With the discovery of shale gas reserves in Brazil and plans to auction drilling rights there, a delegation is visiting Pennsylvania to see how its drilling boom has turned the state into one of the leading natural gas producers in the U.S. The group of Brazilian business and energy industry professionals hopes to learn from the state's experience and to explore the possibility of exports to Brazil during meetings Wednesday and Thursday. Celia Feldpausch, executive director of the Brazil Industries Coalition, said Wednesday the national oil company plans to hold auctions for drilling rights later this year, but shale gas…
Sunday, 06 July 2014 00:00

Where does Brazil go?

At the time of a severe global crisis, many experts wonder what the impact on Brazil will be. Do not just look at the short term. Where does this country go in the near and not so near future? O Globo took this question to government officials, economists, teachers, doctors, scientists and sportsmen.The goal was to draw a portrait of Brazil they would want for the next 10 or 20 years.In 2022, for example, completing the bicentennial of Independence, Brazil should be between the five major global economies and one of its main energy reserves.Gross Domestic Product (GDP, the sum…
In 2012, Latin America and the Caribbean received a record 173.361 billion dollars of foreign direct investment (FDI) (6.7% more than in 2011), despite an external context characterized by shrinking FDI flows worldwide. The figures are attributable to the region's steady economic growth, high prices for raw materials and the impressive returns on investments related to natural resource exploitation, according to the report Foreign Direct Investment in Latin America and the Caribbean 2012. ECLAC predicts that this year's FDI inflows to the region will range between a fall of 3% and a rise of 7%.According to the Executive Secretary of…
Sunday, 06 July 2014 00:00

Skol launches beer flavored ice cream

Skol, the Brazilian beer brewer, announced this Tuesday November 27th 2012, it will launch a beer-flavored ice cream this coming summer. The launch is scheduled for January 2013 and, according to the company, the sale is for a limited time at selected bars of São Paulo and Rio de Janeiro. Ice cream Skol will be offered in bulk version, In a 150 ml can " the ice cream Skol-bulk version in cans of 150 ml-combines the creaminess with the taste of beer," the brand spokesperson said in a statement.
Saturday, 05 July 2014 00:00

Brazil High Tech

On December 30th 2010, one day from the end of his eight-year mandate, President Lula took part in a ceremony that focused firmly on the future.He was the first Brazilian to be given a new, high-tech Brazilian identity card, numbered 001. Over the next nine years, 150 million Brazilians will join him.Brazilians have to deal with a confusing and dazzling array of identity numbers, including the RG (Registro Geral, or general register) number on their current photo ID cards, a social security number, a work number, a health number and a student number.
Friday, 06 June 2014 00:00

Doing Business In Brazil

Researching the MarketWhy Brazil? Brazil is simply too big a market to ignore. It is the fifth-largest country in the world, with a population of approximately 200 million. It has one of the world's most rapidly developing economies and a GDP per head that is greater than either India or China. It has natural resources in abundance, a developed industrial base, high standards in scientific research and substantial human capital.
Tuesday, 18 March 2014 00:00

No Wake Up call for Brazil

Higher Coffee Prices not much help for Brazil’s Economy A surge in coffee prices won’t do much to wake up the economy in Brazil, one of the world’s biggest producer of the beans. Concerns about sluggish Brazilian growth have spurred investors to pull their cash, causing the country’s currency to depreciate nearly 20% against the dollar over the past year.
Looking to the year ahead, how do we see the global economic landscape, and what will this mean for our region? This question is especially on people’s minds today, given the risks of deflation in advanced economies and of sustained turbulence in emerging markets. Despite these risks, we expect that the region will grow a little faster than last year—increasing from 2.6 percent in 2013 to 3 percent in 2014. Stronger global demand is one part of the story, but not the whole story; volatility is likely to be a significant feature of the landscape ahead. And regional growth rates…
Tuesday, 11 February 2014 00:00

Argentina appeals US court decision

Crisis The government of Cristina Fernandez de Kirchner can save time with this appeal. Argentina asked Tuesday to the U.S. Supreme Court to review an adverse decision in a lawsuit brought by hedge funds defaulted sovereign bonds by the end of 2001.  " Argentina today filed a petition with the Supreme Court of the United States requesting to review the erroneous decisions of the lower courts that prohibit our country to make payment of the coupons debt compliance ," the economy ministry said in a statement.
The country, entered public consultation measures to facilitate operations and reduce costs that investors have bringing the resources to Brazil. BRASILIA - The Central Bank (CB ) is studying ways to encourage foreign investments in the country. Announced on Wednesday that a public hearing is a project for which debentures and treasury bills are traded Brazilian companies abroad. Currently, only stockholders can have Depositary Receipts ( DRs ). It is a receipt that reflects an action of companies, and are traded outside Brazil. And the Fed still wants to eliminate latches for use in fixed income and stock exchange.
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