Halifax housing market stays strong
The flurry of sales activity that followed the billion-dollar shipbuilding announcement may be cooling off, but Halifax’s housing market remains strong. A new report by the Canada Mortgage and Housing Corp. says positive economic activity, a growing population and low interest rates will lead to solid housing demand throughout 2012. “Increases in economic growth and employment, along with positive migration …
Read MoreWhere the jobs are: Brazil
Looking for a job? Try moving to Brazil. Just ten years ago, Brazilian professionals were fleeing the country in search of better jobs and higher pay elsewhere. But these days, white-collar workers from around the globe are pouring into Brazil to find work. In 2011, the number of legal foreign workers jumped 57% to 1.51 million, according to the Justice …
Read MoreBrazil: Domestic Flights at Record High
Demand for flights in Brazil rose 5.3 percent in April compared to the same month last year, according to results released by the country’s National Aviation Agency (ANAC). Airlines have more than matched the increased demand, however, with the number of available seats jumping 7.3 percent compared to April 2011. Both the demand and the number of available seats have …
Read MoreSiemens investing $1 bn in Brazil
Siemens said it plans to invest up to $1 billion to expand its presence in Brazil, the company said in a statement. Company officials expect the investment will double revenues in five years. Last year, Siemens recorded $2.8 billion in revenue from its operations in Brazil. Siemens said it plans to establish a new Research and Development Center in Rio …
Read MoreRepsol Sees 1.25 Billion Barrels of Oil in Brazil Ocean Area
Repsol YPF SA (REP) said an area off the coast of Brazil it’s exploring with partner China Petroleum (386) and Chemical Corp. contains the equivalent of at least 1.25 billion barrels of oil. The BM-C-33 block of the Campos Basin, where the Repsol Sinopec venture has already drilled three wells, contains at least 700 million barrels of light crude and …
Read MoreUS President regards recent trip to Brazil as a “Historic Opportunity”
US President Barack Obama recently concluded a 5 day trip to Latin America aimed at building markets for US exports and extending US influence. Mr Obama commenced the trip hoping to bolster ties with new Brazilian President Dilma Rousseff. ‘Historic opportunity’ In a joint news conference, both leaders flagged up Brazil’s rising economic power. And Ms Rousseff promised that there …
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