The nation is reviving its space program as part of a push to secure its territory. ‘In the coming era of scarcity, we’re going to have to defend what we’ve got,’ a consultant to the Defense Ministry. By Chris Kraul – Los Angeles Times Brazil’s planned reentry into the satellite business next year is more [...]
Posts under ‘industry’
Brazil girds for massive offshore oil extraction
State-run Petrobras is poised to become a major global player One of the Petrobras platforms By Juan ForeroWashington Post Foreign Service Everything about the shipyard here is colossal — the 4,000-man workforce, the billions sunk into it in capital costs, the half-finished 10-story-high production platforms. But then, so is the challenge facing Brazil’s state-controlled energy [...]
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. About 50 percent of the investment will be made with the company’s own resources; the rest will [...]
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 micro-distributor who are investing more in their business in Recife (north-western Brazil), passes through the [...]
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 on Thursday. Sales of new cars and trucks also surged 17.2 percent from June 2008, [...]