South Korea’s Hyundai announced the construction of a $600 million car plant in the city of Piracicaba, in São Paulo state. The unit, which should come on stream in 2012, is also expected to attract eight auto parts suppliers, which should invest more than $250 million. It also said it is going to invest $150 million to build a [...]
Posts under ‘Foreign Investment’
There are many good reasons to invest in Brazil
Soccer… the Samba… and carnivals.These are the things that spring to mind when you mention Brazil. But these days, the country is increasingly considered an excellent destination for investment capital, too. In fact, it may very well become one of the 21st century’s new economic powers, alongside places like China and India. The solid economic [...]
China shows interest in Brazilian high speed rail system
When the Chinese president Hu Jintao arrives in Brazil next Friday for the second BRIC – Brazil, Russia, India and China – summit, scheduled from April 14 to 17, in Brasília, one of the main topics of his conversation with president Luis Inácio Lula da Silva will be China´s growing interest in taking part of [...]
German businessmen interested in the opportunities created by the World Cup and Olympics in Brazil
During a recent visit he paid to Brazil, The German Foreign Affairs Minister and Vice-Chancellor Guido Westerwelle stressed that Germany really wants to strenght its relations with the South America economic giant. “It is very important for Germanry to maintain close ties with Brazil because the ‘green giant’ has awaken, said Westerwelle, referring to the [...]
China pays US$1.2 billion for Brazilian iron ore mine
A state-run Chinese mining company said it has agreed to buy the Itaminas iron ore mine in Brazil from its owner, Bernardo de Mello. The East China Mineral Exploration and Development Bureau, based in Nanjing, said it had bargained the asking price for the mine, which produces 3 million tons of high-grade iron ore a year, [...]
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 [...]
Why Brazil Is the New China for Investors
By Louis Navellier - Nasdaq.com Lots of investors are clamoring over China right now because stocks there have experienced phenomenal growth since January 1, 2009. There’s no mystery behind China’s appeal: The country has experienced robust economic growth even in the worst of the recession, including a nearly 9% annualized gain in GDP for the third-quarter [...]
IBM in $200m Brazil software tie-up
By Richard Waters in San Francisco IBM announced a $200m software deal with a technology partner in Brazil, the biggest software deal of its kind this year, in the latest sign that emerging markets remain a notable bright spot for the technology industry. Speaking in an interview with the Financial Times, Steve Mills, head of [...]
Helping Brazil to help itself
The IMF should end its Washington consensus policies and encourage Brazil to strengthen, not eliminate, capital controls Kevin Gallagher – guardian.co.uk Traders at Sao Paulo’s futures exchange. Photograph: Mauricio Lima/AFP/Getty Images In an effort to stem the appreciation of its currency, the real, Brazil has twice resorted to capital controls. In response to these measures, [...]