News - Buy Brazil’s Real Versus Australian Dollar, Morgan Stanley Says

Feb. 17 (Bloomberg) — Investors should buy the real against the Australian dollar, citing the 5 percent decline in the Brazilian currency this year against the Aussie as “too sharp, too fast,” Morgan Stanley said.

“We see value in the Brazilian real at current levels,” Vitali Meschoulam, a New York-based emerging-market strategist, wrote in a research note to clients today. “The Brazilian real’s sell-off was perhaps too sharp, too fast, and is potentially out of line with the large inflows expected for the next several years that will be necessary to finance infrastructure developments.”

Investors should buy the real versus the Australian dollar through 12-month non-deliverable forwards, according to the note.

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Brazil Demand Pushes Job Creation to January Record

Feb. 18 (Bloomberg) — Brazil created a record number of jobs for the month of January, prompting traders to increase bets policy makers may start raising the benchmark interest rate as early as next month to keep inflation in check.

Latin America’s biggest economy created 181,419 jobs last month, led by manufacturers, compared with a loss of 101,748 jobs a year earlier, the Labor Ministry said in a report today in Rio de Janeiro.

Yields on interest rate future contracts maturing May 2010 through July 2011 rose after the report was released. The contract due January 2011, the most traded on Sao Paulo’s BM&F exchange, rose 1 basis point, or 0.01 percentage point, to 10.25 percent at 12:57 p.m. New York time.

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News - Carlyle Plans ‘Mid-$100 Million’ Deals in Brazil

Dec. 2 (Bloomberg) - Carlyle Group, the world’s second- largest private-equity firm, will soon announce two or three acquisitions in the “mid-$100 million” range in Brazil to take advantage of faster growth, said co-founder David Rubenstein.

The deals will be “very attractive,” Rubenstein told reporters in Sao Paulo, without giving details. He said it’s important for the group to invest in Latin America’s biggest economy because of its size and growth potential.

“You can’t be global not being in Brazil,” Rubenstein said. “Brazil has the world’s sixth-largest population, it’s the ninth-largest economy and will become the fifth largest.”

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News - Brazil inflows seen robust despite controls-ANBIMA

*Inflows from Japan investors especially strong

*Healthy fundamentals, low inflation draws investments

*Japan investors put $1 bln into Brazil fund on Wednesday (Adds comments, background, byline)

TOKYO, Nov 25 (Reuters) - Brazil is expected to see strong foreign fund inflows backed by its healthy fundamentals and long-term growth prospects despite its recent capital control steps, an executive of a Brazilian financial body said on Wednesday.

Foreign portfolio investments by Japanese have been particularly strong and the pace has picked up since October, when Brazil was selected to host the 2016 Olympics, Pedro Bastos, a director of Brazilian Financial and Capital Markets Association (ANBIMA), told a news conference in Tokyo.

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News - Brazil to create 1.3 mln jobs by year end-Lula

CAMACARI, Brazil Nov 20 (Reuters) - Brazil will have created 1.3 million payroll jobs by the end of 2009, President Luiz Inacio Lula da Silva said on Friday, as Latin America’s largest economy recovered from a brief recession.

The forecast was more optimistic than that of Labor Minister Carlos Lupi who on Monday said 1 to 1.1 million jobs would be created by year end.

Data on Monday showed Brazil’s economy added jobs for a ninth straight month in October — a record for that month. Lupi expects the economy to create 2 million jobs in 2010.

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