Petrobras made two partnership announcements in the past 3 days, in Portugal with Galp Energia and in Brazil, with French Tereos International. The Brazilian petroleum company will partner with Galp Energia to produce biodiesel (green-diesel) in Portugal. Production in that country should be around 250 000 tonnes / year, by 2015. At the same time,Continue reading “Petrobras expands European connections”
Category Archives: Investment
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”
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?”
Brazilian banks go shopping around the world
Banks have suffered everywhere with the financial crisis. Well, not everywhere. Brazilian banks have cash and appetite for seizing opportunities in other countries. This is a shift of trends. Not so long ago Brazilian banks were being bought by international institutions. Last week Banco do Brasil announced its move in Argentina. Yesterday, in an interviewContinue reading “Brazilian banks go shopping around the world”
Banks for sale: BANCO DO BRASIL acquires bank in Argentina
BANCO DO BRASIL officially announced the acquisition of the sixth largest bank in Argentina, Banco Patagonia. The $480 millions deal was sealed after four months of negotiations. What does it mean in the strategy of the largest Brazilian bank? Should it reflect a step toward the integration of the Mercosul? With branches in New York,Continue reading “Banks for sale: BANCO DO BRASIL acquires bank in Argentina”
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