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China and the Inter-American Development Bank launch $1 bln Latam investment fund

China and the Inter-American Development Bank said on Monday they are starting a $1 billion fund to invest in Latin America, though the Asian giant’s latest push to expand its influence in the region prompted words of caution from Brazil. To feed its fast-growing economy’s voracious appetite for raw materials,…

Mubadala Development to invest $2bn in Brazilian group

Abu Dhabi-based Mubadala Development will invest $2 billion in the Brazilian business group EBX founded by Eike Batista as part of a strategic partnership. Under the terms of the agreement Mubadala will make the investment in exchange for a 5.63 per cent preferred equity interest in Centennial Asset Brazilian Equity Fund and other offshore holding…

Brazil aims to reduce business taxes

Brazilian President Dilma Rousseff has pledged to reduce business taxes on local businesses to help them invest and compete in a world awash with cheap money that is hurting Brazil’s economy, Veja magazine reported on Saturday. Speaking after a meeting with industry leaders, Ms Rousseff told the weekly magazine in an interview on Thursday that the way out…

Brazil to be fifth largest economy by 2015

And on it marches, towards prosperity and power, Brazil, the modern-day phenomena. Towards the end of last year, it was revealed that the South American country was on the precipice of overtaking the UK and establishing itself as the world’s sixth largest economy. It happened. It is the case. But, not satisfied with that breakthrough, Brazil is now…

Brazil To Attract Capital Over 8 Years -Itau

Brazil to attract more private-sector investments over the next eight years, compensating in part for lack of domestic savings, but there’s unlikely to be a major appreciation of the Brazilian currency, according to economists at Brazil’s Itau Unibanco Holdings SA (ITUB, ITUB4.BR). As capital flows into Brazil–seeking investment opportunities…

Brazil prospers from global interest

Brazil outpaced Britain as the world’s sixth largest economy last year, partly owing to a rise in foreign direct investment, particularly in services and especially by America and Spain. The growing importance of Brazil can be reflected by how far the country has advanced in attracting foreign direct investment (FDI). According to the latest World Investment…