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To: architect* who wrote (788)2/14/2012 1:10:35 AM
From: elmatador   of 1297
 
Bovespa is up but USD severely down.

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To: elmatador who wrote (789)2/14/2012 11:13:45 AM
From: architect*   of 1297
 
Bovespa is up but USD severely down.



Interest rates yields are as high as what, 10% that's going to inflate the Brazilian Real. I'm thinking about the investment groups that will benefit from falling interest rates in Brasil.

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From: architect*2/14/2012 12:37:08 PM
   of 1297
 
HRT PARTICIPACOES EM PETROLEO S (HRP.V) looks good here, after a big decline in valuation.

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From: architect*2/14/2012 3:50:49 PM
   of 1297
 
UBS Downgrades Brazil Oil Start-Up HRT To Sell, Slashes Price Target


3:27 PM ET 1/30/12 | Dow Jones
By Jeff Fick

Of DOW JONES NEWSWIRES

RIO DE JANEIRO (Dow Jones)--UBS downgraded Brazilian oil startup HRT Participacoes em Petroleo SA (HRTP3.BR) to "Sell" from "Buy" and slashed its price target for the company's shares after HRT released details about a farm-out deal with BP PLC's (BP) Russian joint venture TNK-BP Ltd. (TNBP.RS).

In a filing with stock regulators late Friday, HRT said that it would pay all costs for its 2011 exploration program and the first $175 million of the 2012 campaign. The terms of the TNK-BP deal "are far more negative in view of HRT's weak balance sheet and the early stages of its exploration campaign," UBS said in a note to clients, adding that risks to minority shareholders have grown.

Deals such as the one HRT agreed to with TNK-BP, called a farm-out, typically reduce the level of exploratory risk for fledgling oil companies. Small companies get some monetary value for their investments and discoveries, while also bringing in the financial muscle of a larger partner to reduce costs and speed up development.

HRT Chief Financial Officer Lourenco Bastos-Tigre said in an email that the deal with TNK-BP "will consolidate the company's cash position and its capacity to move forward with its exploratory campaign." At the end of the third quarter, HRT said it had about 2 billion Brazilian reais ($1.14 billion) in cash.

While TNK-BP will pay HRT $1 billion for the 45% stake in 21 exploration blocks in the remote Amazon area known as the Solimoes Basin, TNK-BP does not appear to be picking up much of the tab for future exploration plans. HRT did not provide a breakdown on how exploration costs will be divided with TNK-BP after the first $175 million, but the company said at the end of the third quarter that it planned to spend $407 million in 2012.

That means that should HRT run short of cash to finance its exploration campaign, it would have to seek alternative sources of funding. Raising additional cash could come from credit markets or by selling shares, which could possibly dilute current shareholders.

HRT operates the Solimoes Basin blocks with a 55% stake. HRT officials said previously that the blocks contain potential reserves of between 4 billion and 6 billion barrels of light oil and between 10 trillion and 20 trillion cubic feet of natural gas.

In addition to the downgrade to "Sell," UBS also cut its price target for the company's shares to BRL460.00 from BRL925.00. Investors appeared unfazed by the price-target drop, sending HRT shares trading 2.2% higher at BRL470.00 ahead of the closing bell on the Sao Paulo Stock Exchange--although the shares are still down nearly 75% over the past 12 months. HRT's shares outperformed the broader market as measured by the Ibovespa stocks index, which fell 0.3%.

UBS said that it now questioned the capability of HRT to deliver on the promise contained in its Solimoes Basin blocks and the 10 blocks the company operates offshore Namibia.

"We have become much more skeptical of management delivering in Solimoes and farming-out at reasonable terms in Namibia," UBS said in referencing the substantial reduction in its price target.

In addition, UBS raised a caution flag for investors eyeing pure Brazilian exploration and production plays such as HRT, warning that they're not for the faint of heart. Stock prices for such companies reflect not only the companies' core assets but also less-certain contingent reserves, according to UBS.

