Is Brazil's Economy Getting to hot?
BILLIONAIRES
Is Brazil’s Economy Getting Too Hot?
Last night 60 Minutes featured a segment on Brazil entitled “The World’s Next Economic Superpower.” Eike Batista, Brazil’s richest man and the world’s eighth richest man (profiled by Forbes in March) told Steve Kroft that it’s time for Americans to “wake up” to the economic giant to their south.
Many Americans have already been awake to Brazil for at least some time.
Just today, General Electric demonstrated its interest in Brazil when it announced a plan to buy subsea pipeline manufacturer Wellstream Holdings, which derives a “substantial portion” of revenues from Brazil, for $1.3 billion.