Brazil keeps coming up in the strangest places lately:
Aug 31 (Financial Times) - - The World Trade Organisation gave Brazil the green light on Monday to impose $295m (€206m, £181m) of sanctions on US goods over Washington’s failure to scrap illegal subsidies to its cotton farmers.
http://www.ft.com/cms/s/0/a583eb44-9658-11de-84d1-00144feabdc0.html?nclick_check=1
The US Department of Justice has alleged that an employee of Brown Brothers Harriman, a US private bank, helped Brazilian clients avoid measures to detect money laundering and conceal the proceeds of crimes including fraud and tax evasion. The DoJ made the allegation in an application to freeze about $450m in an account held at BBH in New York in the name of Tiger Eye Investments Limited, a company registered in the Cayman Islands.
http://www.ft.com/cms/s/0/183060f8-940d-11de-9c57-00144feabdc0.html
Aug. 15 (Bloomberg) — Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFHPjfeUvtl8
The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
We said George Soros is more of a speculator than an investor. When come to the long equity position, he is willing to take some very concentrated positions in one or two industry. Right now, Oil and Gas is the name of the game, and Consumer Services names are catching up. George Soros’s top five holding as of March 31, 2009 include: Petroleo Brasileiro S.A.Petrobras (PBR), Potash Corp. of Saskatchewan Inc. (POT), Hess Corp. (HES), ConocoPhillips (COP), Lowe’s Companies Inc. (LOW)”
http://www.gurufocus.com/news.php?id=57768
(July 16th)
General Motors is spending more money where it counts: Latin America. The Latin American market has been generous to the struggling automaker despite struggles at home. Today, GM announced a $1 billion plan to expand its vehicle lineup in Brazil.
http://www.mlive.com/auto/index.ssf/2009/07/general_motors_announces_1_bil.html
If a tree falls in Brazil, it will, in fact, be heard in the U.S. - at least if a little-noticed provision in the pending climate-change bill in Congress becomes law. As part of the far-reaching climate bill, the House is set to vote Friday on a plan to pay companies billions of dollars not to chop down trees around the world, as a way to reduce global warming.
http://www.washingtontimes.com/news/2009/jun/25/climate-bill-gives-billions-to-foreign-foliage/
(June 17th)
The global financial crisis has reduced the differences between nations and created the opportunity to form a new world order, Brazilian President Luiz Inacio Lula da Silva said Wednesday. [This was at the ‘BRIC’ conference - Brazil, Russia, India, China - for developing nations]
http://www.breitbart.com/article.php?id=CNG.db1c3a82d0827b5cdf05eea3ba146af8.511&show_article=1
Brazil purchases 250 German Leopard tanks to guard its borders The Brazilian army purchased 250 German leopard 1 A5 tanks which will be displayed mainly along the country’s 16.000 kilometres of land and fluvial borders thus reinforcing its dissuasive capacity in the event of foreign attacks.
http://en.mercopress.com/2009/08/04/brazil-purchases-250-german-leopard-tanks-to-guard-its-borders
French, Swedish and US defense companies pursuing a four-billion-dollar deal to replace Brazil’s aging fleet of fighter jets are stepping up lobbying efforts ahead of a decision expected within the next couple of months.
http://www.google.com/hostednews/afp/article/ALeqM5hcWS3yUEGTtRQuN20bJ93-gqioiQ
Aug 31 (Financial Times) - - The World Trade Organisation gave Brazil the green light on Monday to impose $295m (€206m, £181m) of sanctions on US goods over Washington’s failure to scrap illegal subsidies to its cotton farmers.
http://www.ft.com/cms/s/0/a583eb44-9658-11de-84d1-00144feabdc0.html?nclick_check=1
The US Department of Justice has alleged that an employee of Brown Brothers Harriman, a US private bank, helped Brazilian clients avoid measures to detect money laundering and conceal the proceeds of crimes including fraud and tax evasion. The DoJ made the allegation in an application to freeze about $450m in an account held at BBH in New York in the name of Tiger Eye Investments Limited, a company registered in the Cayman Islands.
http://www.ft.com/cms/s/0/183060f8-940d-11de-9c57-00144feabdc0.html
Aug. 15 (Bloomberg) — Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFHPjfeUvtl8
The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
We said George Soros is more of a speculator than an investor. When come to the long equity position, he is willing to take some very concentrated positions in one or two industry. Right now, Oil and Gas is the name of the game, and Consumer Services names are catching up. George Soros’s top five holding as of March 31, 2009 include: Petroleo Brasileiro S.A.Petrobras (PBR), Potash Corp. of Saskatchewan Inc. (POT), Hess Corp. (HES), ConocoPhillips (COP), Lowe’s Companies Inc. (LOW)”
http://www.gurufocus.com/news.php?id=57768
(July 16th)
General Motors is spending more money where it counts: Latin America. The Latin American market has been generous to the struggling automaker despite struggles at home. Today, GM announced a $1 billion plan to expand its vehicle lineup in Brazil.
