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 ‘turmoil’
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, [...]
Brazil’s top banks report large profits
Posted in Brazil's Economy, tagged Bradesco, Brazil, Brazil's banks, Brazil's Economy, Brazilian real, crisis, financial markets, Itau, meltdown, private sector banks, profits, strong, turmoil on October 27, 2008 | Leave a Comment »
Fresh news from Reuters reveal that the Brazilian banks are in extremely good shape, thank you very much… Brazil’s two largest private-sector banks reported strong third-quarter earnings on Monday and said they would continue to take advantage of the current market turmoil to snap up loan portfolios from smaller rivals in distress. Banco Bradesco (BBDC4.SA: [...]
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 [...]
Crisis? Not in Brazil
Posted in Brazil's Economy, tagged biofuels, Business in Brazil, commodities, crisis, ethanol, fiscal policy, foreign debt, foreign reserves, jobless rates, turmoil, unemployment on September 25, 2008 | 1 Comment »
Business in Brazil – Brazil is the world’s largest exporter of biofuels, including ethanol. But it is not only the high price of commodities which is sustaining the Brazilian economy. The country’s financial system has lower debt, a respectable fiscal policy and a central bank with more autonomy than many others in West Europe.
