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Will Facebook Become a Penny Stock Next Year? (FB)
Beginning at $38 last month, Facebook (NASDAQ:FB) closed at $33.1 on Tuesday and is trading 3% lower at $32.08 on June 27, at last check. While Facebook’s Wall Street underwriters are maintaining an optimistic sunny-side-up face, and even slapping unlikely … Continue reading
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Brazil Oil Boom Part 2
All the new oil reserves are located alongside the existing oil fields in the eastern coast of Brazil. The Brazilian state owned oil company, Petrobras is expected to invest more than $200 billion for deep sea oil exploration by the … Continue reading
Brazil Oil Boom Part 1
With the huge deposits of oil deposits found in Brazil, it is also set to become a part of the oil boom which had earlier led to the rise of Gulf States. The new estimates have put the oil deposits … Continue reading
A Peek at World’s Highest Spending to GDP Ratios
Today, the world is in the midst of an apparently unending sovereign debt crisis with many nations either unwilling or incapable of controlling government spending. When government spending in particular shoots out of control, the local currency, the investment climate, … Continue reading
Highly Attractive Brazilian Oil blocks: Now Shell is About to Invest $ 1.6 Billion
According to industry sources and seniors members of Royal Dutch Shell, the company will invest more than $1.6bn in the second phase exploration of a key Brazilian oil block and also contemplates to compete in the country’s next auction of … Continue reading
Threat Looms over the Brazilian Steel Industry
According to a new report released by Fitch Ratings last week, Brazilian steel demand is anticipated to stay strong due to a lively construction sector, increased infrastructure and investment spending. Nevertheless, the study warns that a worsening operating environment in … Continue reading
The Sudden U-Turn for the Brazilian Real: How Much More Will it Plunge?
Last Thursday, Brazil’s central bank suddenly acted to halt the currency’s slide, stressing growing concern among officials that the global financial crisis is damaging Brazil’s economy and could cause a potentially destructive shoot in inflation. The bank’s decision to sell … Continue reading
BRICS Support to Faltering Euro-zone: Finally, Some Ray of Hope
While until last week, members from BRICS group looked reluctant (apart from Brazil) to play a significant role in current euro zone crisis, it now appears that BRICS might well rescue struggling economies. In the latest G20 meeting in Washington … Continue reading
