business

Fortune Magazine published recently its annual list of the 500 largest companies in the World, ranked by total revenue.
Five Brazilian companies were listed: Petrobras, in 65th position (up from 86th in 2006); Banco Bradesco, 224th, up from 269th; Banco Itaú, 288th, up from 415th; Banco do Brasil, 291st, up from 323rd; and newcomer mining giant […]

Brazil has a very high tax burden, compared to countries of similar social and economic situation.

August 22nd 2007. Tax burder in 2006 was 34.23% of GNP, according to Receita Federal. This is up from 33.38% in 2005, and is a new all time high in Brazil. These figures were already adjusted by the new methodology […]

Brazil is one of the countries with highest interest rates in the world.

July 19th: Central Bank cuts interest by 50 basis points. The SELIC is now 11.5% p.a. The decision is taken by seven directors of the Central Bank; this time, four directors voted for a reduction of 50 points, whereas two voted for 25 […]