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French retailer Carrefour plans new acquisitions in Brazil

Carrefour has two good reasons to invest in Brazil. First, sales in existing stores for a year went up 10%. Second, competition with local group Pão de Açucar, to whom the French group lost the lead in 2009 in the ranking of the Brazilian Supermarket Association. According to Jornal Valor, Brazil increased its stake inContinue reading “French retailer Carrefour plans new acquisitions in Brazil”

Protecting its territory: Vale acquires mining company in West Africa

Vale announced yesterday its acquisition of a 55% stake in iron ore mining company BSG in Africa for US$2.5bn. The company is located in Guinea, in Western Africa. Is this a smart move? Iron ore prices are high again and this could attract newcomers such as BSG. Apparently, Vale is neutralizing newcomers, which is apparentlyContinue reading “Protecting its territory: Vale acquires mining company in West Africa”

Lula among Time magazine most influential personalities list

It is no less than Michael Moore who wrote Lula’s entry in Time’s review of the most influential 100 people. The guy who has been so critical of American politics in the Bush era thinks Lula represents the new American way of life. The self made president’s appeal seems irresistible. A more careful analysis wouldContinue reading “Lula among Time magazine most influential personalities list”

Chinese company Gigabyte to invest 30 million dollars in Brazil

Brazil is the country that will receive the third largest investment from Chinese manufacturer of motherboards, Gigabyte. Over the next three years, the company will ship 30 million dollars here, much more than the 10 million invested over the past 10 years. After Taiwan and China, the country is the market with greatest potential forContinue reading “Chinese company Gigabyte to invest 30 million dollars in Brazil”

More jobs, better wages. No wonder there is inflation on the doorstep

Good news on the Labor Market Report from IBGE in March. The survey covers the six main metropolitan areas, and includes formal and informal jobs. Demand is higher of course as the economy in Brazil is expected to keep going up in the next months. Unemployment rate is the lowest level since 2002, at 7.1%. AContinue reading “More jobs, better wages. No wonder there is inflation on the doorstep”