Brazil has been a bright spot in the global economy in recent years. But things are starting to slow down — so today, the government is launching a stimulus package of sorts.
With consumer demand still sluggish in the U.S. and Europe, China is looking elsewhere for new customers to places like Brazil. In fact, this week China and Brazil agreed to a landmark deal that avoids using the U.S. dollar.
Despite global economic woes and nervous markets, FedEx announced today that it will purchase the Brazilian shipper Rapidao Cometa Logistica e Transportes for $6.8 billion.
The wholesale price of orange juice hit a 34-year high on news the FDA is testing for an illegal fungicide reportedly found in the juice of oranges imported from Brazil.
While the global economic crisis has punished developed countries, many in the developing world have gained from capital searching for a higher returns.
