Brazil

Brazil
Thursday, September 24th 2009 - 08:51 UTC

Chilean pulp company expands into Brazil; becomes major global player

CMPC/Aracruz Cellulose operation includes 212.000 hectares with eucalyptus

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.

Wednesday, September 23rd 2009 - 11:52 UTC

Moody’s confirms Brazil’s investment grade Baa3

The Real closed at a new year-high against the US dollar: 1.7999

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.

Wednesday, September 23rd 2009 - 11:24 UTC

Brazilian incumbent presidential hopeful drops to third place

Dilma Rousseff does not have the aura of her mentor

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.

Wednesday, September 23rd 2009 - 11:20 UTC

World’s biggest iron ore producer under pressure to invest in steel industry

Brazilian tycoon Batista seems to be playing the same tune as President Lula da Silva

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.

Tuesday, September 22nd 2009 - 12:59 UTC

Honduran de facto rulers demand Brazil hand over Zelaya

OAS chief Jose Miguel Insulza is expected Tuesday in Tegucigalpa

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.

Monday, September 21st 2009 - 11:24 UTC

Brazil’s Petrobras is the world’s eighth biggest in market value

Petrobras market value soared from 96 to 165 billion USD

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.

Monday, September 21st 2009 - 08:37 UTC

Lula da Silva denies arms race and justifies investment in defence

Chile and Colombia have the best organized Armed Forces of South America

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.

Saturday, September 19th 2009 - 11:42 UTC

Lula da Silva predicts Brazil will become world power in ten years

If “less lucky” the world’s fifth economy

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.

Saturday, September 19th 2009 - 11:21 UTC

Brazil’ stock exchange reaches new high; 62% gain so far in 2009

Money is pouring back to Brazil’s Ibovespa and emerging markets

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.

Friday, September 18th 2009 - 11:32 UTC

Brazil’s JBS moves into the US poultry market and consolidates at home

JBS has become the world’s leading integrated food processor

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.

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