When Brazil ruined its economic policy
SAO PAULO | By Marcus Nunes | In Brazil, policies that would make even an ‘advocate’ such as Krugman blush were implemented, with shameful results.
Brazil
Sao Paulo €389-million contract goes to Spain’s CAF
MADRID | This new project reinforces the global strategy of the company, with a backlog at the first quarter end of this year amounting to €4.87 billion, with more than 85% exports.
Spanish GOWEX launches service in Brazil ahead of 2014 FIFA World Cup
MADRID | GOWEX and Oi bilateral agreement allows users to benefit from their thousands of Wi-Fi points worldwide. Entering Brazil, a key country for GOWEX, is part of the company’s growth strategy of operating in 300 of the world’s major cities. Brazil is a great showcase for Wi-Fi due to the 2014 FIFA World Cup and 2016 Olympic Games venue.
Spanish direct investment’s real exposure in LatAm is Brazilian
Afi analysts issued today a simple but compelling chart showing Brazil is the main target of the more than €100-billion total exposure by Spain’s large companies in Latin America.
Hope turns into disappointment in Brazil
BARCELONA | By CaixaBank Research | Brazil’s GDP grows by a disappointing 1% year-on-year in the third quarter of 2012. Inflation fails to moderate and remains at 5.5%, above the central bank’s target.
Brazil: third time lucky?
Brazil’s economy grew by 0.5% in the second quarter. According to market expectations, an upswing in activity as from the third quarter should come in but there will also be more pressure on prices, CaixaBank research notes.
Brazil: it’s not for the want of stimuli
Brazil will invest 53.5 billion euros in infrastructures. The effectiveness of these measures, though, depends on their correct and swift implementation, note CaixaBank analysts.
Brazil’s Caixa Económica Federal hires Indra to trim costs
MADRID | Spanish technology corporation Indra signed two contracts with Brazil’s Caixa Económica Federal. Indra will provide communication system services for an estimated €37 million during a period of four years. The contracts include specialised technical services for the development and maintenance of information technology programmes related to product portfolio in loans and financing and risk management. Caixa Económica Federal, one of the largest banks in Brazil, is also the largest…
Brazil: fruitless stimuli
By CaixaBank research team, in Barcelona | Of the events occurring recently on the world economic scene, three have significantly affected the current fate of Brazil's economy. On the one hand, the confirmation of China's economic slowdown in the first quarter; on the other, the progress made in correcting commodities markets and, lastly, more intense tensions in the euro area's debt markets are causing a marked upswing in global aversion…
Brazil’s economy to accelerate after summer
LONDON | Is there in these recent Brazil’s data a lesson for those in the Old Continent whose only talk is internal devaluation via salary cuts to regain competitiveness, while keeping the common currency too high for irrational fear of the inflation ghost? March brought a negative surprise with consumer credit non-performance rates in Brazil, which ticked up to 7.6% after having fallen to 7.4% in February. But that shouldn’t be…