The announcement is the greatest progress of the first summit between Brazil, Russia, India and China that took place today in the Russian city of Yekaterinburg. When the meeting was coming to an end, the Brics agreed to act in a coordinated way on the reform of the international financial system. It was the Russian president, Dmitri [...]
Posts Tagged ‘investment’
When business and football match
Sun, heat, party and football. That’s what foreigners expect from the World Cup of 2004 in Brazil. And foreign real estate agencies have already started a race to sell houses and properties in the cities which will host the world championship. Brazil expects about 500 thousand tourists for the Cup. The volume is bigger than [...]
Help to Brazilian entrepreneurs
BrazilTradeNet is a commercial portal of Brazil’s Ministry of External Relations. It supports Brazilian entrepreneurs to enter in the North American market aiming to stimulate Brazilian exports and to attract foreign investment to Brazil. It is an interesting option for Brazilian investors who whish to know more about foreign importer companies available in Brazil, importation [...]
Brazil´s wireless market is booming as Vivo announces record growth
From Reuters (Tais Fuoco) * Q4 net income jumps to 215.5 mln reais vs 26.2 mln * 2008 profit 389.7 million reais vs loss 99.8 mln * Sees Brazil’s wireless market continuing to expand * Seen “a small growth” in January Brazil’s largest mobile phone company Vivo Participacoes (VIVO4.SA)(VIV.N) said on Friday its fourth-quarter profit [...]
Brazil´s Spring Wireless opens new HQ in Seattle
Spring Wireless has just established its U.S. headquarters in Seattle. The company is one of the fastest growing ventures in the mobile enterprise space and was originally founded in Sao Paulo, Brazil in 2001. It has operations across the Americas, Europe and Asia. “We see great potential in the U.S. market, which has traditionally lagged behind Europe and [...]
Carnival climate in Brazil, as property market celebrates new record growth
The property market in Brazil has celebrated the news that a new record growth has been achieved, to show that the credit crisis has not reached the South American country. Housing credit has closed 2008 with 299.746 properties financed, the highest number ever and a rise of up to 53% over 2007. According to ABECIP [...]
JetBlue launches budget airline service in Brazil
JetBlue or Azul Linhas Aereas, one of the leading low-cost carriers in the world, started its operations in Brazil this week to enter a underexplored and potential gold mine market in South America. The airline was founded by David Neeleman (right) with $150m from American and Brazilian investors with orders of up to $1.4 bi [...]
No recession in Brazil as GDP grows to 1.8%
The Brazilian govervenment has celebrated today as the country’s GDP has grown to 1.8 percent in the third quarter from the second. These are further signs that the South American country is resisting the global recession. According to the official statistics agency, IBGE, the expansion of the gross domestic product was faster than the 1.6 [...]
Brazilian Power.com introduces social inter networking portal
The New York Times highlighted the growth of Power.com, a start up social networking company from Brazil which aims to become the leading portal where people can access their virtual lives. Power’s investors include venture capital firm Draper Fisher Jurvetson and Esther Dyson. What the site does is to put in one place instant messages, [...]
Brazil sees record in direct foreign investments in 2008
The flow of direct foreign investments in Brazil has already surpassed the figure foreseen by the Brazilian Central Bank for the whole of 2008. According to the Central Bank, the total value of foreign investments in the country were US$ 37,1 billion, well above the predicted figure of US$ 35 billion. The value refers to [...]