For 2017, the Brazilian government’s official number is 1% growth, with the recovery starting already in the first quarter. However, according to O Estado de S. Paulo newspaper, the Minister of Finance, Henrique Meirelles, has already admitted in private conversations with members of Congress that the economy should something around 0.5% in 2017. for the lastContinue reading “When will Brazilian GDP recover?”
Tag Archives: Bradesco
Bradesco sees Brazilian GDP contracting -2,0% in 2015
Bradesco, one of Brazilians leading banks, just revised the Brazilian real GDP growth forecast to -2.0% in 2015, from -0.7%. Changes reflect the worsening outlook for interest rates and inflation. They are also revising 2016 GDP estimate to 0.8%, from 1.4%. At the beginning of the year, consensus was still at a positive level (0.5%). ThatContinue reading “Bradesco sees Brazilian GDP contracting -2,0% in 2015”
Business opportunities in Rio unveiled
London Olympic Games. Rio Conferences will present opportunities in strategic sectors of the city from July 25th to August 12th for more than 540 companies. Organized by Rio Negocios, the conferences are supported by companies like the Brazilian bank Bradesco and the German airline Lufthansa. Audiovisual, High Tech, Energy and Business of Sports will be the topicsContinue reading “Business opportunities in Rio unveiled”
Brazilian biggest companies in the Forbes list
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”
How would you like Dilma, Mategna and PT to run Vale?
Rumors that Brazilian federal government aims to replace Roger Agnelli, Vale’s CEO, have been surrounding the market for a long time. Yesterday, minister Guido Mantega, representing the Federal government as one large shareholder, officially requested Bradesco, another large shareholder, the substitution of Roger Agnelli as Vale CEO, according to Estado broadcast agency. Supposedly, the governmentContinue reading “How would you like Dilma, Mategna and PT to run Vale?”
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