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Brazil’s fertilizer plan: Good for Vale, bad for Petrobras,
24 Feb 2010
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Agriculture/food/biofuels |
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Regulatory changes shouldn’t deter rail investors,
Grace Fan,
23 Feb 2010
New rules are not likely to hurt prospects for new private investment |
Infrastructure |
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Understanding the risks of the 2010 presidential election,
Elizabeth Johnson,
12 Feb 2010
Major policy changes are unlikely, no matter who wins |
Politics/governance |
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Subsalt/Petrobras bills hit a welcome snag,
Grace Fan,
5 Feb 2010
Royalties issue roils congressional debate and will likely provoke delays that are ultimately beneficial for investors |
Energy |
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Brazil fertilizer investment could score big political points for Vale,
22 Jan 2010
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Brief Notes |
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Ethanol: Longer-term outlook brightens despite a temporary drop in blend,
Grace Fan,
14 Jan 2010
The US, Brazil’s top market, is on track to trim its ethanol import tariff at year end |
Agriculture/food/biofuels |
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Power jolted back to centre stage,
Grace Fan,
10 Dec 2009
Short-term supplies are assured but a medium-term electricity crunch still threatens |
Energy |
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Should Brazil's credit card companies fear the regulators?,
Elizabeth Johnson,
7 Dec 2009
Concerns that the Banco Central will recommend, and Congress will pass, radical changes to the card-acquiring industry are overblown |
Consumer |
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Subsalt legislation and Petrobras bill advance,
Grace Fan,
11 Nov 2009
Rising dissent could reshape terms of Petrobras capital increase bill in H1/10 |
Energy |
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Brazil battles the inevitable with the ineffective,
Larry Brainard,
3 Nov 2009
The new tax on capital inflows will boost volatility but not stem the Real’s long-term appreciation |
Macro policy |
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When will the sugar high vanish?,
Grace Fan,
29 Oct 2009
Even when prices inevitably drop, the balance sheets of Brazil's top sugar-ethanol firms should stay healthy in 2010 |
Agriculture/food/biofuels |
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Bureaucratic snags highlight challenges for road concessions,
Elizabeth Johnson,
15 Oct 2009
Despite bumps in the road, the sector continues to merit investor attention |
Infrastructure |
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Racing into farmland: Risks and rewards,
Grace Fan,
1 Oct 2009
Excellent long-term prospects, but some young firms will feel short- to medium-term growing pains |
Agriculture/food/biofuels |
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BRAZIL: M&A puts antitrust regulators to the test,
Elizabeth Johnson,
21 Sep 2009
Brazilian authorities are likely to approve the Perdigao-Sadia merger, despite their tough talk |
Politics/governance |
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UPDATE: BRAZIL: Petrobras’ subsalt role becomes clearer,
Grace Fan,
4 Sep 2009
The new regulatory model makes subsalt central to the 2010 presidential race |
Energy |
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BRAZIL: Banks pile into payroll lending,
Elizabeth Johnson,
Grace Fan,
2 Sep 2009
Growth in payroll credit has surpassed pre-crisis levels and competition will continue to be fierce, especially from public banks |
Consumer |
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The TS View: Brazilian markets move into pole position,
Larry Brainard,
19 Aug 2009
Most investors missed the rally – get set for the rerun |
Macro policy |
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BRAZIL: Petrobras and subsalt in the political spotlight,
Grace Fan,
13 Aug 2009
Lula’s current goal is not the rapid passage of new oil legislation, but a win for his party in the 2010 presidential election |
Energy |
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Brazil: Retail revving up,
Grace Fan,
23 Jul 2009
Sales of durables will accelerate in H2/09, aided by temporary tax breaks and expanding consumer credit |
Consumer |
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BRAZIL-CHINA: Love match or clash of titans?,
Elizabeth Johnson,
Larry Brainard,
14 Jul 2009
Despite the impressive growth of trade a rocky road lies ahead |
Macro policy |
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Brazil Ethanol UPDATE: Petrobras gasoline hike and Cosan acquisition of Esso,
25 May 2008
Developments at Petrobras and Cosan highlight the strategic case for Brazilian ethanol and point to profitability gains |
Energy |
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Brazil: How will the global crisis affect Brazilian ethanol? UPDATE,
25 Nov 2008
Bargain M&A opportunities emerge in a sector with compelling medium- to long-term prospects |
Energy |
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Brazil: Sweet or sour? Ethanol and sugar 2009-10,
28 May 2009
India’s current sugar deficit will undoubtedly aid Brazilian producers, but the sector’s longer-term health depends on anchoring and developing ethanol export markets |
Agriculture/food/biofuels |
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Brazil: Who benefits from the new housing package?,
14 May 2009
Electoral politics are driving the new low-income housing stimulus package, but some construction materials companies and developers will benefit |
Consumer |
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Brazil UPDATE: How will animal protein fare in the global crisis?,
11 Mar 2009
Export volumes are stabilising, but lower revenues and credit woes will burden the sector in the shorter term |
Agriculture/food/biofuels |
