Tag - Brazil

‘Tariff Man’ Trump Has Brazil All Wrong

Kenneth Rapoza, Forbes President Donald Trump reinstated tariffs on Brazilian steel and aluminum. Steel is a top 10… [+] EVAN VUCCI / ASSOCIATED PRESS President Trump has Brazil all wrong. And the market seems to think so as well, because the country’s stock market is beating the S&P 500 and the rest of the emerging markets index again on Wednesday. The self-described “tariff man” reinstated tariffs on Brazilian steel on Tuesday. He blamed a weak Brazilian real for his decision, saying the weakened [...]

Brazilian Government Will Keep Only Petrobras and Two Federal Banks

Privatization secretary Salim Mattar says that only oil company and banks Caixa Econômica Federal and Banco do Brasil will remain in the government Joana Cunha Folha de S. Paulo Salim Mattar, Bolsonaro’s appointee to oversee the privatization of state companies, said on Tuesday (29th) that the government wants to keep only Caixa Econômica Federal, Banco do Brasil and Petrobras and sell the rest of all state-owned companies. “We already have the president’s support to reassure that only these three will remain. And they [...]

US companies doing business in Brazil: what you should know

  Just 25 years ago, 66% of Brazil’s rural population and 38% of its urban residents lived below the poverty line. Today, the country remains an incredibly attractive investment proposition for companies around the world. There seems to be an optimism about Brazil that persists despite ongoing corruption scandals and economic uncertainties – and despite Brazil being one of the toughest and most challenging places to do business in the world. For US companies looking to invest in Latin America, Brazil remains [...]