Brazil – Page 24 – BRAZILGLOBAL.NET

Current Status of BRICs

This article in The Economist was published at the same time as the 2nd meeting of the BRIC nations in Brasilia. The article raises an interesting question of how cohesive the BRIC nations are beyond the original economic categorization. The BRICs The trillion-dollar club Brazil, Russia, India and China matter individually. But does it makeContinue reading “Current Status of BRICs”

Petrobras expands European connections

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”

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”