In an interview with WSJ reporters, EBX CEO Eike Batista, who was recently named Forbes’s eighth-richest man, discusses Brazil’s future as a commodities powerhouse, establishing a relationship with China and how his take on philanthropy differs from the approach of Warren Buffett and Bill Gates. This year’s biggest gainer added $19.5 billion to his personal [...]
Posts from ‘March, 2010’
How Brazil became an economic giant
Brazil´s economic success is not just redefining Latin America, but also the economy of the entire world. The country was one of the first emerging markets to begin a recovery. Consumer and investor confidence revived and GDP growth returned to positive in the second quarter, 2009. Brazil has become an oil giant with the discovery [...]
Study shows Brazil invests heavily in clean energy
A new study by The Pew Charitable Trusts finds that investments in clean energy increased 230% among the G-20 in the last 5 years. According with the research, Brazil ranked sixth, after China, United States, Spain, the United Kingdom and Germany. “The clean energy economy represents one of the greatest economic opportunities of the 21st [...]
Brazil, the king of “soft power”
If you are curious about Brazil and want to know more about its people and the soft way they do things, especially when it comes to international politics, you will enjoy reading the article written by Robin Lustig, for the BBC. He says: “take a nation that is at peace with itself and with all of its [...]
More good news for Brazil in the subsalt layer
Initial tests in the subsalt layer of Brazil‘s Tupi offshore oil exploration area show potential for high productivity, state-controlled oil company Petrobras (PBR, PETR4.BR) said Tuesday. The company said a test at the 3-RJS-662A well initially produced a flow equivalent to 5,000 barrels a day, and estimated the same well at full capacity could produce up [...]
GM to invest $1 billion in Brazil up to 2012
The announcement was officialy made by the carmaker. According to the president of GM do Brasil, Jaime Ardila, the investment – half resulting from own resources and the other half from financing of public banks, such as Banrisul, Banco Regional de Desenvolvimento Econômico (BRDE) and the BNDES – will generate one thousand direct jobs. This [...]
Brazil becomes the 4th world´s largest car market
Brazil is set to surpass Germany this year to become the 4th largest car market in the world, after China, United States and Japan. According to a study by the German origin consultant firm Roland Berger on the Brazilian automotive industry, in 10 years, Brazilian car production went from the 10th to 4th place. The [...]
Brazil´s mobile handset market growing fast
Brazil’s consumer electronics devices market – computing devices, mobile handsets and video, audio and gaming products – is estimated at US$20.5bn in 2010. The country registered the sale of 1,17 million mobile handset units in February. Sales grew accounted for around 22% of Brazilian consumer electronics spending in 2009. Brazil’s market handset sales are [...]
Trade Winds Forum – The Americas Business Development Conference
Olympic Games/Soccer World Cup Symposium in Rio de Janeiro – A program for qualifying U.S. companies. Rio de Janeiro will host the first-ever Olympic Games in South America August-September 2016, as well as some of the games for the 2014 Soccer World Cup. These two events will generate numerous trade and investment opportunities in several areas, [...]