According to IMF estimates, the Brazilian economy is projected to grow 7.5% this year and 4.1% in 2011. Among emerging markets Brazil has recovered strongly from the financial crisis and the economy continues to grow. The following five charts show some of the reasons for the continued strength of the Brazilian economy: Click to Enlarge …
On September 28, 2010 the ADRs for WEG S.A., a Brazilian industrial equipments maker, started trading on the OTC market with the ticker WEGZY. The ADR program is a sponsored Level 1 program offering international investors access to this highly successful Brazilian multinational. WEG was founded in in 1961, in Jaraguá do Sul, the state …
The charts below show the performance comparison of two of the largest private sector banks in Brazil: Banco Bradesco(BBD) and Itau Unibanco (ITUB). 5-Year Performance Comparison 1-Year Performance Comparison For the most part, BBD and ITUB track each other. However in the last one year, Itau Unibanco has performed slightly better than Bradesco. Both the …
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The weekend edition of The Wall Street Journal has an article that discusses some of the reasons to invest in Brazilian banks now. The following are some of the key points from the article and also from Banco Central Do Brasil: Outstanding mortgages amount to just 3% of GDP compared to 18% in China and …
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