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 [...]
Posts Tagged ‘Financial Times’
Brazilian merger creates largest bank in South America
Here’s a quick news round up, about the largest merger in the Brazilian banking history. Itau and Unibanco have announced a joint-venture yesterday creating the largest bank in Latin America – arguably the first major banking player in Latin America – combining about $260 billion in assets. The new Itau-Unibanco has also already announced investments [...]
FT: Brazil’s low exposure may dilute turmoil
Excellente article from the Financial Times: At Fábio Marangoni’s printing works in São Paulo, pages of glossy magazines emerge almost silently from modern printing presses imported from Germany. Asked how much he borrowed to install the presses, Mr Marangoni replies with an air of self-satisfaction. “Nothing,” he says. “We used our own capital.” His family-owned [...]