Carrefour has two good reasons to invest in Brazil. First, sales in existing stores for a year went up 10%. Second, competition with local group Pão de Açucar, to whom the French group lost the lead in 2009 in the ranking of the Brazilian Supermarket Association. According to Jornal Valor, Brazil increased its stake inContinue reading “French retailer Carrefour plans new acquisitions in Brazil”
Daily Archives: May 1, 2010
Protecting its territory: Vale acquires mining company in West Africa
Vale announced yesterday its acquisition of a 55% stake in iron ore mining company BSG in Africa for US$2.5bn. The company is located in Guinea, in Western Africa. Is this a smart move? Iron ore prices are high again and this could attract newcomers such as BSG. Apparently, Vale is neutralizing newcomers, which is apparentlyContinue reading “Protecting its territory: Vale acquires mining company in West Africa”
Lula among Time magazine most influential personalities list
It is no less than Michael Moore who wrote Lula’s entry in Time’s review of the most influential 100 people. The guy who has been so critical of American politics in the Bush era thinks Lula represents the new American way of life. The self made president’s appeal seems irresistible. A more careful analysis wouldContinue reading “Lula among Time magazine most influential personalities list”
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