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.

If you enjoy our post, feel free to subscribes to our rss feeds

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.

If you enjoy our post, feel free to subscribes to our rss feeds

Article - Brazil girds for massive offshore oil extraction

State-run Petrobras is poised to become a major global player

Everything about the shipyard here is colossal — the 4,000-man workforce, the billions sunk into it in capital costs, the half-finished 10-story-high production platforms.

But then, so is the challenge facing Brazil’s state-controlled energy company, Petrobras: developing a group of newly discovered deep-sea oil fields that energy analysts say will catapult this country into the ranks of the world’s petro-powers. The oil pools are 200 miles out in the Atlantic and more than four miles down, under freezing seas, rock and a heavy cap of salt.

If you enjoy our post, feel free to subscribes to our rss feeds

Article - Brazil Property To Top 2010 Property Wish List

Brazil’s property market is set to become one of the hottest markets in 2010. The country is one of the world’s fastest growing economies. Foreign Direct Investment has increased and with Brazil set to host the 2014 football World Cup and 2016 Olympic Games, we will see improvements in infrastructure and huge growth in the construction industry.

Property investors from around the world are flocking to Brazilian shores with a view to snapping up real estate, in anticipation of future capital growth.

Brazil Property Specialist, Colordarcy have seen Brazilian property enquiries increase by 60%, since the Olympic announcement. The company has responded by launching a consultancy service to help clients to source the best real estate deals in Rio de Janeiro.

If you enjoy our post, feel free to subscribes to our rss feeds

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.”

If you enjoy our post, feel free to subscribes to our rss feeds