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Showing posts with label economic giant. Show all posts
Showing posts with label economic giant. Show all posts

Wednesday

IT'S TIME FOR AMERICA TO WAKE UP...TO THE RISING GIANT IN THE SOUTH

Is Brazil's Economy Getting to hot?

BILLIONAIRES

Is Brazil’s Economy Getting Too Hot?


Image via Wikipedia
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.

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