from BBC NEWS Brazil’s economy grew at its fastest rate in at least 14 years in the first three months of 2010, official figures have shown. Its gross domestic product (GDP) surged by 9% compared with the same period a year earlier. However, higher interest rates and the withdrawal of some tax breaks are expected [...]
Posts Tagged ‘Brazil’s Economy’
Brazil Celebrating Low Unemployment and High Industrial Output
According to the site BrazilMagg, The Department of Socio-Economical Statistics and Studies (“DIEESE”), reveals that the Brazil the lowest unemployment rate in Brazil for the month of March since 1998, when it was 15.1%, even although unemployment in March rose to 13.7%, from 13% in February. The numbers are from a survey by the labor-union-linked [...]
THE OPPENHEIMER REPORT: Brazil a nuclear power? Probably not
BY ANDRES OPPENHEIMER AOPPENHEIMER@MIAMIHERALD.COM Latin America has long prided itself on being the world’s most populated nuclear weapons-free region, but recent statements by top Brazilian and Venezuelan officials are making many of us wonder for how long that will be the case. Brazil’s Vice President Jose Alencar made big headlines late last month when he [...]
More yield, without many risks?
Invest in emerging markets:
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, [...]
Bric countries: growth even in the (developed) world crisis
The dependence from emerging economies on the developed world has never been so questioned before. In the middle – or the beginning? – of a crisis which crushed first world markets, the economy of countries like the members of Bric (Brazil, Russia, India and China) continue to grow, outperforming their developed peers. “We are already [...]
BRIC will discuss alternative solutions to economic crisis
Brazil, Russia, India and China are seeking alternative answers to the current global crisis. The leaders from the four countries will meet in the Russian city of Yekaterinburg on June 16. “The tendency among the BRICs is to insist on having an approach to the crisis that focuses primarily not on finance but on the [...]
New massive banking merger in Brazil, this time on state-controlled banks
As mentioned in this blog on November, 10th, Brazil’s banking system is bracing itself for a wave of consolidation. The last announcement came yesterday as Banco do Brasil, the country’s top state-controlled bank announced it will spend US$2.3 billion to buy a 71.3 percent share in Banco Nossa Caixa SA, owned by the Sao Paulo [...]
Banks in Brazil: prepare for a wave of consolidation
Still about the banking situation in Brazil, news come out everyday about new joint-ventures including heavy weights on the public sector – ie. Nossa Caixa and Banco do Brasil. The Financial Times gave a note about the consolidation process running at full throttle in the country. Brazil’s banks are preparing for a wave of consolidation [...]