Shareholders of Brazilian state-run energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, approved a capital increase Tuesday, clearing the way for what’s expected to be one of the world’s largest-ever share offers. Shareholders granted the company’s request to increase capital by up to 150 billion Brazilian reals ($84.8 billion) via the sale of up [...]
Posts Tagged ‘opportunity’
A Brazilian livestock firm has grown to prize-winning size
From Economist.com JBS spreads its wings Unless you work with quadrupeds, it may have escaped your notice that a Brazilian company, JBS, is about to become the world’s largest processor of meat. Its recent acquisition of Pilgrim’s Pride, a big chicken processor in America and Mexico, and a pending merger with Bertin, another Brazilian firm, will [...]
Rio carrying Olympic hopes of an entire continent
Brazilians are promising to transform the region and captivate the world with a well- organized Olympics played out near the city’s stunning beaches and famous landmarks. Rio anxiously awaits the Oct. 2 host-city vote in Copenhagen, especially after gaining front-runner status following a positive evaluation by the International Olympic Committee in its final report on the four finalists for 2016. Thousands of Cariocas, as Rio citizens are known, are expected to make it to Copacabana beach to watch the IOC announcement, hoping for a big celebration by the Sugar Loaf mountain and the Christ the Redeemer statue.
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 [...]
OECD: Brazil is the least affected by economic slowdown
The global financial crisis is not expected to lead to a major economic downturn in Brazil, a new study has concluded. According to the Organisation for Economic Cooperation and Development (OECD), prospects for the South American country remain favourable in comparison with many other countries. Indeed, the OECD’s composite leading indicators showed that the nation [...]
Embraer: 21% jet sales increase in 2008
Brazil’s Embraer, fourth largest aircraft manufacturer in the world, has announced it is doing really well in spite of the crisis. Associated Press has reported the company delivered 204 jet planes last year, a 21 percent increase over the 169 jets delivered to buyers a year earlier. The jet maker also announced it has $20.9 [...]
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 [...]