Wednesday, March 02, 2011

EconomicsBrazil: 2 top companies: Profits up in booming economy amidst woeful poverty

Brazil companies Petrobras and Vale post record profits

BBC News (25 February 2011 Last updated at 19:01 ET)

s and Vale 

Brazil's two biggest companies have posted record profits for 2010, in the latest sign of the South American nation's growing economic might.
The oil giant Petrobras - which is partly state-owned - made $20bn (£12.4bn).
The mining company Vale made $17.3bn (£10.7bn), more than tripling its profits of the year before.
The two Brazilian companies have benefited from high global prices and rising demand for oil and iron ore.
Aerial view of the construction of a Petrobras oil platform in Angra dos Reis.
Brazil's oil and mining giants are bent on further expansion

No comments: