Corus Acquires CSN European steel company Corus Group announced the purchase of Brazil’s leading steel company Companhia Siderúrgica Nacional (CSN) in a stock deal worth $1.8 billion. Corus shareholders will […]
Category: Brazil
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Keeping the Financial Faith
Armínio Fraga, Brazil’s central bank president, believes Brazil can achieve an investment grade debt rating in less than three years.
Posted inMagazine
Sovereign Profile
Brazilian Bailout After months of increasing volatility and a crashing currency in Brazil, the International Monetary Fund signed off on a $30 billion rescue package for the beleaguered country. The World […]
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Passing on Politics
Uncertainty over Brazil’s upcoming presidential election has the financial markets reeling. Whoever wins will have to work to bring Brazil back from the brink.
Posted inMagazine
The Fund’s Financial Folly
The International Monetary Fund has gone soft on Brazil while keeping its hard line on Argentina. Brazil gets a $30 billion IMF bailout but Argentina stays on bread and water. […]
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Pouncing on Perez
The markets are concerned over Petrobras’s purchase of Pérez Companc. But Petrobras’s president says the deal’s potential rewards far outweigh the risks.
Posted inMagazine
Too Tantalizing to Refuse
Argentina’s financial crisis has yielded fine pickings for predatory companies. In July, Brazil’s Petrobras snatched up the beleaguered Pérez Companc but the deal significantly raised its risk profile.
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Sticking to Their Guns
Brazilian companies must battle for financing while fending off global competition. The business outlook is bad but Brazil’s bosses are determined to soldier on..
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The Securitization Lifeline
Asset-backed financing with risk mitigation insurance has sustained Brazilian companies throughout the crisis. But insurers are reaching their limits.
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When Expectations Disappoint
Eight years ago, Brazilians were optimistic that policy reforms would bring sustained growth. Despite key improvements, such growth remains elusive.