At present, Brazil is the fifth-largest country in the world and has the fifth-largest population as well. But in 17 years’ time, it will also be the fifth-largest economy in the world, says its finance minister, Guido Mantega. Read the full article at the BBC.
Brazil’s government said it will lend an additional $80 billion reais ($45.3 billion) to the national development bank over the next two years to boost investment and keep the economy’s strong recovery on track (Reuters).
Brazil’s economy created a record number of jobs in November, in the latest sign the country’s labor market has fully recovered from this year’s recession, President Luiz Inacio Lula da Silva said (Reuters).
Brazil’s JBS SA, the world’s largest beef processor, said it plans to raise the equivalent of $2 billion in a bond offering, part of a plan to fund its U.S. unit after the takeover of Pilgrim’s Pride Corp (Reuters).
China’s Lenovo, the world’s fourth-largest seller of personal computers, is “open” to buy rivals in Brazil, where it wants to triple market share by 2014, if it strikes the right acquisition price, the company’s top two officials said (Reuters).
Brazil’s Embraer, the world’s third largest aircraft maker, has signed an agreement with CDB Leasing Co worth $2.2 billion over three years to help finance the sale of regional jets in Asia (Reuters).
Brazil’s Embraer, the world’s third-largest aircraft maker, will likely sell a record $500 million worth of planes in Brazil this year, helping offset a tumble in global demand amid the worst civil aviation market in years (Reuters).
Brazilian aircraft manufacturer Embraer will be invited to join a tender to supply narrow-bodied planes to United Airlines, the head of United’s parent company UAL Corp said (Reuters).
France’s Renault SA plans to invest about 1 billion reais ($571 million) in Brazil over the next three years, the company’s chief for the Mercosur trade bloc said (Reuters).
Iron ore prices will likely rise in 2010, underpinned by growing demand from China, the chief executive of Brazilian mining giant Vale said, without offering estimates of how much prices could rise (Reuters).
The $7.7 billion Santo Antonio dam on the Madeira river is part of Brazil’s largest concerted development plan for the Amazon since the country’s military government cut highways through the rain forest to settle the vast region during its two-decade reign starting in 1964. Read the full report at Reuters.
Brazil took a step forward in protecting the Amazon rainforest, starting satellite surveillance of the cattle ranches that are among the chief culprits in the forest’s destruction (Reuters).
Brazilian authorities have approved the use of a new genetically-modified soy seed which was developed jointly by BASF and state agricultural researchers in the world’s No. 2 soy exporter (Reuters).
Sugar output in Brazil, the world’s largest producer, will rise to a record after declining supplies from India boosted demand for sweetener from the South American country, the government said (Bloomberg).
BTG Pactual, the securities firm led by Andre Esteves, is set to launch a private equity-backed Brazilian infrastructure fund, to take advantage of massive road, port and dam projects (Reuters).
Brazil’s lower house of Congress has approved the second of four bills designed to overhaul the country’s oil legislation and give the government greater control over vast new offshore reserves (Reuters).
Brazil’s Petrobras expects to raise more than $10 billion in a sale of shares it is planning as part of an ambitious expansion effort, the company’s Chief Executive Jose Sergio Gabrielli said (Reuters).
Brazil’s oil giant Petrobras said tests confirmed that Iara oil field, off the coast of the state of Rio de Janeiro, contains a potential of 3 billion to 4 billion barrels of oil equivalent (Reuters).
Spain’s Telefonica plans to spend more than 2 billion reais ($1.14 billion) in Brazil next year, compared with expected capital expenditures of 2.4 billion reais earmarked for 2009, the chief executive of its Brazilian unit Antonio Carlos Valente said (Reuters).