Davos: a chance for Brazil to regain international confidence

The World Economic Forum Annual Meeting in Davos, Switzerland ended yesterday debating the world’s most pressing issues and long-term challenges, including inequality, climate change and terrorism. For Brazil, the forum was an opportunity to reverse the negative news flow: low growth, corruption and incompetence. Joaquim Levy, Brazil’s Finance minister, reassured the government’s determination to attractContinue reading “Davos: a chance for Brazil to regain international confidence”

The G20 aftermath: The Delhi consensus

The Economist outlines India’s appeal in reporting on the aftermath of the G20 meetings – an interesting contrast with Brazil. “India’s appeal to foreign investors is easy to see. Its economy grew by 8.8% in the year to the second quarter; the rupee has strengthened; and the Reserve Bank of India (RBI) this month raisedContinue reading “The G20 aftermath: The Delhi consensus”

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”

Brazilian companies getting more “global” in February

Brazilian companies appetite for investments abroad is growing again. In February, the Brazilian Central Bank index IBD (Brazilian direct investment) hit US$ 4,2 billions.  With this result, Central Bank has already revised its forecasts for the year; now they expects an annual IBD of US$ 15 billions against its previous forecast of US$ 5 billion. TheContinue reading “Brazilian companies getting more “global” in February”

Brazil: again the safe port for investors?

Negative news flows from Europe may impact investor’s confidence in the short-term. It would be too optimist to think that Brazil is completely immune to a change in investors flows.  Nonetheless, the Brazilian Central Bank has recently lifted part of the liquidity relief measures. These measures were adopted to help small banks after the credit crisis. This could be interpretedContinue reading “Brazil: again the safe port for investors?”