Daily Archives: May 1, 2010

French retailer Carrefour plans new acquisitions in Brazil

Posted on May 1, 2010 by Hildete Vodopives

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 … Continue reading →

Posted in Brazil, Business | Tagged , , , , , , , | Leave a comment

Protecting its territory: Vale acquires mining company in West Africa

Posted on May 1, 2010 by Hildete Vodopives

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 … Continue reading →

Posted in Brazil, Business, Investment | Tagged , , , , , | Leave a comment

Lula among Time magazine most influential personalities list

Posted on May 1, 2010 by Hildete Vodopives

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 … Continue reading →

Posted in Brazil, Politics | Tagged , , , , | 2 Comments