil made a number of moves to shield its economy from the effects of the worldwide credit crunch that triggered [...]
More yield, without many risks?
Invest in emerging markets:
Brazil’s Economy Pulls Out Of Recession
THE WALL STREET JOURNAL – Brazil flexed its muscle as an emerging-market power in the second quarter as Latin America’s largest economy pulled itself out of recession on strong performance by the industrial and service sectors. Brazil’s gross domestic product expanded 1.9% in the second quarter compared with the first quarter this year, the Brazilian [...]
A voice for the emerging nations
Brazil wants developing countries to have their say and a bigger vote share in the IMF and in the World Bank. According to an article published this Tuesday (8) by the Brazilian newspaper Folha de S. Paulo, that is the government’s main goal for the next G-20 meeting in Pittsburgh, U.S., on September 24th. Brazil’s official [...]
Has Brazil won a millionaire ticket?
An article in this week’s edition of The Economist commented on the destiny of Brazil’s most recent oil discoveries, which could be a curse or a “millionaire ticket” – as President Lula said –, if the resources are used wisely. The magazine highlighted the issues of pré-sal wealth are “nice problems to have”, once that [...]