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 growth have spurred optimism on second-quarter earnings, which are just getting under way. “With the [...]
Posts Tagged ‘Brazilian economy’
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 rate was reduced to 5.35% from 5.42%. Despite the reduction, it is still above the [...]
Brazil tighten steps for 2014 World Cup, 2016 Olympics
Brazilian President Luiz Inacio Lula da Silva signed on Monday a decree raising the level of indebtedness for host cities to ensure the completion of infrastructure works for 2014 World Cup and Rio de Janeiro 2016 Olympic Games. During the ceremony to launch the decree, the president announced that 3.545 billion will be allocated to [...]
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 entrepreneurs can use to seek business opportunities in the wider East African Community, a five-nation [...]
Brazil: The Future Testing Ground of The World
By Betting in Brazil You are a multinational company with a new product. Where will you test market: San Francisco, London, Jakarta, Switzerland, Japan or Brazil ? Take a guess. 7.000 new products were introduced in Brazil in the first semester of 2009. Nearly 6% of all new products introduced in the world. Why? For [...]
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 [...]
Brazil booms on real estate
Brazilian real estate is booming again. After a relatively bad period, sales have rebounded in Brazil, an American real estate private equity investor said in an interview to Reuters last Tuesday. Launched two weeks ago, a 104-unit residential project directed at middle-income families in Sao Paulo’s Vila Carrao area is the best example of that, [...]
Brazilian consumers in a good mood
Brazilian consumers seem to be in a good mood. The Consumer Confidence Index (ICC, in the Portuguese initials) is 4.1 percent higher compared to the previous month and has achieved its highest value since last September. According to Fundação Getúlio Vargas (FGV), a key-factor for this improvement was Brazil’s current economic situation, which generates positive [...]