Usually known for its flash and style, Brazil is getting a name for something completely unsexy: Soybeans! Looking into expanding and getting into new markets, BrazArtis, an import-export company based in Rio de Janeiro, Brazil, is set to expand its soybean and corn exports to the Middle East, an endeavor that is aligned with the… Continue Reading
Monthly Archives: October 2012
Brazilian Supreme Court Sentencing Corrupt Politicians
For those who doubted it, the politicians convicted of corruption in Brazil are really going to jail. Brazil’s Supreme Court has begun handing down sentences in a landmark corruption trial, according to a report in Wednesday’s Wall Street Journal. The trial, which has gone on for months, centers on charges going back seven years that… Continue Reading
Brazil 2014 Likely Not Ready For Dress Rehearsal Confederations Cup in 2013
As the dates quickly approach, the general feeling is that Brazil is not up to speed for the Confederation Cup in 2013. FIFA general secretary Jerome Valcke voiced doubts last week that Brazil will have all six stadiums ready for the Confederations Cup in June 2013 due to the slow pace of preparations. The tournament… Continue Reading
Brazilian Bonds Losing Their Luster
Brazilian company bonds reached 6.12 years this October exceeding all other BRIC countries. Corporate bonds in Brazil are becoming more vulnerable to losses than any major developing nation as companies exploit record-low borrowing costs to sell the longest-dated overseas debt in three years. While bond investors turn to Brazil in search of higher returns as… Continue Reading
Weaker Real Brings Mo’ Money To Brazil
Following the world trend with depreciation of its currency, Brazil increases revenue with exports. The fall in the Brazilian real to a “more favorable” level this year has allowed manufacturers to boost exports even as global trade remains weak, Finance Minister Guido Mantega said. “Brazil today is much more competitive, and I perceive that there… Continue Reading
Brazilian Supreme Court Sends Lula Aid to Jail
As expected by many Brazil observers, the one-time right-hand-man of popular former Brazilian President Luiz Inacio Lula da Silva was found guilty on a corruption charge by a majority of 10 Supreme Court justices Tuesday, who ruled he orchestrated a widespread cash-for-votes scheme that came to light seven years ago. Six of the eight justices… Continue Reading