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 ‘Business’
World Cup: Brazil’s infrastructure for 2014 will be ready, says president
Brazil’s President Luiz Inacio Lula da Silva said on the weekend that the country’s airports will be ready to answer the demand of the 2014 FIFA World Cup. The Brazilian president, who met with South Africa’s President Jacob Zuma in Pretoria, said that any worries about Brazil’s infrastructure for the 2014 World Cup are unwarranted.”I [...]
Brazil ‘on way to becoming 5th-largest economy’
According to an article published on Herald staff journal, Brazil is one of the big boys now and its self-dependent economy is a powerhouse, not only regionally but globally, there’s no disputing that. Ever since former president Fernando Henrique Cardoso privatised companies such as Telebras between 1995 and 2002, he was laying valuable groundwork for [...]
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 [...]
Spring Wireless Secures $12 Million in Growth Equity Led by SAP Ventures
From Yahoo.com SEATTLE, Spring Wireless, a global leader in enterprise mobility platforms and applications, announced today that it has secured a $12 million series D round of financing. New investor SAP Ventures, a division of SAP AG, led the round, which also included the participation of existing investors Goldman Sachs and New Enterprise Associates (NEA). [...]
2010 Brazil Summit: “The next 10 years”
We are pleased to inform you that we are now organizing the 2010 Brazil Summit, which will be held Monday, April 26th in New York City during the IMF Meetings. This year’s theme will focus on “Brazil: The Next 10 Years.” The program will address investment opportunities (video below), primarily in major sporting events, which [...]
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 [...]
Another big ethanol deal is under way in Brazil
Major fuel companies are continuing to work on partnerships in Brazil to produce ethanol. Following the recent announcement that Shell and Cosan are in negociations to form a joint venture, ETH Bioenergy, a large Brazilian producer in the country, has just announced it was acquiring its rival Brenco. The merger of the two companies operations is [...]
Resource-rich Brazil puts up its guard
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 [...]
Brazil’s Best Income Stock Yields 7%
Bovespa in São Paulo By Anthony Haddad – StreeAuthority Brazil has been one of the best places for U.S. investors for a long time. During the past five years, the Bovespa Index, Sao Paulo’s premier index, has gained +167.0%, or +21.7% compounded annually. The S&P 500 has gained +9.8% in the same five-year period. Just [...]