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More M&A in Petrobras plans

REUTERS./REVISTA EXAME Rio de Janeiro-The president of Petrobras, Jose Sergio Gabrielli, said this Monday that the company should increase in ethanol production through acquisitions. “We had a different strategy before. Now we have changed. Our strategy was through greenfield (new plants). Today we intend to grow our production mainly through acquisitions, “Gabrielli said in anContinue reading “More M&A in Petrobras plans”

Rio is the most expensive city in the Americas

Rio de Janeiro ranked 28th among the most expensive cities for foreigners in 2010. In 2009, Rio was ranked 132th in the same study. Quite a change. The study was conducted by ECA INTERNATIONAL, a British consulting company. All other cities in the Americas were considered cheaper than Rio. That includes New York City. Furthermore, Rio’s position could haveContinue reading “Rio is the most expensive city in the Americas”

Energy integration in South America, Cemig is ready

Cemig is ready to grow in South America in coming years, especially, in Chile, Peru and Colombia. The company intends to focus in distribution and transmission of electric energy. “This is a new stage. We believe in the long run there will be an energy integration in South America. This will require large investments and weContinue reading “Energy integration in South America, Cemig is ready”

Newsweek: Americans should learn Portuguese

International press has been paying more attention to Brazil. Newsweek’s latest edition has an article about how Brazilian companies are becoming more international. Banco do Brasil, Marfrig, JBS-Friboi and Petrobras are among Brazilian companies expanding abroad. Bottom line: Americans should learn Portuguese. We have talked about Brazilian banks “going shopping” abroad in the past. BanksContinue reading “Newsweek: Americans should learn Portuguese”

Latin America Net arena offers VC opportunities

Technology is an exciting and promissisng industry in Brazil. Global players like Google and IBM are investing in the country. Brazilian stories like the ones of Cyber Cook and Buscapé inspire a new generation of entrepreneurs. No wonder international venture capitalists have their eyes in this niche. DG News Service – Venture capitalists focused onContinue reading “Latin America Net arena offers VC opportunities”