Unlike in the rest of the world, sales in Brazil are going up, showing the economic resilience of South America’s largest economy. Sales in September raised 9.4 percent, particularly on IT and computers. Check below a report from The Miami Herald today. Brazil’s retail sales rose more than economists forecast in September, a sign that [...]
Posts Tagged ‘Latin America’
Retail sales in Brazil grow by 9.4%
Posted in Brazil's Economy, tagged Bloomberg, Brazil, BRIC, carmakers, computers, credit crisis, future prospects, growth, investment, Latin America, loans, prosperity, resilient, retail, sales, solid economy, state banks, turmoil on November 19, 2008 | Leave a Comment »
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 »
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, [...]
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 [...]
