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Brazil moves up in business rankings

Date added: 12th September, 2008 at 10:34
(view all articles from September, 2008)

Categories: Economy

Property investors should be finding it easier to do business in Brazil this year than they have in the past, a new study has suggested.

The South American country has improved its standing in the World Bank's list of the easiest places to trade and operate.

In reporting the news, the Wall Street Journal referred to Brazil as one of "the four big developing-market investment magnets".

This follows the news that share prices in BG Group rose yesterday (September 11th) after it was revealed by Brazilian state-owned company Petrobras - one of its partners - that there could be as much as four billion recoverable barrels worth of oil and gas in the Iara oil field.

A 4.4 per cent increase in the firm's share values was recorded, bucking the general trend of FTSE 100 companies, with the index closing down by 47.8 points overall.

Independent Television News referred to the increase as "a big gain".ADNFCR-1477-ID-18776768-ADNFCR

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