Forbes list of the world’s biggest companies uses an equal weighting of sales, profits, assets and market value to rank companies according to size. 33 Brazilian companies are in the ranking. Energy makes number one among them with Petrobras (oil, gas and ethanol). Another interesting highlight is the leading presence of banks: Itau (and Itausa, itsContinue reading “Brazilian biggest companies in the Forbes list”
Tag Archives: Banco do Brasil
The “Petrobras hidden tax ”
“I believe in a certain period of the history of Brazil there will be direct elections for Petrobras’ president, and this person will nominate the president of the republic.” This speech was how Lula expressed his hopes about Petrobras right after the discovery of the pre-salt oil in the Brazilian coast. The optimism of the former president of theContinue reading “The “Petrobras hidden tax ””
Banco do Brasil expands in the US and Africa
Bank of Brazil announced this week the purchase of a bank in Miami, USA and signing a joint venture with Portuguese bank Espirito Santo and Brazilian rival Bradesco. The acquisitions are part of the internationalization strategy of Brazil biggest public bank, , which includes Latin America, after the recent purchase of Banco Patagonia. In the US, targeting Brazilian High Net Wealth The institution being acquired in MiamiContinue reading “Banco do Brasil expands in the US and Africa”
The “Award culture” is getting into the tropics
Behind the good performance of the Brazilian economy there are companies and institutions .. and people! On my last trip to São Paulo, I attended the Abrasca Value Awards, in Portuguese Premio Abrasca de Criação de Valor. Companies awarded for value return, sustainability and social practices. The “Award culture” is starting to get into the tropics. It isContinue reading “The “Award culture” is getting into the tropics”
Itau Surpasses Goldman Sachs in Brazilian Bond Underwriting
July 13 (Bloomberg) — Itau Unibanco Holding SA overtook Citigroup Inc. and Goldman Sachs Group Inc. in Brazilian bond underwriting, leading a push by local banks to grab market share from international banks hurt by the global financial crisis. Itau, the country’s largest bank by market value, jumped four spots this year to become theContinue reading “Itau Surpasses Goldman Sachs in Brazilian Bond Underwriting”
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