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Tag: Brazilian companies

Brics: risky businesses

Dec 12, 2012 5:34pm by Avantika Chilkoti
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What price a reputation? Earning a good one takes time. Losing it can take a moment. So some of the biggest companies based in Brazil, Russia, India and China may not be pleased to read a report issued this week by RepRisk, a consultancy that calls itself “the leading provider of business intelligence on environmental, social and governance (ESG) risks”. Continue reading »

Tags: , , , , , , , , Posted in Asia, Brazil, China, Europe, India, LatAm, Russia |

Brazil telecoms: party over

Aug 8, 2012 12:17am by Samantha Pearson
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The party is finally over for telecoms companies in Brazil, it seems.

For the past couple of years, the likes of Italy’s Tim have enjoyed booming revenues and a relatively free reign over Brazil’s market – a welcome break from the misery back home in Europe.

But not even Brazil can offer much relief now. While a row with the industry regulator, Anatel, over poor service hangs over the companies, the country’s abrupt economic slowdown has also hit profits. Continue reading »

Tags: , , , Posted in Brazil, LatAm |

Petrobras Q2 loss: it’s not just FX

Aug 4, 2012 12:39am by Joe Leahy
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Petrobras offshore ship platformThere was a point earlier this year when Brazil’s real looked like it could weaken well past the R$2 to the dollar.

So, given the government’s long-held desire to help Brazilian manufacturers exporters become more competitive through currency depreciation, it was something of a mystery then when the central bank stepped in earlier this year and stopped it from sliding much further.

Now we know one of the reasons perhaps that the government was keen to keep a lid on its currency war – the worst results from state-run oil company Petrobras in 13 years and most of it due to a weaker real against the dollar. Continue reading »

Tags: , , , , Posted in Brazil, LatAm |

Brazil corporate results: no medals

Aug 1, 2012 11:01pm by Joe Leahy
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In Brazil’s second quarter corporate earnings season this year, the gold medals are few and far between. Indeed, even bronze is looking like a victory in this race to the bottom among what were once some of the most elite performers of the emerging market world. Continue reading »

Tags: , Posted in Brazil, LatAm |

Vale: no need to panic

Jul 26, 2012 11:00pm by Samantha Pearson
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Brazil’s Vale is nothing but optimistic.

The mining company’s net income slumped almost 60 per cent to $2.66bn in the second quarter from the year earlier – the worst results in two years.

The chief financial officer has just announced this week he is resigning and global iron ore prices have fallen to a nine-month low as Chinese growth slows.

But no need to panic, apparently. Continue reading »

Tags: , , , Posted in Brazil, LatAm |

Get ready for Brazil’s ugly earnings

Jul 18, 2012 10:00pm by Samantha Pearson
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Already depressed about Brazil’s growth (or lack of it)? Wished you’d picked another BRIC to invest your life savings in? Well brace yourself, second-quarter earnings season gets into full swing next week and it’s not going to be pretty.

According to Reuters on Wednesday, the results could be the worst in almost three years with disappointments coming from the banking sector as well as steelmakers and miners. Continue reading »

Tags: , Posted in Brazil, LatAm |

Brazil Inc: stars aligning in time for Carnival

Feb 17, 2012 11:54pm by Joe Leahy
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After what was looking like a so so fourth quarter corporate reporting season, the week has ended on a more optimistic note in Brazil on a mix of good company financial results and improving macro-economic fundamentals.

Latin America’s largest cosmetics company, Natura, led the way, beating forecasts with a 33 per cent increase in net profit to R$290.7m in the three months to end-December compared with a year earlier. Analysts surveyed by Bloomberg had predicted R$255.3m. Continue reading »

Tags: , Posted in Brazil, LatAm |

Brazil Inc: not cheering for a weak real

Oct 27, 2011 10:25pm by Samantha Pearson
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When Brazil’s central bank stepped into the market to defend the country’s weakening currency last month, many were a little bemused.

After all, the country’s finance minister, Guido Mantega, has spent the best part of this year waging a currency war against the dollar and complaining about just how strong the Brazilian real is.

But all became a little clearer on Wednesday night. Vale, the Brazilian mining giant, shocked analysts by reporting an 18 per cent plunge in third-quarter net profits. And the culprit? A $2.19bn currency loss and another $568m hit on derivatives related to foreign exchange and interest rate bets. Continue reading »

Tags: , , , , Posted in Brazil, LatAm |

Brazil Inc flexes its muscles abroad

Jul 4, 2011 4:32pm by Vincent Bevins
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What causes companies from an emerging market country to expand abroad? One obvious driver is an economy that is powering ahead whilst developed markets falter. Another familiar, but less reassuring phenomenon is an over-valued currency that causes companies to relocate production in search of lower prices.

Both were at work for Brazilian companies last year, according to a new report on Brazilian transnationals from the Fundação Dom Cabral, the business school. Continue reading »

Tags: , Posted in Brazil, LatAm |

BB: time to register

Dear beyondbrics readers,

After more than three years of fully open access, we are taking the step of asking our readers to register on FT.com to read our articles. Beyondbrics will still be free but we'd like to know a bit more about you, our readers. Other FT blogs (including Alphaville) already do the same thing. Registration is active on beyondbrics from May 6.

Many of you are already registered on FT.com, or are subscribers - in which case, if you are logged in to the site you will not notice any difference. Just carry on as before.

For those of you not yet registered, it's a simple process which only takes a few moments.

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Many thanks

Stefan Wagstyl, emerging markets editor

Global equities macromap

beyondbrics

The emerging markets hub

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Regulars Series Archive
Chart of the week
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A regular in-depth look at a significant emerging market-based company

The Weekender
Catch up with the week in emerging markets
Hello 2013
Guest posts on the outlook for the year ahead

2012 review
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BB review
An occasional series reviewing books and arts from around the beyondbrics world

Brics at 10
A decade of growth
12 for 2012
Guest writer predictions
2011 review
The year in numbers
The Diaspora Digest
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)

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