IMF needs more money
The international Monetary Fund (IMF) is turning to Bric nations to help it boost its financial resources.
According to Reuters, the IMF is looking to double its 'war chest' by raising an astonishing $600 billion (approximately £388 billion) to help those embattled by the eurozone crisis.
Brazil is home to opportunities for investors in 2012
With Brazil now the sixth largest economy in the world, the opportunities for investment are better than ever, according to Obelisk International.
The private investment business believes that investors considering pumping money into the South American country will benefit from high returns, with real estate "difficult to beat".
Rio summit wants commitment from world leaders
Countries from around the world are to be asked to put pen to paper and sign a commitment to sustainable development goals.
A leaked document that has made its way to the Guardian reveals that, as part of the agenda of the United Nations Rio+20 sustainable development meeting, the first of its kind in 20 years, world leaders will be asked to give their word that they will be greener.
BDNES to lend billions to sugarcane industry
Brazil's national development bank, Banco Nacional de Desenvolvimento Economico e Social (BNDES), has announced that it is to lend billions of dollars worth of money to its sugar ethanol industry.
BNDES will lend the industry four billion reais (approximately £1.44 billion) to the industry in a move that is hoped will not only enhance the country's sugar harvest, but also boost its ethanol production by 17.5 per cent.
E.ON AG in Brazilian energy purchase
E.ON AG, the holding company of one of the world's largest energy service providers, has provisionally agreed to buy a ten per cent stake in a Brazilian power mining company.
The deal with MPX Energia will cost around $556 million (approximately £359.43 million) and is important in that it highlights E.ON's growing interest in emerging economies.
Investment bankers get a ‘25% pay rise’
Investment bankers in Brazil won major pay increases in 2011 as companies did everything in their power to keep hold of talented staff.
At present, the South American country has something of a shortage of home grown, business-savvy talent, which has been demonstrated in hikes in salaries.
XL Group Plc gets nod to do insurance in Brazil
XL Group Plc has secured approval to establish an insurance base of operations in Brazil.
The Ireland-based group will offer Brazilians a wide range of insurance services, which extend to the area of property.
Brazil secures £133m naval contract
Brazil has secured a massive naval contract, underscoring the country's growing strength in a wide variety of markets.
The South American country, which is fast becoming the go-to place for property investments, has been awarded a £133 million contract which will see it take on three ocean patrol vessels from BAE systems.
Brazil’s continued growth provides ‘confidence boost’
Brazil's continued economic expansion is set to see it leapfrog Britain as the world's sixth largest economy, which one economist believes will give the country a confidence boost.
The South American country is expected to grow five per cent in 2012, which is great news for Brazilian property investors.
Brazil to pump money into two state banks
The Brazilian government is looking to pump money into two state-controlled banks in a bid to boost their productivity.
Finance minister Guido Mantega is investing in the banks to allow them to lend more money next year, which will contribute to economic growth at a steady pace, reported Business Week.
