Category Archives: Brazil’s Economy

Brazil may become seventh largest economy in 2011

According to The Economist Intelligence Unit, in 2011 Brazil would move ahead of Italy into seventh place in the ranking of the largest world economies with a GDP of US$2 billion. The list of the world’s largest economies is expected … Continue reading

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China interested in investing in agri-business in Brazil

Chinese companies are preparing to invest in agri-business in Brazil, according to a report published Wednesday in Brazilian daily newspaper Estado de Sao Paulo. The daily said that in April the China National Agricultural Development Group Corporation said it intended … Continue reading

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Emerging markets: Brazil earnings boost Latam stocks

Latin American stocks rose on Wednesday, boosted by solid earnings in Brazil, but a downbeat reading of the U.S. economy by the Federal Reserve cut into gains and spurred losses in Mexico and Chile.In Brazil the strong rates of economic … Continue reading

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Brazil economists reduces 2010 inflation forecast to 5.35%

Brazilian financial market analysts and economists reduced their estimates for the country’s 2010 IPCA inflation rate for the third consecutive week, according to the Central Bank of Brazil’s market survey published Monday. The average estimate for the 2010 year-end IPCA … Continue reading

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World Cup: Brazil’s infrastructure for 2014 will be ready, says president

Brazil’s President Luiz Inacio Lula da Silva said on the weekend that the country’s airports will be ready to answer the demand of the 2014 FIFA World Cup. The Brazilian president, who met with South Africa’s President Jacob Zuma in … Continue reading

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Kenya to get Brazil’s help to produce biodiesel

The Seattle Times has published a very interesting article saying that Brazil, the world’s leading ethanol exporter, will help Kenya produce biodiesel and improve its agriculture sector. According to the article, Kenya is an investment hub that Brazilian companies and … Continue reading

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In Lula’s footsteps

According to an article published in The Economist, Dilma Rousseff is cruising towards victory on the coat-tails of a popular president. But there is more at stake in October’s election than meets the eye On July 6th the campaign for … Continue reading

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Fitch confirms Brazil’s investment grade

World-renowned credit rating agency Fitch Ratings announced on Monday the confirmation of Brazil’s investment grade. Fitch stated that Brazil’s Issuer Default Rating will be maintained at the BBB- level, the lowest investment grade granted by the agency. The country ceiling … Continue reading

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Brazil Petrobras shareholders approve capital increase

Shareholders of Brazilian state-run energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, approved a capital increase Tuesday, clearing the way for what’s expected to be one of the world’s largest-ever share offers. Shareholders granted the company’s request to increase … Continue reading

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Brazil ‘on way to becoming 5th-largest economy’

According to an article published on Herald staff journal, Brazil is one of the big boys now and its self-dependent economy is a powerhouse, not only regionally but globally, there’s no disputing that. Ever since former president Fernando Henrique Cardoso … Continue reading

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