ACS’ Order Book In Brazil Stands At €3 Billion
ACS’ subsidiary Cobra has won a contract worth 126 million euros to build various electricity transmission lines in Brazil, boosting its portfolio of these projects in that country to 3 billion euros.
Brazil
How India Is Stepping Out Of China’s Shadow
Caixin | As two of the most significant economies driving global growth today, commentators often compare the emerging market behemoths, China and India. In recent times, the two countries have eclipsed Brazil, Russia and South Africa, their BRICS counterparts, in terms of economic growth. However, there are significant differences between the two Asian economies.
O2 sale, LatAm weakness are challenges for new Telefonica chairman
If Telefonica approves the choice of current CEO José María Álvarez-Pallete to replace Cesar Alierta as Chairman, he will be the first Executive Chairman not to be appointed by the Spanish government. Alvarez-Pallete will face two main challenges: securing European Commission approval for the sale of O2 and dealing with the weakness of the LatAm economies, particularly Brazil.
Alternative scenarios for Brazil point to probability of structural fiscal reforms
Citi | After the recent events, culminating in the execution of the bench-warrant of former President Lula on February 4 , we have reassessed the probability of our current muddling – through macroeconomic scenario and conjectured alternative scenarios .
Brazil will contract sharply in 2015 and stagnate in 2016
Brazil’s financial markets are being hit by political turmoil, economic deterioration and external factors.
Telefónica unseats Telecom Italia in the battle for GVT
MADRID | The Corner | Vivendi board has decided to enter into exclusive talks with Telefónica for the disposal of its Brazilian subsidiary company Global Village Telecom (GVT), preferring Telefónica’s bid over the Telecom Italia’s one. Telefónica will pay a total consideration of €7.45 bn, of which €4.66bn in cash and the remainder in newly issued shares of the combined Telefónica Brazil-GVT entity corresponding to a 12% economic interest.
UBS: Brazil’s GDP growth loses momentum
MADRID | The Corner | 2014 is not being a good year for LatAm. All countries in the region with the exception of Colombia have experienced much softer than anticipated growth. In Brazil, the political noise and uncertainty have impacted on the confidence and private activity in 1H201, with investments and private consumption leading the way down. UBS analysts see now Brazil’s real GDP growth at 0.6% in 2014 and 1.5% in 2015.
The Brazilian Street: Powers of Change
The Brazilian government can spend $11.5 billion on the World Cup, but they must had an empty wallet when it came to spending money on education, health care and transport. Therefore, Brazilians themselves can be the drivers of change if they are united.
Inflation in Brazil: when you cannot only blame the World Cup
MADRID | The Corner | Inflation in Brazil hit the upper limit of the government’s target for the first time in a year in June: consumer prices rose by 6.52% yoy (IPCA index), airlines’ fares skyrocketed because of the World Cup (almost 22% in June from May). But let’s be fair: only half of the monthly inflation came from the football competition. And prices will remain far from the 4.5 percent target beyond 2015 unless the central bank rises rates further.
Those who will never win the World Cup
MADRID | By Álex García.