Monthly Archives: May 2011

Carrefour merging in Brazil?

Two recent news about Carrefour’s operations in Brazil. A possible merger with Grupo Pão de Açucar and the deal with Itau Unibanco, which bought 49% of the French retailer’s bank. According to Dow Jones in Paris, Carrefour SA may seek … Continue reading

Posted in Business | Tagged , , , , , , | Leave a comment

Brazilians pay record taxes in 2011

Brazilian Internal Revenue Service (Receita Federal) announced a new records showing that taxes are moving put with the economy. Dolar is stable and country risk is down but GDP prognostics for 2011 are decelerating. The first quarter of 2011 set … Continue reading

Posted in Economy | Tagged , , , , | 1 Comment

Brazilians discover art investment

Brazilians are getting more sophisticated in asset allocation. Different alternative investments raise as a novelty and art investment may be the intangible of intangibles .. but why not add it to the list? I love art and the idea of combining it with investment … Continue reading

Posted in Brazil | Tagged , , , , | Leave a comment

Latest data on labor market in Brazil. (Ask for a raise)

IBGE –  the Brazilian Institute of Geography and Statistics – came with good news about domestic labor market.  Working population is increasing, unemployment rate dropped and there is a resumption of growth in the real income average. Bottom line: labor market in Brazil is … Continue reading

Posted in Economy | Tagged , , , | 1 Comment

G20 Meetings

Mr. Mantega directly criticized the American central bank’s Ben Bernanke in a reference to throwing dollars from a helicopter. The Economist notes that Mr. Mantega was one of many foreign bankers who make similar criticisms of quantitative easing. “Fears of … Continue reading

Posted in Brazil | Leave a comment