Rumors that Brazilian federal government aims to replace Roger Agnelli, Vale’s CEO, have been surrounding the market for a long time. Yesterday, minister Guido Mantega, representing the Federal government as one large shareholder, officially requested Bradesco, another large shareholder, the substitution of Roger Agnelli as Vale CEO, according to Estado broadcast agency. Supposedly, the governmentContinue reading “How would you like Dilma, Mategna and PT to run Vale?”
Monthly Archives: March 2011
The Chinese Empire Strikes
Democracy is, undisputedly, the hottest topic of the first quarter of 2011. The second most discussed issue has definitively been China. With a GDP of US$ 6 trillion, it officially became the world’s second largest economy. Personally, I don’t consider China like “Japan from the 80’s” as some argue. I believe my kids will speakContinue reading “The Chinese Empire Strikes”
L’Oreal wants to double Brazilian sales in 4 years
L’Oreal the world’s largest cosmetics maker announced that Brazilian sales grew by 21 % in 2010, jumping to 705 million euros. And they want more.. The French based company aims to double sales in Brazil by 2015 and add 50 million new customers there in the next decade as Latin America’s largest economy expands, saidContinue reading “L’Oreal wants to double Brazilian sales in 4 years”
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 of the pre-salt oil in the Brazilian coast. The optimism of the former president of theContinue reading “The “Petrobras hidden tax ””
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”
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