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 ‘industry’
Brazilian mining company concludes important steps of the fertilizer assets acquisition
According the Euroinvestor Vale S.A. Vale do Rio Doce announces that it concluded the acquisition, through its subsidiary Mineração Naque S.A., of a direct and indirect stake of 58.6% in the equity capital of Fertilizantes Fosfatados S.A. – Fosfertil (Fosfertil) – a company listed on the BM&F Bovespa and the largest Brazilian producer of fertilizer [...]
GM announces a R$ 2 billion investment in Brazil
General Motors of Brazil announced today the investment of R$ 2 billion in the country. This is the car company’s first investment in Brazil after the process of restructuring of its headquarters in the U.S., which ended last week. About 50 percent of the investment will be made with the company’s own resources; the rest will [...]
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, [...]
Seattle Times: Brazil has new standing in the world
The Seattle Times was yesterday full of praises for Brazil’s leading position as a major economy. Tyler Bridges talks about Saturday’s G-20 summit in Washington and how President Lula is trying to convince G7 countries leaders to give a bigger say to developing countries. The idea is to create a permanent G14, including Brazil, Russia, [...]