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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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.

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Article - Brazilian Middle Class Expands As Economy Surges

The cruel joke about Brazil was that it was the country of the future — and always would be. But now, Brazil is meeting its potential like never before.

Impressive economic growth, a booming commodity sector and the country’s popular government are receiving worldwide attention. The country’s center-left president, Luiz Inacio Lula da Silva — who as a boy shined shoes on the street — has led a crusade against poverty.

Innovative state programs, along with the economic growth, are lifting millions of Brazilians into the middle class and making the country a model for the developing world.

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Article - Brazil’s winning bid provides Olympic lesson for the world
By Ruth Melkonian

Recently, as the world waited for the International Olympic Committee (IOC) to announce its decision on the location of the 2016 games, many expected Chicago to win. After all, its most famous resident, the president of the U.S., had campaigned hard for its selection.

Instead, the IOC chose Rio de Janeiro, on grounds of its “strong technical bid” with “long-term aspirations for the future.”

Some reports said this would be “good for Rio de Janeiro.” But I’ve come to believe it might be the other way around: Showcasing Brazil through the Olympics could teach the world some important lessons.

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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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