Brazil
Venezuela’s bid to join Mercosur
For those who might be unaware, Mercosur is a regional trade agreement between Brazil, Argentina, Uruguay, and Paraguay. It is somewhat comparable to NAFTA, though there are some significant differences. Recently, Venezuela has been actively trying to join Mercosur, but before it can, all four member countries have to give their approval. So far the [...]
Brazil’s crisis philosophy: Foreign currency reserves trump IMF credit lines
One reason for Brazil’s relative success at navigating the current economic crisis is that it maintains US $243 billion in foreign exchange reserves. These reserves have acted as a crisis fund, of sorts, for the Brazilian government. Brazil has been able to use the fund to avoid having to rely on credit lines from international [...]
Brazil’s agricultural output expected to rise
Brazil is an agricultural powerhouse and a world leader in exports of soybeans, sugar, orange juice, and coffee. It is also one of the top producers and exporters of cotton, poultry, and beef. This trend of Brazilian dominance in agriculture seems poised to continue with an expected 8.5% increase in production for grains, legumes, and [...]
Brazil’s Ascendency as an Oil Power
Over the next decade Brazil may become one of the largest oil producing nations in the world. In late 2007 a new and sizable oil field, dubbed the “Tupi” field, was discovered in the Santos Basin in deep water off the Brazilian coast, and it holds the promise of energy self-sufficiency for Brazil. As Dilma [...]
Brazil: Dancing through the economic crisis
Highlights from a summary article, part of a recent special report in the FT on Brazil. FT.com / Reports – This is the Brazil that finally, after years of unfulfilled promise, is catching the world’s attention – and sucking in foreign direct investment, while many rivals go without. It is a mature democracy with a [...]
PE investors bullish on emerging markets; to hike investments
Markets-The Economic Times According to Emerging Market Private Equity Association, institutional investors believe emerging markets will continue to present attractive investment opportunities in the coming year and plan to maintain or expand their exposure. “Investors recognise that emerging economies are the only ones still growing, and they also know that, since private equity deals in [...]
Look to Brasilia, Not Beijing
WSJ.com a more compelling challenge to the current world order may be emerging from an unlikely trio of countries that boast both impeccable democratic credentials and serious global throw weight. They are India, Brazil and South Africa and their little-noticed experiment in foreign policy coordination since 2003 to promote subtle but potentially far-reaching changes to [...]
Indian Mills Sign Sugar Import Deals
WSJ.com Mills in northern India have struck deals in the past 10 days to import 80,000-100,000 metric tons of raw sugar, industry officials said Wednesday. The raw sugar is being imported mostly from Brazil at $300-$330/ton, free on board. The shipments are expected to arrive in the June-July period. Indian mills are importing sugar to [...]
Mr. Lula goes to Washington
Lula is not only a political and diplomatic pro, but also a statesman. Amazingly, he comes off as more prepared than Obama with solid answers to reporter questions, with a sense of humor as well. Political leadership of this sort inspires business confidence in a country. Must watch link -CSPAN Video- Pres. Obama & Brazilian [...]
Jim Rogers Busy Turning Raw Land Into Farmland in Brazil
Recession or no recession there are no holidays or time-offs for eating…As Indians get richer, more of them will eat higher quality food – and about few hundred million will step up from 1/2 to 3 meals a day. Brazil is one of the few places where massive areas of land can be brought under [...]
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