Armínio Fraga has saved Brazil from calamity twice since he took over as central bank governor early in 1999. When Argentina’s financial crisis began intensifying last year, he and his […]
Category: Brazil
The Cars That Could
Brazil’s Volkswagen subsidiary has become one of the country’s biggest exporters.
Across-the-Board Issuing
Petrobras aims to raise more money in all the major currencies.
An Aversion to Equity Finance
Brazil’s equity market looks like it is in terminal decline. Trading volume of $25.8 billion last year is one-fifth of the volume in 1997. Delistings have outpaced IPOs for years. […]
Banks Head for a Showdown
The giants of Wall Street – Citigroup and JP Morgan – are neck-and-neck in terms of their transactions in Brazil. Last year, JP Morgan was ahead by a whisker. Both […]
BNDES Seeks an Expanded Role
Eleazar de Carvalho, who took over at the Brazilian development bank earlier this year, will continue launching new market-based operations.
Brazil’s Customers
Brazil’s export markets are reasonably diversified. The EU is still its largest single market, taking just over a quarter of the country’s $58 billion of exports, closely followed by the […]
Bring Back Competitiveness
Mercosur has provided a powerful stimulus to regional trade. But it produces sweeping distortions in international commerce and Brazil must lead the necessary changes.
Heavyweight Investors Tone Up
Brazil’s biggest institutional investors are state-owned entities with a growing reputation for their transparency and shrewd investment decisions. The pension funds of government enterprises like Petrobras, Banco do Brasil and […]
Catching Investor Interest
Treasury bonds dominate Brazil’s fixed income market and overshadow the relatively scarce issues by corporations. The government and corporate issuers are trying to address the problem.
