Daily Archives: March 21, 2011

The “Petrobras hidden tax ”

“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 … Continue reading

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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 … Continue reading

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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. … Continue reading

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