Brazil Economics are doing well: more investment, vibrant bank activity, industrial expansion.
The Bovespa stock index climbed to the highest level in 21 months and the real strengthened after Brazil’s industrial production grew more than estimated and manufacturing in China expanded at a faster pace in March. READ MORE HERE
Banco Santander Brazil´s SA´s $500 million debt sale yesterday capped a record quarter of dollar bond offerings by Brazilian banks looking to tap into the lowest yields in two years to finance loan growth. Banks sold $6.3 billion of bonds in the first three months of 2010, surpassing annual totals in each year since at least 1999, according to data compiled by Bloomberg. READ MORE HERE.
Brazil’s industrial output expanded in February at the fastest pace in four months, cementing expectations that the central bank will increase interest rates this month to rein in rising inflation. READ MORE HERE.