“I believe in a certain period of the history of Brazil there will be direct elections for Petrobras’ president, and this person will nominate the president of the republic.” This speech was how Lula expressed his hopes about Petrobras right after the discovery of the pre-salt oil in the Brazilian coast. The optimism of the former president of theContinue reading “The “Petrobras hidden tax ””
Daily Archives: March 21, 2011
Waging Currency Wars
War! Or what passes for it for central bankers like Mr. Mantega, dispatches from the front, from The Economist. “HAVING quickly shaken off the world recession, many countries in Latin America are prospering again. The region’s economies grew by an average of 6% last year, according to a preliminary estimate from the United Nations EconomicContinue reading “Waging Currency Wars”
Euro area tire maker benefits from increased Brazilian sales
The Economist reports on a Euro area tire maker that benefits from increased sales in emerging markets, in particular, Brazil: “Pirelli reckons its narrower focus on tyres, especially premium ones, will prove an advantage as it expands in emerging markets. Half of its business is already in the emerging world—“more than any other of theContinue reading “Euro area tire maker benefits from increased Brazilian sales”
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