“As the popular two term president of Brazil Luiz Inácio Lula da Silva presided over a period of significant growth in the economy that has solidified the country as the center of gravity in Latin America and an increasingly important player in the world.” That´s the way The New York Times begins a long and detailed [...]
Posts Tagged ‘New York Times’
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, [...]
New massive banking merger in Brazil, this time on state-controlled banks
As mentioned in this blog on November, 10th, Brazil’s banking system is bracing itself for a wave of consolidation. The last announcement came yesterday as Banco do Brasil, the country’s top state-controlled bank announced it will spend US$2.3 billion to buy a 71.3 percent share in Banco Nossa Caixa SA, owned by the Sao Paulo [...]