Brazil’s Valor Econômico reports that the governments of Brazil and the United States have reached a temporary understanding to extend the bilateral accord that suspends Brazil’s World Trade Organization authorized retaliations against U.S. imports due to illegal subsidies to U.S….
Monthly Archives: September 2012
Managing the Downswing in Brazil
Since Brazil’s amazing comeback in 2010, two years after the 2008 Wall Street meltdown, the country’s growth has cooled off to an average of 2.8% and probably will not surpass 1.5% in 2012. Brazil’s National Confederation of Industry (CNI) quarterly…
Corn and Economic Interdependence
It does sound corny, but basic grains can bring people and nations together when diplomats cannot or will not. Corn, ethanol, soy, and vegetable oil to eat or fuel transportation are increasingly bringing Brazil and the United States into a…
On the Road to Retaliation?
For over a decade Brazil and the United States have sparred over the latter’s agricultural support programs, largely within the institutional arena of the World Trade Organization. This commercial conflict came to a head in 2010 upon the WTO’s authorization…
Repsol-Sinopec Drills Deep to Deliver Up Another Huge Discovery
Brazil’s oil and gas treasure just keeps on giving. According to Brazil Energy, “Petrobras’ hegemony in the discovery of giant, offshore Brazilian fields may be over. Repsol Sinopec Brasil’s exploratory campaign in the BM-C-33…
Brazil’s Agricultural Exports Outpace Last Year
According to Brazil’s Ministry of Agriculture, the country’s agricultural exports have grown by 1.8% compared to last year for the period of January to August, composing 39% of all Brazilian exports in 2012. In August, 2012 alone, agricultural exports…
Can Brazil’s Capital Markets Deepen?
Joonkyu Park’s recently distributed IMF Working Paper (September 2012) provides an excellent overview and description of Brazil’s capital market evolution in recent years. In particular, it suggests that future policy efforts should point toward further diversification of market structure to…
President Dilma lowers electricity prices on eve of Independence Day
The day before Brazilian Independence Day (September 7), BRASILIA, Brazilian President Dilma Rousseff announced sweeping cuts to electricity rates in a new effort to lower some of the world’s highest business costs that are stifling a once-booming emerging-markets star. Reuters…
BNDES Delivers Up More Financing for Hydrocarbons
Brazil Energy reports that Brazil’s National Development Bank, known as BNDES, is expanding its oil and gas portfolio with increasing its investments by approximately R$ 4 billion this year over last. “BNDES’ disbursements for the oil and gas sector this…