Brazil is investing in an ambitious housing plan. The program, “My Home, My Life,” is the largest in Latin America aimed at cutting overcrowding in slums. The program is considered by experts a model for developing countries to alleviate the slum problems worldwide. According to the Associated Press article, published this Thursday: “There is much evidence [...]
Posts Tagged ‘Latin America’
Brazil has what it takes to become a world power
In a long article published in one of the leading newspapers in the world, Wall Street Journal, journalist Paulo Prada says: “For the past century, Brazil has been a land of great potential—but few results. With runaway inflation and stratospheric national debt, the country was too much of a mess for anyone to take it [...]
Brazil Announces Beginning Of End To Economic Stimulus
By Rogerio Jelmayer and Alastair Stewart Of Dow Jones Newswires SAO PAULO (Dow Jones)–Thanks to optimistic growth forecasts for Latin America’s biggest economy, Brazil’s president and central bank governor indicated that most economic stimulus programs the government enacted amid the global financial crisis will end next year. President Luiz Inacio Lula da Silva told [...]
Latin America’s honeymoon with Obama may be over
Presidente Obama meets Venezuela´s president Hugo Chavez BY ANDRES PENHEIMER Aoppenheimer@MiamiHerald.com Only a few months ago, Latin American leaders hailed the Obama administration as a new beginning in hemispheric relations. But now, the honeymoon is over. Brazil, the biggest country in the region, perhaps emboldened by its steady economic growth, oil discoveries and a recent [...]
After Lula
By John Prideaux: São Paulo bureau chief, The Economist Whoever wins, Brazil should remain in capable hands after its presidential election Latin America’s largest economy is enjoying its best moment for a long time. One of the last countries to enter the global downturn started by the financial sector in 2007, Brazil was also one [...]
Brazil’s Economy Pulls Out Of Recession
THE WALL STREET JOURNAL – Brazil flexed its muscle as an emerging-market power in the second quarter as Latin America’s largest economy pulled itself out of recession on strong performance by the industrial and service sectors. Brazil’s gross domestic product expanded 1.9% in the second quarter compared with the first quarter this year, the Brazilian [...]
Retail sales in Brazil grow by 9.4%
Unlike in the rest of the world, sales in Brazil are going up, showing the economic resilience of South America’s largest economy. Sales in September raised 9.4 percent, particularly on IT and computers. Check below a report from The Miami Herald today. Brazil’s retail sales rose more than economists forecast in September, a sign that [...]
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, [...]
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 [...]