Tag: BRIC

• Tuesday, March 13th 2012 - 07:03 UTC

  Goldman Sachs says Brazil’ Real needs to decline 20% to remain competitive

  

  Jim O'Neill, chairman of Goldman Sachs Asset Management, lent his support to Brazilian policy makers' efforts to weaken the Real, saying it needs to decline 20% to keep Latin America's biggest economy competitive.

• Tuesday, March 6th 2012 - 17:06 UTC

  Brazil growth in 2011, slowest since 2003, but 2 million jobs were created

  

  The Brazilian economy last year registered its second-worst performance since 2003 as higher borrowing costs and a currency that rallied to a 12-year high led it to under-perform emerging-market peers China and India.

• Wednesday, January 18th 2012 - 21:34 UTC

  Busy March for Rousseff: President Obama, Chancellor Merkel and BRICS summit

  

  Brazilian president Dilma Rousseff will be meeting her US peer Barack Obma next March when she is also scheduled to hold talks with Germany’s Chancellor Angela Merkel and attend a BRIC group summit.

• Monday, December 5th 2011 - 05:22 UTC

  Brazil and BRIC beat forecast of the man who coined the term

  

  Ten years ago this week, Jim O’Neill, chairman of Goldman Sachs Asset Management, coined the term BRIC, elevating the profile of four countries, Brazil, Russia, India and China, that he thought were poised to become “growth economies.”

• Tuesday, November 1st 2011 - 21:12 UTC

  Latin America will demand at G20 summit greater voice for emerging economies

  

  The Latin American block arrives this week at the G20 summit in Cannes with a consensus spearheaded by the strong political standing of Brazil in global affairs and with criticisms to the way in which the European Union and the US are managing their respective “crises”.

• Wednesday, October 19th 2011 - 16:51 UTC

  EC report claims Argentina and Brazil are increasing trade barriers

  

  Major trading nations led by Argentina, Brazil and Russia are raising barriers to international and threatening the global economic recovery, the European Union's executive arm said on Wednesday.

• Thursday, September 15th 2011 - 18:52 UTC

  Lagarde to Mantega: BRIC offer should not be limited to EU safe bonds

  

  The International Monetary Fund hopes investments in European bonds by the fast-growing BRIC (Brazil, Russia, India and China) economies are not limited to less risky government bonds such as German or British bonds, IMF managing director Christine Lagarde said in an Italian daily on Wednesday.

• Tuesday, September 13th 2011 - 05:33 UTC

  G7 countries lack Unasur “imagination and audacity” to overcome current crisis

  

  The Secretary-General of the Union of South American Nations (UNASUR), Colombian María Emma Mejía said that the region has shown “more imagination and audacity in the measures applied” than G7 countries, which are debating how to get out of the mess they are currently undergoing.

• Saturday, August 6th 2011 - 08:26 UTC

  Germany’s BMW planning assembly plant in Brazil to cater Mercosur luxury car demand

  

  German automaker BMW said this week it would probably build its first assembly plant in Brazil after strong demand for luxury cars generated stellar earnings for the global leader.

• Friday, June 3rd 2011 - 12:43 UTC

  Hyundai plans to produce 150.00 vehicles at its first plant in Brazil

  

  Hyundai Motor Company, South Korea’s largest automaker is constructing its seventh overseas plant in Piracicaba, Sao Paulo state, Brazil to actively respond to soaring demand in one of the world’s fastest growing markets and to bring its manufacturing presence in so-called BRIC countries full circle.