The spectacular Brazilian pavilion in the Xangai Expo 2010, China, became one of the most discussed. Created in an area of 2,000 Square Meters, the tropical-forest-like Brazil Pavilion shows off the cultural diversity and dynamism of Brazilian cities with the theme “Pulsing Cities: Feel the Life of Brazilian Cities.” The Expo has reportedly cost more than [...]
Posts Tagged ‘business opportunities’
Brazil: What’s next?
Brazil has climbed out of recession and appears on the verge of receiving a new investment-grade rating. That’s what Market Watch wrote in an article published this Friday (18) in its website. Like many other countries, Brazil made a number of moves to shield its economy from the effects of the worldwide credit crunch that triggered [...]
Has Brazil won a millionaire ticket?
An article in this week’s edition of The Economist commented on the destiny of Brazil’s most recent oil discoveries, which could be a curse or a “millionaire ticket” – as President Lula said –, if the resources are used wisely. The magazine highlighted the issues of pré-sal wealth are “nice problems to have”, once that [...]
David Neeleman thinks Brazil is just as good a place to do business as America
THE ECONOMIST – When David Neeleman returned to Brazil as a 19-year old Mormon missionary, he spent two years among shoeless children and their toothless parents in the country’s poor north-east. The experience turned him into “kind of an anarchist”, he says. His band of missionaries rented a house in Recife that was next to [...]
Itaú Unibanco to Merge Units With Porto Seguro Insurance
Itaú Unibanco, one of Latin America’s biggest financial conglomerates, is merging its insurance unit with Porto Seguro in a deal valued at 1.7 billion reais (or US$ 930 million), as – according to an article posted today in The New York Times’ blog - the country’s financial sector continues to consolidate. Itau Unibanco, itself the product of [...]
Foreign investors can have up to 25% of Brazilian Magazine Luiza
Magazine Luiza, one of the biggest Brazilian retailer, obtained approval from Brazil’s national monetary council (CMN) to expand foreign investors participation up to 25% in its financial company, Luizacred. With this approval, which still depends on President Lula’s agreement, the retailer itself gets close to an opening of capital on the stock exchange. Luizacred is controlled [...]
In Brazil, cell phones become credit cards
If cell phones are considered, for more than ten years now, the object a Brazilian can’t leave home without, in a very near future it will be possible to go out without the second most important item: the wallet. The use of cell phones for payments, very popular amongst the Japanese, is beginning to gain strength in [...]
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 [...]
G-8 to G-20, a “smooth and elegant” transition
After receiving a death sentence from Brazil’s Minister of Foreign Affairs, Celso Amorim, G-8 – group of the seven richest countries and Russia – is now being threatened with a proposal of a “smooth and elegant” disassemble by the Brazilian government, in this week’s G-8 summit in L’Aquila, Italy. The Brazilian president, Luiz Inácio Lula [...]
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, [...]