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”
Monthly Archives: April 2011
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”
Brazil Summit in NYC
Last Monday (April 18th), the New York Harvard Club organized a Brazil Summit in a hotel in Midtown NYC. I was representing ESCP Europe at the United Nations so I couldn’t join it. However, a Forbes journalist made a descriptive article about Mantega’s speech. Guido Mantega is Brazil’s sharp-tongued Finance minister and author of the phrase “currency war”: “TheContinue reading “Brazil Summit in NYC”
Brazilian banks mergers: BTG Pactual partners with SMBC and Itau buys stake in Carrefour Bank
In the past days, Brazilian banks mergers hit the news. First, it was Banco do Brasil, acting according to its internationalization strategy, just acquired another bank in Argentina. Now, BTG Pactual, an independent investment bank in Brazil, signed a memorandum of understanding with Sumitomo Mitsui Banking Corporation (SMBC) to work together in Brazilian-related business activities and Itau-UnibancoContinue reading “Brazilian banks mergers: BTG Pactual partners with SMBC and Itau buys stake in Carrefour Bank”
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