Archives

Standard and Poor’s (S&P), the credit ratings agency, said that it decided to upgrade Brazil’s credit ratings to triple B from BBB- as a result of the country’s commitment  to implement its financial targets. The agency added that the ratings were related to the country’s long-term foreign currency sovereign credit with a stable outlook, whereas Brazil’s long-term local currency ratings …

Brazil will need 701 new aircraft valued at about $82 billion in the next 20 years to meet surging domestic demand. Airbus, the world’s largest aircraft maker, aims to sell as many as 26 A380 super-jumbo jets in the South American nation, says Rafael Alonso, executive vice president for Latin America and the Caribbean. The Toulouse, France-based company controls about …

Brazil’s Northeast is an emerging market within an emerging market, a fast-growing region of 53 million people sometimes called the China of Brazil. Known for Brazil’s most dazzling beaches outside major cities such as Salvador and Fortaleza, the northeast’s nine states are home to 30% of the nation’s population but were long ignored. Now marketers are flocking to the latest …

Brazil’s rich are getting richer. The country has 155,400 dollar millionaires and is 11th on the world’s rich list, ahead of Russia, India, Spain and Mexico, according to the 2011 World Wealth Report by Capgemini and Merrill Lynch Global Wealth Management. The country’s economy has been booming for years and sailed through the storm of 2008-09 relatively unscathed. Its economy grew by 7.5 per cent …

It’s hard to miss all the chatter about China. Signs that the country is the next venture capital hotbed seem to emerge on an almost daily basis. But Brazil? It’s certainly one of the big four BRIC nations with emerging economies, but aside from the occasional magazine story, we don’t hear much about entrepreneurs in the South American country. “We …

Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices. The surplus reported by the trade ministry was the highest for the month of October since 2007. Brazil, the world’s No 2 exporter of soy and …