http://www.mlive.com/auto/index.ssf/2009/07/general_motors_announces_1_bil.html
If a tree falls in Brazil, it will, in fact, be heard in the U.S. - at least if a little-noticed provision in the pending climate-change bill in Congress becomes law. As part of the far-reaching climate bill, the House is set to vote Friday on a plan to pay companies billions of dollars not to chop down trees around the world, as a way to reduce global warming.
http://www.washingtontimes.com/news/2009/jun/25/climate-bill-gives-billions-to-foreign-foliage/
(June 17th)
The global financial crisis has reduced the differences between nations and created the opportunity to form a new world order, Brazilian President Luiz Inacio Lula da Silva said Wednesday. [This was at the ‘BRIC’ conference - Brazil, Russia, India, China - for developing nations]
http://www.breitbart.com/article.php?id=CNG.db1c3a82d0827b5cdf05eea3ba146af8.511&show_article=1
Brazil purchases 250 German Leopard tanks to guard its borders The Brazilian army purchased 250 German leopard 1 A5 tanks which will be displayed mainly along the country’s 16.000 kilometres of land and fluvial borders thus reinforcing its dissuasive capacity in the event of foreign attacks.
http://en.mercopress.com/2009/08/04/brazil-purchases-250-german-leopard-tanks-to-guard-its-borders
French, Swedish and US defense companies pursuing a four-billion-dollar deal to replace Brazil’s aging fleet of fighter jets are stepping up lobbying efforts ahead of a decision expected within the next couple of months.
http://www.google.com/hostednews/afp/article/ALeqM5hcWS3yUEGTtRQuN20bJ93-gqioiQ
Aug 31 (Financial Times) - - The World Trade Organisation gave Brazil the green light on Monday to impose $295m (€206m, £181m) of sanctions on US goods over Washington’s failure to scrap illegal subsidies to its cotton farmers.
http://www.ft.com/cms/s/0/a583eb44-9658-11de-84d1-00144feabdc0.html?nclick_check=1
The US Department of Justice has alleged that an employee of Brown Brothers Harriman, a US private bank, helped Brazilian clients avoid measures to detect money laundering and conceal the proceeds of crimes including fraud and tax evasion. The DoJ made the allegation in an application to freeze about $450m in an account held at BBH in New York in the name of Tiger Eye Investments Limited, a company registered in the Cayman Islands.
http://www.ft.com/cms/s/0/183060f8-940d-11de-9c57-00144feabdc0.html
Aug. 15 (Bloomberg) — Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFHPjfeUvtl8
The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
We said George Soros is more of a speculator than an investor. When come to the long equity position, he is willing to take some very concentrated positions in one or two industry. Right now, Oil and Gas is the name of the game, and Consumer Services names are catching up. George Soros’s top five holding as of March 31, 2009 include: Petroleo Brasileiro S.A.Petrobras (PBR), Potash Corp. of Saskatchewan Inc. (POT), Hess Corp. (HES), ConocoPhillips (COP), Lowe’s Companies Inc. (LOW)”
http://www.gurufocus.com/news.php?id=57768
(July 16th)
General Motors is spending more money where it counts: Latin America. The Latin American market has been generous to the struggling automaker despite struggles at home. Today, GM announced a $1 billion plan to expand its vehicle lineup in Brazil.
http://www.mlive.com/auto/index.ssf/2009/07/general_motors_announces_1_bil.html
If a tree falls in Brazil, it will, in fact, be heard in the U.S. - at least if a little-noticed provision in the pending climate-change bill in Congress becomes law. As part of the far-reaching climate bill, the House is set to vote Friday on a plan to pay companies billions of dollars not to chop down trees around the world, as a way to reduce global warming.
http://www.washingtontimes.com/news/2009/jun/25/climate-bill-gives-billions-to-foreign-foliage/
(June 17th)
The global financial crisis has reduced the differences between nations and created the opportunity to form a new world order, Brazilian President Luiz Inacio Lula da Silva said Wednesday. [This was at the ‘BRIC’ conference - Brazil, Russia, India, China - for developing nations]
http://www.breitbart.com/article.php?id=CNG.db1c3a82d0827b5cdf05eea3ba146af8.511&show_article=1
Brazil purchases 250 German Leopard tanks to guard its borders The Brazilian army purchased 250 German leopard 1 A5 tanks which will be displayed mainly along the country’s 16.000 kilometres of land and fluvial borders thus reinforcing its dissuasive capacity in the event of foreign attacks.
http://en.mercopress.com/2009/08/04/brazil-purchases-250-german-leopard-tanks-to-guard-its-borders
French, Swedish and US defense companies pursuing a four-billion-dollar deal to replace Brazil’s aging fleet of fighter jets are stepping up lobbying efforts ahead of a decision expected within the next couple of months.
http://www.google.com/hostednews/afp/article/ALeqM5hcWS3yUEGTtRQuN20bJ93-gqioiQ
Thank you for the additional links and post, Kitj.