Brazil
BrazilChilean pulp company expands into Brazil; becomes major global player
Chile's blue-chip Ipsa index ended up 0.7% Wednesday, reaching a year high following Chilean pulp and paper products manufacturer Empresas CMPC SA expansion into Brazil, which would position the company among the five leading producers of the world.
Moody’s confirms Brazil’s investment grade Baa3
Moody's Investors Service raised Brazil's sovereign debt ratings to investment grade on Tuesday and underlined the resilience of Latinamerica's largest economy to the global financial crisis.
Brazilian incumbent presidential hopeful drops to third place
Brazilian Cabinet Chief Dilma Rousseff, President Lula da Silva’s likely choice to replace him, fell to third place in a survey of voter preferences ahead of 2010 presidential elections.
World’s biggest iron ore producer under pressure to invest in steel industry
Brazilian billionaire Eike Batista said he may be interested in acquiring a stake in the world’s biggest iron-ore producer Vale do Rio Doce, after one of the company’s shareholders said he showed “interest” in buying its stock.
Honduran de facto rulers demand Brazil hand over Zelaya
Honduras de facto leader Roberto Micheleti demanded that Brazil hand over deposed constitutional president Manuel Zelaya who is currently in the Brazilian embassy in Tegucigalpa following a dramatic secret return to the country.
Brazil’s Petrobras is the world’s eighth biggest in market value
Brazil’s government managed oil and gas company Petrobras is the world’s eighth biggest global company in market value, according to a survey carried out by Ernst & Young.
Lula da Silva denies arms race and justifies investment in defence
Brazilian president Lula da Silva denied South America had embarked in an arms race and justified purchases by Brazil, Chile, Venezuela and Colombia the four countries at the forefront of military hardware expenditure.
Lula da Silva predicts Brazil will become world power in ten years
President Lula da Silva predicts that Brazil in the near future will be in the short list of the world’s largest economies, probable in third or fourth position, and if “less lucky” at the most ranked fifth.
Brazil’ stock exchange reaches new high; 62% gain so far in 2009
Brazilian blue-chip shares closed on Friday at a 14-month high as global investors continue to flock to the country. The benchmark Ibovespa stocks index closed 0.8% higher at 60,703 points, up from Thursday's close at 60,236 points and breaking through the psychologically important 60,500-point mark.
Brazil’s JBS moves into the US poultry market and consolidates at home
Brazil's JBS, the world's biggest beef producer, agreed this week to buy a controlling take in bankrupt US poultry producer Pilgrim's Pride and JBS' Brazilian beef rival Bertin.
