Citywire analysis: Brazil is now top pick for EM managers

British magazine Citywire runs frequent ranking for investments in Europe. An analysis announced today shows that Brazil is now the top pick for top performing asset managers in emerging markets. “For half of the top ten best performing managers in emerging markets over the last five years, Brazil represents either their top country exposure or a biggerContinue reading “Citywire analysis: Brazil is now top pick for EM managers”

Brazilian steelmaker CSN sells stake in Australian coal miner for $830 million

CSN or Companhia Siderurgica Nacional (NYSE: SID) struck a deal to sell its 19.9 percent stake in Australian coal miner Riversdale to mining giant Rio Tinto for $830 million (AUD$780 million), according to its securities filing. CSN, Brazil’s largest diversified steelmaking company, sold 47.29 million shares of Riversdale at a price of AUD16.50 per share.Continue reading “Brazilian steelmaker CSN sells stake in Australian coal miner for $830 million”

Brazil’s Election

The Economist’s coverage of the Rouseff-Serra election indicates some of the electoral fault lines within this major BRIC country. “That voters who turned away from Ms Rousseff chose Ms Silva is bad news for Mr Serra’s centrist Party of Brazilian Social Democracy (PSDB). He failed to attract either young voters with no memories of theContinue reading “Brazil’s Election”