December 15, 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
Dear Readers,
Please note that due to the holiday's season the Chamber will be back with the newsletter on January, 5th.
We wish you a Merry Christmas and a Happy New Year!
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's Vale Sees Iron Ore Prices Higher in 2010
2. Equity International to Buy Brazilian Finance Stake
3. Brazilian President Hails Economic Solidity of Brazil, Peru
4. Brazilian State Bank BNDES May Fund African and South American Companies to Buy Brazilian Equipment
5. Steel Distributors' Stocks Dangerously Low - Executive - Brazil
Country News
Brazil's
Vale Sees Iron Ore Prices Higher in 2010
(Reuters)
Iron ore prices will likely rise in 2010, underpinned by growing demand
from China, the chief executive of Brazilian mining giant Vale said on
Monday, without offering estimates of how much prices could rise.
"
I think it's going to be a positive year, and iron prices are showing a
tendency towards increase, but I do not know by how much," said Roger
Agnelli in remarks to reporters.
Iron spot prices are still some 30 percent above 2009 contracts on
a freight-adjusted basis, a sign of continuing demand for raw materials
as the global economy begins recovering from last year's financial
crisis.
For the full story, click here
Equity International to Buy Brazilian Finance Stake
(Bloomberg)
Summary of original article by Laura Price
Sam Zell’sEquity International agreed to buy 8.5 percent of Brazilian Finance & Real Estate Participacoes SA to expand in the country’s property market.
The company’s Coyote Trail LLC unit will acquire 3.9 million new voting shares and 15.4 million preferred shares, according to a regulatory filing today. It also gained an option to buy an additional 12.2 percent of Brazilian Finance, which repackages loans and consumer-related assets into securities. No price was disclosed.
Equity International is looking for partners to expand Brazil’s “still
nascent” real-estate financing market, Thomas McDonald, chief strategic
officer and vice president of investments said in July. Falling interest
rates, political stability and a “solid” currency make Brazil
stand out among large emerging markets, he said.
For the full story, click here
Brazilian President Hails Economic Solidity of Brazil, Peru
(Xinhua)
The economic solidity of Peru and Brazil is "envy" of rich
countries, Brazilian President Luiz Inacio Lula da Silva said on Friday.
"
Today, many rich countries envy the economy solidity we have," Lula
said after meeting with his Peruvian counterpart Alan Garcia.
"Let's look at the map of Brazil and Peru: it is like if we were
holding hands. That is how God made our continent."Lula also stressed
the importance of his meeting with Garcia and said it "creates the
base of strong ties between the two nations, and it will serve as an
example for the ties we develop with other countries."
For the full story, click here
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Brazilian
State Bank BNDES May Fund African and South American Companies
to Buy Brazilian Equipment
(MacauHub)
Brazil’s Nacional de Desenvolvimento Económico e Social (BNDES) is analyzing the creation of a credit line to allow companies from Africa and South America to import Brazilian equipment, the Brasil news agency reported.
The agency said that the funding would be provided in partnership with banks from other countries and would come from a BNDES fund called Funding for Machines and Equipment (Finame).
The operation will be carried out through a BNDES contract with a foreign
bank. Brazilian suppliers will export products and receive the value
of the sale in Brazilian reals from BNDES, which means the currency will
not leave the country.
For the full story, click here
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Steel Distributors' Stocks Dangerously Low - Executive - Brazil
(Business News Americas)
Summary of original article by Claudio Mendonça
Brazilian steel distributors' inventories are at "dangerously low" levels, a sector executive told BNamericas.
"We are seeing stocks ending the year at a very low level," local distributor Frefer president Christiano Freire said. "Low stocks are good news for distributors but bad news for the steel chain."
As the Brazilian economy starts to heat up again Freire said distributors
are beginning to feel an absence of certain products.
For the full story, click here
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And The BCCC Communication Committee: Almeiri Santos, Yuri Oliveira and Fabiana Silva.
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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.