December 08, 2009
Please click on each headline for this week's top stories!
Brazcan portal is a unique, online business tool providing users with access to profiles of the leading business and government organizations in Brazil and Canada. Through www.brazcan.org , users looking for resources involved in Brazil-Canada trade and investment will have access to profiles and contact information of consultants, accountants, customs brokers, transportation and packaging, lawyers, translators and interpreters, media and government agencies. The portal also links to extensive market research both on Canada and Brazil, and showcases trade and investment opportunities.
To find out how www.brazcan.org can transform your regions market intelligence please contact Brazcan project coordinator at 416-364-3555 or alternatively at bccc@iecanada.com
Trade Missions, Seminars and Other Events
"International Conference on Computer and Instructional Technology"
Rio de Janeiro, Brazil
March 29-31, 2010
The International Conference on Computer and Instructional Technology aims to bring together academic scientists, leading engineers, industry researchers and scholar students to exchange and share their experiences and research results about all aspects of Computer and Instructional Technology, and discuss the practical challenges encountered and the solutions adopted.
Country News
1. Brazil Economy Boosts Lula, not His Candidate - Poll
2. Gol Jumps to 19 - Month High on Increasing Air Traffic
3. Brazil Purchase of Russian Air Defence Systems Could Curtail US Sales of Aircraft
4. Brazil Promises Large Participation at 2010 Shanghai Expo
5. Indusval Severely Undervalued After Crisis, M&A Target - Analyst - Brazil
Country News
Brazil
Economy Boosts Lula, Not His Candidate - Poll
(Reuters)
Brazil's recovering economy has boosted President Luiz Inacio Lula
da Silva's popularity but done little to improve the prospects
of his chosen candidate
in next year's election, a poll showed on Monday.
Lula, whose stimulus package helped pull Brazil out of a recession in
the second quarter of this year, returned to the high popularity he enjoyed
before the global financial crisis, the Ibope poll showed.
His approval rating rose to 83 percent, compared with 81 percent three months ago and an all-time high of 84 percent in December of last year.
For the full story, click here
Gol Jumps to 19-Month High on Increasing Air Traffic
(Bloomberg)
Summary of original article by Paulo Winterstein
Gol Linhas Aereas Inteligentes SA, Brazil’s second-biggest airline, rose to a 19-month high in Sao Paulo trading after reporting that the number of seats taken on its flights jumped last month from the year-earlier period.
Gol increased 5.4 percent to 26.49 reais, the highest level since May 2008. Tam SA, Brazil’s biggest airline, climbed 4.9 percent to 33.35 reais.
Load factor, or the percentage of seats taken, for Sao Paulo-based Gol increased to 72 percent in November from 57 percent a year earlier, according to a statement today. The carrier said total revenue for each seat flown a kilometer rose 41 percent from a year earlier, while capacity rose 12 percent.
For the full story, click here
Brazil Purchase of Russian Air Defence Systems Could Curtail US Sale of Aircraft
(MercoPress)
The possible purchase of Russian anti-aircraft batteries for the Brazilian Army could influence Brazilian negotiations for the acquisition of US manufactured fighter planes, reports the Sunday edition of Correio Braziliense.
A Russian delegation met last month with the high command of the Brazilian army to advance in negotiations for the purchase of a ground-air defence system Tor.M23, similar to that sold by Moscow to the Iranian regime.
The system was specially developed by the Russians to counter the possible
attacks of the US F-18 Super Hornet fighter bombers, manufacture by Boeing.
Sources consulted by Correio Braziliense consider improbable that if
Brazil purchases the Russian ground-air defence system, United States
would accept to sell attack aircrafts with all its technological secrets
included.
For the full story, click here
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Brazil
Promises Large Participation at 2010 Shanghai Expo
(Xinhua)
Brazil will have large participation at next year's Shanghai World Expo, the Brazilian Trade and Investment Promotion Agency (Apex) said on Friday.
"We are finalizing the content of our pavilion with an important agenda of cultural representation, tourism and sports, plus a large business agenda. The Expo will be an opportune time for us to be even closer to our largest trading partner (China)," said Alessandro Teixeira, Apex's president and commissioner for the Shanghai Expo 2010.
The Brazilian Pavilion will be adjacent to those of the United States, Peru and Colombia. To take advantage of the proximity, the commissioners of the four countries have decided to share a cultural program in open space, as well as a business agenda.
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Indusval Severely Undervalued After Crisis, M&A Target - Analyst - Brazil
(Business News Americas)
Brazilian midsize bank Indusval's stock is still trading below a price-to-book multiple of 1, which marks it both as undervalued and an M&A target, São Paulo-based Empiricus Independent Research said in a note to clients.
The bank suffered along with other midsize peers during the crisis, and its preferred stock, IDVL4 on the Bovespa exchange, dropped from close to 20 reais per share in early December 2007 to a two-year low of 3.40 reais on November 24, 2008. It has since recovered slightly, opening Monday at 7.60 reais.
Brazil's large banks have seen their stocks surge in recent months, as global investors factor in Brazil's 5-6% GDP growth in 2010 and the outlook for credit expansion, but have not seemed to have given the same preference to those midsize banks that came close to total illiquidity and insolvency in the crisis, analyst Felipe Miranda wrote, noting that investors looked to be punishing the midsize banks too harshly.
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Disclaimer - BCCC Bulletin is provided as an information service to our members and key contacts. It is designed to provide the most up-to-date trade information from a variety of sources. The information we feature does not necessarily reflect the Chamber’s opinion on a given international trade issue. Although we endeavour to disclose accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. The Brazil-Canada Chamber of Commerce cannot assume any responsibility for actions taken solely or principally on the basis of information provided.