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Nov 10, 2010

Brazil’s PanAmericano gets loan to shore up capital

SAO PAULO, Nov 9 (Reuters) – Banco PanAmericano, the
Brazilian bank specializing in consumer lending, got a 2.5
billion real ($1.5 billion) emergency cash injection from its
controlling shareholder on Tuesday to shore up its balance
sheet.

Grupo Silvio Santos, which owns about 49 percent of the
bank’s capital, borrowed the money from Brazil’s deposit
guarantee fund, PanAmericano said in a securities filing. Some
of the group’s assets will be held as collateral for the loan.

Nov 9, 2010

Brazil’s PanAmericano gets $1.5 bln emergency loan

SAO PAULO, Nov 9 (Reuters) – Banco PanAmericano, the
Brazilian bank specializing in consumer lending, got a 2.5
billion real ($1.5 billion) emergency cash injection from its
controlling shareholder on Tuesday to shore up its balance
sheet.

Grupo Silvio Santos, which owns about 49 percent of the
bank’s capital, signed a loan accord with Brazil’s deposit
guarantee fund to obtain the funds for the injection, the
company said in a securities filing. Terms of the transaction
were not disclosed.

Oct 11, 2010

Brazil fertilizer industry wants import tariff

PIRACICABA, Brazil, Oct 11 (Reuters) – The Brazilian
government has tried to boost the country’s self-sufficiency in
fertilizer production for years as a matter of national
security, and industry players said a protective tariff may be
needed to boost local capacity that only meets a third of
farmers’ needs.

Brazil has become one of the world’s most important farming
powers, yet very little new capacity in fertilizer production
has been added over recent decades. Of the main nutrients used
on crops — nitrogen, phosphorous and potash, also know as NPK
– Brazil imports over 60 percent.

Aug 24, 2010

Brazil curtails land sales to foreigners

BRASILIA, Aug 24 (Reuters) – The Brazilian government has
tightened restrictions on unfettered land purchases by
foreigners, authorities said on Tuesday, renewing concerns
among investors.

Brazil is one of the world’s leading food producers.

The government has decided to close a legal loophole that
had permitted foreign interests to circumvent existing
restrictions by creating a Brazil-based company, the
attorney-general’s office said.

Jul 13, 2010

World Bank, IDB say carbon market is maturing

SAO PAULO (Reuters) – The world’s carbon credit market is maturing after being hit hard by the global financial crisis and will outlive the Kyoto Protocol that ends in 2012, World Bank and Inter-American Development Bank officials said

on Tuesday.

When the 2008 crisis tightened global credit markets, it also hit lines of financing for green project development, which help companies generate carbon credits to sell to buyers who want to offset their own emissions.

Jun 22, 2010

Analysis: Ethanol blend rise may revive auto industry

SAO PAULO (Reuters) – U.S. automakers oppose raising the blend of ethanol in gasoline from the current 10 percent, saying cars won’t run as well on higher blends, but Brazil’s experience shows their arguments are weak.

Brazil, a model in the biofuels industry, began its ethanol program in 1975 after the world oil crisis sent its economy into a nose dive. The country was importing about 80 percent of its crude at the time.

Jun 21, 2010

U.S. ethanol blend rise may revive auto industry

SAO PAULO (Reuters) – U.S. automakers oppose raising the blend of ethanol in gasoline from the current 10 percent, saying cars won’t run as well on higher blends, but

Brazil’s experience shows their arguments are weak.

Brazil, a model in the biofuels industry, began its ethanol program in 1975 after the world oil crisis sent its economy into a nose dive. The country was importing about 80 percent of its crude at the time.

Jun 21, 2010

Analysis: Higher U.S. ethanol blend may revive auto industry

SAO PAULO (Reuters) – U.S. automakers oppose raising the blend of ethanol in gasoline from the current 10 percent, saying cars won’t run as well on higher blends, but Brazil’s experience shows their arguments are weak.

Brazil, a model in the biofuels industry, began its ethanol program in 1975 after the world oil crisis sent its economy into a nose dive. The country was importing about 80 percent of its crude at the time.

May 19, 2010

World coffee output seen up 19 pct in 2010/11 -NKG

GUARUJA, Brazil, May 19 (Reuters) – World coffee output
will leap to 147.9 million 60-kg bags in 2010/11 from 124.2
million bags the year before, but mild Colombian arabica beans
will remain in short supply, a director at the Neumann Kaffee
Gruppe (NKG) said on Wednesday.

Speaking on the sidelines of the 18th International Coffee
Seminar in the port city of Guaruja, NKG statistics director
Neil Rosser said production in key producer countries looked on
course toward harvesting healthy crops this year which would
help rebuild depleted consumer stocks.

May 7, 2010

Companies say they must be in Brazil: Bain

SAO PAULO (Reuters) – Multinationals seeking advice on entering Latin America’s largest economy are telling global business consultants Bain & Company that “they have to be in Brazil,” partner Pedro Cordeiro said on Thursday.

Speaking at the Latin American Investment Summit from the Sao Paulo office of Reuters, Cordeiro said that not only oil majors were keen to gain a foothold in one of the hottest exploration and production markets in the world.

    • About Reese

      "I'm a ten-year Reuters commodities reporter in Brazil. The economic coming of age of the emerging markets has elevated the importance of the country's mineral and agricultural potential. After a decade here, I still feel as though I've only scratched the surface in understanding the country's wealth and diversity in commodities markets ranging from soybeans, sugar, coffee and orange juice to iron ore, petroleum and timber."
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