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Rio Negócios: Celebrating Two Years and R$3 Billion of Investments in the City
Rio de Janeiro is one of the cities that most attracts foreign direct investment in the world, launched recently in global spotlight with the encouragement of a powerful global marketing platform, efficient management, as well as all of its qualities
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Brazil Cuts Interest Rates to Record Low to Stimulate GDP Growth
As less consumer spending and lower business confidence cause the Brazilian economy to slow, President Rousseff looks to boost growth by cutting and simplifying taxes while the Central Bank cut interest rates. President Rousseff just met with Prime Minister Cameron
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Brazil’s Salvador with Major Construction Ahead of World Cup 2014
Salvador will host at least three of the main teams that qualify for the 2014 FIFA World Cup. In the group stage, the city will be the stage of four matches. Three of them will involve the seeded teams from
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Brazil’s World Cup Host Cities Will Have Additional Funds for Investing in Tourist Infrastructure
Resources from the Ministry of Tourism will be used for implementing tourist information centres, as well as putting up street signs and accessibility related construction works. Less than seven hundred days away from the beginning of the 2014 World Cup,
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Brazil Oil Leak to Cost Chevron $25 million
Brazil’s National Petroleum Agency said Thursday that Chevron Corp. will be fined nearly 50 million reais (approximately $25 million) for an oil leak at an offshore field last November. The U.S. oil producer was found to have committed 25 rules
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Itaú Unibanco Forms JV With Banco BMG
Itaú Unibanco announced on Tuesday an agreement with the Banco BMG to offer, distribution and marketing of payroll services. The joint venture will be called banco Itaú BMG Factored, and Itaú Unibanco will hold the control with 70% of the
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BRIC Stocks Now Out of Favour … Later to Be an Incredible Investment Opportunity
With BRIC stock valuations currently low and yet with strong long term projected growth a great buying opportunity may materialize at some point going forward. Meanwhile, attractive dividend yields of 4%-5% and more are available. The “BRICs” – Brazil, Russia,
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OECD: Ominous Signs for International Investment
By Michael Gestrin, OECD After two years of steady gains, international M&A activity plunged by $107 billion, or 45%, in the first quarter of 2012. This is the second lowest level of international M&A since the start of the global
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TIM Participações Plays Their Hand Well in the Recent 4G Auction in Brazil
The Brazilian government has raised 2.93 billion Brazilian reals ($1.4 billion) from the auction of 4G wireless airwaves, president of national regulator Anatel, said that the average premium paid for the 54 frequencies sold in the auction was 31%. Anatel
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G20 Summit: Merkel still wants both Austerity and Growth in the Eurozone… but still no clue as to who will pick up the tab
Angela Merkel brushed off criticism of her focus on austerity, as the leaders of the world’s 20 largest economies focused their attention on the crisis in the Eurozone. In Los Cabos the EU largely postponed the discussion on the specifics
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