-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com

> Dow Jones Newswires

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To: architect* who wrote (791)2/14/2012 5:11:06 PM
From: architect*   of 1297
 
HRT PARTICIPACOES EM PETROLEO S (HRTPY / HRP.V)
Wesite:

hrt.com.br 

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From: elmatador2/15/2012 5:34:16 AM
   of 1297
 
Brazil to enhance ties with China Updated
0

2012-02-15 08:01:13.0

Brazil to enhance ties with ChinaBrazil to enhance ties with China

Leaders say relationship has strengthened

BEIJING - China and Brazil will strengthen cooperation in various fields and work together to safeguard the interests of developing nations, leaders of the two nations said in Brasilia on Monday local time. Speaking at a meeting with visiting Chinese Vice-Premier Wang Qishan, Brazilian President Dilma Rousseff said Brazil-China ties have witnessed strong growth in recent years and that political mutual trust has been enhanced amid frequent high-level exchanges.

Rousseff said Brazil views its ties with China from a global perspective and believes in the strategic importance of bilateral ties. She said bilateral cooperation in trade, investment, finance, science and technology has developed greatly since the two countries held the first session of the China-Brazil High-level Coordination and Cooperation Committee in Beijing in 2006.

Brazil and China share broad common interests and tremendous prospects for cooperation, the Brazilian president said, adding that she hopes the two nations could strengthen their cooperation in various multilateral mechanisms and jointly lift the level of cooperation among emerging economies so as to promote world economic recovery and growth.

For his part, Wang spoke along similar lines regarding bilateral ties, and said China wants to step up cooperation with Brazil, one of its strategic partners, on key international and regional issues and jointly safeguard the interests of developing nations. After an earlier meeting with Wang, Brazilian Vice-President Michel Temer was quoted as saying by AFP that they discussed issues including Brazilian exports of manufactured goods to China. A "future voluntary" reduction of Chinese exports to Brazil was also discussed, amid concerns in Brazil that the influx of Chinese goods may undermine the local manufacturing sector.

Meanwhile, Brazil is seeking to boost its sales of manufactured products to China. Basic food commodities and raw materials make up the bulk of its exports to China. Wang left Beijing on Feb 10 to co-host the second meeting of the China-Brazil High-level Coordination and Cooperation Committee. Bilateral trade totaled $77.1 billion last year, with a surplus of $11.5 billion for Brazil. China surpassed the United States in 2009 to become Brazil's top trade partner. Xinhua-China Daily

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From: elmatador2/16/2012 9:38:02 AM
   of 1297
 
Women take over Brazil! General Motors: A Woman at the Wheel
Feb. 15, 2012
Broos Campbell, Staff Writer

Grace Lieblein, president and managing director of General Motors do Brasil, is cheerful and gracious on the phone from Sao Paolo just before Christmas. You wouldn't know it was the eve of a major holiday, with all its traditional last-minute running around.

GM is renovating its entire Brazilian portfolio, she says.

"We launched two new vehicles in the last four months, and have seven more to launch (in 2012). A very exciting time!"

Her priorities when she arrived at GM do Brasil were fivefold: customer satisfaction, quality, competitiveness, team capabilities and ensuring that the company's portfolio meets the Brazilian market's needs.

"We employ about 25,000 people directly in Brazil, with over 600 dealerships across the country," she says. She declined to divulge the subsidiary's revenues.

She modestly attributes her success to having great leaders, taking stretch assignments, focusing on performance and loving what she does.

She doesn't say so, but lot of hard work had something to do with it, too.

Highest-ranking Latina
Ms. Lieblein, 51, started her career with GM in 1978 as a co-op student at the GM assembly plant in Los Angeles, where her father was an hourly employee. She transferred to Oldsmobile in Lansing, Mich., in 1980, and was named industrial engineer in 1984.

She holds a bachelor's degree in industrial engineering from Kettering University (the former General Motors Institute and GM Engineering and Management Institute) in Flint, Mich., and a master's degree in management from Michigan State University.

She was promoted to Sao Paolo in June 2011 from GM de Mexico, which she had led since December 2008.

"Grace Lieblein has done an outstanding job leading GM in Mexico, managing through an incredibly difficult period during the global economic crisis and driving the operations back toward profitability," Mark Reuss, GM vice president and president, North America, said in an April release announcing the appointment.

Like Mr. Reuss, Ms. Lieblein is a mechanical engineer by trade. The highest-ranking Latina at GM, she was the company's first Latina vehicle chief engineer and the first woman to serve as president and managing director at GM de Mexico.

She regularly picks up awards from industry magazines, the financial media, and alumni and professional associations. She's been recognized as one of the top women in world business, the second-most powerful female CEO in Latin America and one of the most important women in the auto industry.

