CME Group Inc. is promoting the soundness of futures markets to build on growth in contracts linked to the Brazilian and Russian currencies, according to a senior executive with the exchange company. Get the full story »
Inside these posts: Brazil
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Brazil wins ruling on U.S. orange juice tariffs
Brazil said on Monday the World Trade Organization had made a final ruling in its favor in a dispute with the United States over anti-dumping measures imposed on its orange juice exports.
The decision by a WTO dispute panel, which Brazil’s foreign ministry said in a statement was a “major victory,” would be the second major trade dispute Brazil has won against the United States after a successful case against U.S. cotton aid last year. Get the full story »
ADM invests in Brazilian palms, biodiesel plant
Archer Daniels Midland Co. on Wednesday announced a 5-year plan to invest in nearly 30,000 acres of palm trees in Brazil and build a new processing plant as part of a program to use palm in its biodiesel production.
The plant and palm acres are located in the northern Brazilian state of Para. Construction on the plant near Sao Domingos do Capim is anticipated to begin in 2013. It is expected to be operational in 2016. Get the full story »
Chicago’s Technomic teams up with Brazilian firm
Technomic Inc., a Chicago-based food industry consultant, has formed a joint venture with a Brazilian marketing company to advise companies interested in the Latin American market.
The venture with Gouvea de Souza, based in Sao Paulo, also will consult with Latin American food and beverage companies seeking to enter the U.S. market, the two companies said. Get the full story »
Equity Intl. CEO: Brazil demand outweighs fears
Brazil might be an exception to the rule of thumb that says avoid the asset everyone’s piling into, according to the chief executive of Equity International, the international arm of real estate mogul Sam Zell. Get the full story »
Corn Products to invest $75M to $100M in Brazil
Corn Products International Inc., which refines corn for use in food and industrial products, said Tuesday it plans to invest $75 million to $100 million over the next several years in its Brazilian business. Get the full story »
Sara Lee to buy regional Brazilian coffee company
Sara Lee Corp. said Monday it agreed to buy Cafe Damasco, a small Brazilian coffee company, for roughly $60 million as it looks to strengthen its position in South America’s largest country. Cafe Damasco has a leading position in the southern Brazilian state of Parana, and 2009 net sales of about $60 million. Get the full story »
ADM says late Brazil soy crop to boost US exports
Late soybean seeding in Brazil due to adverse planting weather will delay the harvest in the key soybean exporting country and bolster U.S. exports of the oilseed, the vice chairman of U.S. agricultural processor Archer Daniels Midland said on Tuesday. Get the full story »
Kraft lays out Cadbury integration strategy
Kraft executives laid out a strategy to deliver more growth and higher returns following its Cadbury acquisition, at the company’s annual investor conference in New York Wednesday.
In a presentation some analysts described as short on specifics, chief executive officer Irene Rosenfeld and key members of the executive team described a strategy of focusing on so-called “power brands” and regional brands in each area of the world, and a system for sharing best practices throughout the world. Get the full story »
Caterpillar to expand manufacturing in Brazil
Caterpillar Inc. plans to spend about $180 million to expand its manufacturing capacity in Brazil and meet growing demand in Latin America.
The world’s largest maker of construction and mining equipment said Wednesday that it had purchased an existing manufacturing plant in Campo Largo, Brazil, and over the next two years, it plans to expand its existing plant at Piracicaba, Brazil.
Kraft relying on Cadbury, emerging markets for growth
Kraft Foods Inc., the world’s biggest confectioner after buying Cadbury Plc, will start making Tang and chocolate next year at a new $50 million plant in Brazil, fueling expansion in faster-growing developing markets.
The move is part of Chief Executive Officer Irene Rosenfeld’s strategy to use Cadbury’s strength in those regions and prove to investors that the merger makes sense. Kraft now gets about one-quarter of its almost $50 billion in sales from emerging markets because of Cadbury. Get the full story »
United pilot detained for removing pants in Rio airport
A United Airlines pilot was briefly detained at the international airport in Rio de Janeiro after lowering his pants during a security screening, police said Saturday.
Pilot Michael D. Slynn, 49, was asked to remove his belt and shoes as part of a routine security screening Friday afternoon. In response, Slynn laughed at security guards and lowered his pants to his ankles, said a police spokesman who was prohibited by departmental rules from giving his name. Get the full story »
Brazil pulls Paris Hilton beer advertisement
Bloomberg | Brazil’s second-largest brewer has withdrawn a television ad featuring Paris Hilton simulating a striptease to voyeuristic neighbors. The ad was pulled after an industry group received complaints from consumers.
Primo Schincariol Industria de Cervejas e Refrigerantes SA said the ad for its Devassa Bem Loura brand — a play on words in Portuguese roughly translating as “Dirty Blond” — said in a statement that it would respect the decision by the advertising industry group Conar while it mounts a defense.
“The company believes that the advertisement starring the model Paris Hilton doesn’t offend, in any sense, any rule or orientation,” Schincariol, which is based in the city of Itu, in Sao Paulo state, said.
