Brazil – Page 58 – BRAZILGLOBAL.NET

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”

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”

Brazilian economy is growing too fast. Expect new hike in interest rates. What effect on Brazilian housing industry?

To foreign eyes Brazilian real state is a catch. A population of almost 200 million and an historic housing deficit makes an interesting combination. Interest rates have always been the main contrain. And now, with the return of inflationary pressures, interest rates are set to raise again. How does it affect the housing industry? TodayContinue reading “Brazilian economy is growing too fast. Expect new hike in interest rates. What effect on Brazilian housing industry?”

Will Tightening cause a multi-speed recovery?

This article raises an interesting question: If monetary tightening starts in the US, will the US stock market drop while emerging markets continue upwards in a “multi-speed” recovery? The outlook for the world economy Curb your enthusiasm Apr 22nd 2010 From The Economist print edition A welcome recovery—but an uneven one, with dangers both forContinue reading “Will Tightening cause a multi-speed recovery?”