The Seattle Times was yesterday full of praises for Brazil’s leading position as a major economy. Tyler Bridges talks about Saturday’s G-20 summit in Washington and how President Lula is trying to convince G7 countries leaders to give a bigger say to developing countries. The idea is to create a permanent G14, including Brazil, Russia, [...]
Posts Tagged ‘credit crunch’
Seattle Times: Brazil has new standing in the world
Posted in Brazil's Economy, tagged Brazil, Brazil economy, BRIC, China, commodities, credit crunch, exports, G20, G20 Summit, G7, India, industry, Latin America, Russia, turmoil, world economy on November 13, 2008 | Leave a Comment »
Banks in Brazil: prepare for a wave of consolidation
Posted in Brazil's Economy, tagged banking, Brazil's Economy, consolidation, credit crunch, economic crisis, economic stability, Itau, Nossa Caixa, recession, South America, Unibanco on November 10, 2008 | 1 Comment »
Still about the banking situation in Brazil, news come out everyday about new joint-ventures including heavy weights on the public sector – ie. Nossa Caixa and Banco do Brasil. The Financial Times gave a note about the consolidation process running at full throttle in the country. Brazil’s banks are preparing for a wave of consolidation [...]
Brazilian merger creates largest bank in South America
Posted in Brazil's Economy, Business, tagged AFP, banking, Brazil, credit crunch, crisis, Financial Times, Itau, joint-venture, Latin America, media, Mercosur, merger, The New York Times, The Wall Street Journal, Unibanco, washington post on November 4, 2008 | Leave a Comment »
Here’s a quick news round up, about the largest merger in the Brazilian banking history. Itau and Unibanco have announced a joint-venture yesterday creating the largest bank in Latin America – arguably the first major banking player in Latin America – combining about $260 billion in assets. The new Itau-Unibanco has also already announced investments [...]
No recession in Brazil, as finance minister announces new credit lines
Posted in Brazil's Economy, tagged Brazil, Brazil's Economy, consumption, credit crunch, credit lines, crisis, exports, Finance Minister, growth, Guido Mantega, liquidity crunch, recession, Risk, South America on October 31, 2008 | Leave a Comment »
Brazil is perhaps one of the few countries in the world that hasn’t been talking about recession. The R word is not being mentioned in any of the large newspapers in the country. Moreover, Brazil’s economic team will unveil new credit measures for exporters suffering the consequences of the liquidity crunch. “For now, activity levels [...]
DFG Monitor: Brazil’s economy is resilient to the global financial crisis
Posted in Brazil's Economy, tagged Brazil's Economy, Brazilian banks, Brookings Institution, credit contraction, credit crunch, crisis, defense equipment, downturn, financial markets, Mauricio Cárdenas, petrochemicals, re-industrialization strategy, resilient, RGE Monitor, solid economy, steel on October 22, 2008 | Leave a Comment »
“There are good reasons (…) to believe that Brazil’s economy is resilient to the global financial crisis”. This was the conclusion of Mauricio Cárdenas, Senior Fellow and Director of the Latin America Initiative at Brookings Institution, in an articled published on RGE Monitor. Holding a Ph.D. in economics from the University of California, the analyst [...]
FT: Brazil’s low exposure may dilute turmoil
Posted in Brazil's Economy, tagged borrowing, Brazil, Brazilian subprime, chaos, credit, credit crunch, crisis, Financial Times, growth, investment, stability, turmoil, Votorantim on October 17, 2008 | Leave a Comment »
Excellente article from the Financial Times: At Fábio Marangoni’s printing works in São Paulo, pages of glossy magazines emerge almost silently from modern printing presses imported from Germany. Asked how much he borrowed to install the presses, Mr Marangoni replies with an air of self-satisfaction. “Nothing,” he says. “We used our own capital.” His family-owned [...]
