More M&A in Petrobras plans

REUTERS./REVISTA EXAME Rio de Janeiro-The president of Petrobras, Jose Sergio Gabrielli, said this Monday that the company should increase in ethanol production through acquisitions. “We had a different strategy before. Now we have changed. Our strategy was through greenfield (new plants). Today we intend to grow our production mainly through acquisitions, “Gabrielli said in anContinue reading “More M&A in Petrobras plans”

Rio is the most expensive city in the Americas

Rio de Janeiro ranked 28th among the most expensive cities for foreigners in 2010. In 2009, Rio was ranked 132th in the same study. Quite a change. The study was conducted by ECA INTERNATIONAL, a  British consulting company. All other cities in the Americas  were considered cheaper than Rio. That includes New York City. Furthermore, Rio’s position could haveContinue reading “Rio is the most expensive city in the Americas”