HispanicBusiness magazine has had its eye on Ms. Lieblein for more than a decade now.

In addition to including her in this year's Corporate Elite 25, the magazine declared her one of the Top 50 Hispanic Businesswomen in the United States in 2007, the same year she was a finalist for Woman of the Year, and placed her among the magazine's 100 Influentials in 2009. Her string of recognitions with the magazine go back to 2001, when she ranked among the top 50 businesswomen in the United States.

Before the Mexico assignment, Ms. Lieblein served as GM's global vehicle chief engineer for front-wheel drive trucks. She led the team of engineers that created the 2008 Buick Enclave, marketed as the brand's first luxury crossover vehicle, along with the GMC Acadia, the Saturn Outlook and the Chevrolet Traverse.

Challenges and Opportunities
Ms. Lieblein faced challenges when she came to GM do Brasil, of course. She ticks them off: Learning the market quickly. Cost pressures in Brazil. Volatile market dynamics. Learning a new culture and language.

Plus, "it's hard to be so far away from family," she says. Her husband is with her in Brazil, but her daughter is at college in New York City.

On the other hand, there is "huge opportunity and potential in this market," she says. "It is the second-largest market for Chevrolet in the world, (and) one of the fastest-growing economies."

The two cars launched while she's been in the driver's seat, the Cruze and Cobalt, are both Chevys. "The Cobalt is a vehicle designed and engineered by the team in Brazil," she says. "We haven't announced the new products for next year yet."

There's also a lot to like about living in Brazil. "The food is excellent in Sao Paolo," she says. The company is located in the Sao Paolo suburb of Sao Caetano do Sul, which is "well above the country average for all standards," she says, citing the city's high marks for literacy, life expectancy and income.

"The ability to travel in Brazil and South America is great," she says, although traffic and the airports "are challenges here."

An 'Undersung Song'
A recent University of California, Davis, study found that if the proportion of women leading California's largest companies continues at its current pace, it will take more than a century for women to achieve parity with men.

The study also found that a third of California's largest companies have no women among their highest-paid executives or board members -- and that's in a state with a reputation, deserved or not, for micromanaging the playing field.

That doesn't reflect her experience at GM.

To backtrack a bit, " Diversity is a different thing when you go to other countries," she says. GM has women's affinity groups in Mexico and Brazil, "but 'diversity' is used a little bit differently, because in Mexico, you know, there are no Hispanics because everyone's Hispanic."

She says that gender, not race, is the prime differentiator in Latin America.

"Race is not an issue here. People don't say, 'Well, I'm black' or 'I'm white.'" They think of themselves as Brazilians first.

In the U.S., by contrast, "It's very, 'I'm Hispanic' or 'I'm African-American' or 'I'm Asian-American.' You don't see that, or at least I have not seen that, in Mexico or Brazil."

That said, Ms. Lieblein was involved with the GM women's and Hispanic affinity groups back in the States and "was also part of the diversity leadership team at a senior leader level." GM "has done a very good job of having diversity efforts not only at the recruiting level but also at the employee, grass-roots level," she says.

Her advice for women, and especially Latinas, is straightforward: "Understand the culture that you are working (in), and try to fit in while still keeping your uniqueness. Believe in yourself. Be clear about your priorities and what success really means to you."

She points out that on the team that developed the Chevy Traverse crossover SUV, the vehicle line executive, the vehicle line director and the chief engineer -- Ms. Lieblein herself -- were all women.

"GM has a track record of putting women and diverse people in key leadership jobs," she says. "I happen to be Hispanic as well, but I think that that is an undersung song for General Motors. As you look at the other automakers, that tells a story right there. Clearly, having diversity is not just a slogan or a program (at GM), but an integral part of our business."

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To: Paul Senior who wrote (121)2/16/2012 12:10:43 PM
From: elmatador   of 1297
 
Cosan and consolidation in ethanol sector in Brazil
Message 27953008
Message 27953033

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To: elmatador who wrote (796)2/16/2012 1:05:16 PM
From: architect*   of 1297
 
Is Cosan - CZZ a buy at $14.40? CZZ is approaching an all time high.

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To: Paul Senior who wrote (121)2/16/2012 2:17:12 PM
From: elmatador   of 1297
 
For those very positive on Brazil an interesting related play - Portugal Telecom (PT) at EUR 4.2 per share.
Message 27953047

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