According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
Tags: Brazil
Belgian company Arseus buys software company in Brazil
Belgian medical equipment company Arseus struck a deal to acquire a pharmaceutical software maker in Brazil called Alternate Technologies.
Two Brazilian banks reducing risk with Grupo EBX developments
The collateral provided by Batista and Grupo EBX have helped reduce the bank exposure risk for Banco Santander Brasil and Itau Banco.
Embraer under investigation by US and Brazilian authorities
Embraer under fire for corruption charges in the Dominican Republic. American and Brazilian authorities are determining whether Embraer SA had bribed Dominican Republic officials for the grant of a USD90 million contract for attack planes for the country's armed forces.
Hypermarcas plans share repurchase of global bonds
Hypermarcas would be repurchasing 40% worth of its USD 750 million outstanding global bonds that would expire on in 2021.
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A second project between Dow and ERB has been agreed upon where the power plant would utilize sugar cane residue as fuel for electrical power.
In order to block the bid of Sinochem, OVL and Shell filed notice of purchase on the USD1.543 billion oil block interest from Petrobras.
The proposal of the Brazilian Stock Exchange to form a takeover panel has gained the support from investors and the Brazilian finance regulator.
Brazilian antitrust regulators had been investigating Google over alleged anticompetitive practices by Microsoft Corp and Brazilian rivals.
Educational company Anima Educacao would be undertaking a USD 158 million IPO later this month. Brazil-based educational firm Anima Educacao said it had set an initial public offering later this month.
The US and Brazil ties were foiled again after Brazil President Dilma Reousseff retaliated over reports that the US National Security Agency had spied on her top aides along with her private communications.
In a bid to comply with the 2010 Brazilian oil law, the government has sought ways to provide assistance for Petrobras to comply with requirements.
According to ThyssenKrupp CFP Guido Kerkhoff, there are still plans to sell off its Americas units, under certain conditions.
Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).
