In a major win for a foreign company in Brazil, WorleyParsons Ltd said it had successfully been chosen in a contract that will see it offer engineering services in the country. The company announced that it had won a contract to offer engineering services for the Brazilian Iron ore mining giant, Vale’s S11D plant in [...]

Mafrig Foods, a Brazilian meat packer, announced Tuesday that it had concluded an agreement that allows it to purchase Keystone Foods, a US distributor, for $1.26 billion. Keystone Foods serves over 28,000 restaurants in thirteen countries across the globe and boasts pioneering the development of boneless chicken nugget. In 2009, the company had net revenue [...]

Brazil’s inflation grew more than had been expected in the days leading through mid may confirming expectations that the Brazilian Central bank may raise the benchmark interest rate, 0.75% to prevent economic overheating for the second time successively. From April 14th to May 13th, the IPCA-15 index reported a 0.63% rise in consumer prices from [...]

Natural gas is an emerging industrial sector in Brazil and the primary source of energy with the highest growth rates in the world energy matrix. Natural gas has been rated as an excellent option for use at the international level from its environmental friendly nature and to as an alternative source of energy. As a [...]