SAO PAULO (Dow Jones)–Brazilian real estate developer Gafisa SA (GFA) is planning to raise about 1 billion Brazilian reals ($534 million) through a primary shares offering on the Sao Paulo Stock Exchange, BMFBovespa, the company said late Monday in a statement.
Feb. 17 (Bloomberg) — BR Properties SA, a Brazilian property developer, plans to raise as much as 1.7 billion reais ($920 million) in an initial share sale next month, extending a run of stock offerings by real-estate companies in the country.
As they gear up for the 2014 FIFA World Cup and the 2016 Summer Olympic Games, Brazil’s Ministry of Tourism and the Brazilian Development Bank (BNDES) are looking to refresh the country’s hotel inventory with a 1-billion Brazilian reais (US$544.5-million) line of credit for property refurbishment, expansion and ground-up construction.
RIO DE JANEIRO – Brazil may be on the cusp of a much-discussed real estate boom, but in one corner of Zona Sul where the price per square meter is higher than anywhere in the country, there are relatively few new developments underway.
RIO DE JANEIRO – Since the announcement of the 2016 Olympics here in Rio de Janeiro, there has been much speculation the effect such news would bring about to the local real estate market.
Feb. 22 (Bloomberg) — Brazilian inflation will accelerate to a 19-month high by year-end, prompting policy makers to raise interest rates …
Brazil to Raise Interest Rate to 11.25% by Year-End (Bloomberg) — Brazil’s central bank will raise its benchmark interest rate to 11.25 percent by year-end as the pace of economic recovery and rising food …
Brazil Seeks Patent End for Lipitor, Other Drugs, Folha Says (Bloomberg) — Brazil’s government is seeking to block patent extensions for drugs such as Pfizer Inc.’s Lipitor and Viagra, Sanofi-Aventis SA’s Plavix …
Brazil pledges $11.5 billion for 2014 World Cup works Reuters - 7 hours ago BRASILIA (Reuters) – Brazil’s government pledged on Wednesday to spend 20.1 billion reais ($11.5 billion) to fund infrastructure and transportation works …
BofA Merrill Lynch Sees Brazil 2010 Rates At 10.5% Wall Street Journal - Jan 12, 2010 SAO PAULO (Dow Jones)–Brazil’s interest rates will likely end the year at 10.5%, Bank of America Merrill Lynch chief economist David Beker said in a live …
Brazil to Boost Rates as High as 13%, Bradesco’s Costa Says BusinessWeek - (Bloomberg) — Brazil will boost interest rates to as high as 13 percent next year as policy makers become more “aggressive” to ensure the global …
Brazil 2010 residential Election Shapes Up (Rio Times) 2010 will mark the election of the 36th official President of the Brazilian Republic. Although the official calendar for campaigning does not begin until October 3rd, the political atmosphere is already dense with debate.
China Over U.S. in Brazilan Exports (Rio Times) Brazilian exports to the US fell by 42 percent in 2009, to US$15.7 billion, with China replacing the US as Brazil’s top export market, with US$19.9 billion of exports, or more than 13 percent of all Brazil’s exports,
swelters in record heatwave Temperatures have soared in the city to more than 40 degrees Celsius (101 Fahrenheit), although with the added humidity meteorologists said it felt more like 50 degrees (122 Fahrenheit) on the streets
SAO PAULO, Jan 6 (Reuters) – Investors poured cheaply borrowed money from abroad into Brazil in 2009, with Latin America’s largest economy posting nearly $29 billion in inflows, reversing the outward tide of 2008. Dollar inflows to Brazil last year totaled $28.732 billion, with $1.986 billion in December alone, the country’s central bank said on Wednesday. The figures contrast sharply with outflows of $983 million from the country in 2008.
Foreign investors flocked to Brazilian stocks and bonds in search of higher returns last year, driven in part by near-zero interest rates in the United States and other countries. Brazil’s benchmark Bovespa stock index .BVSP notched almost 83 percent gains for 2009. The inflows also boosted the country’s currency, the real (BRBY), which strengthened about 34 percent in 2009.
Recent Comments