Brazil has overtaken the United States as the finer place to invest, according to a new survey http: / / www. bloomberg. com / information / 2010 - 09 - 21 / u - s - loses - no - 1 - to - brazil - china - india - market - in - global - poll - on - investing. html by Bloomberg.
A poll of around 1400 investors, analysts and traders rated Brazil and China joint first for embryonic returns over the next year ahead of India in interrogatory and the US in fourth. The US had held the top spot in the previous survey three months ago.
Last week Brazils state - owned oil giant Petrobras, Latin Americas largest company by revenues and profits, made world history when it raised 44 billion in a share sale.
Petrobrass market value of 135 billion ranks only behind Exxon Mobil Corp., Apple Inc. and PetroChina Co. and puts it ahead of companies like Microsoft Corp. and Wal - Mart Stores Inc.
Meanwhile, the countrys BM&F BOVESPA stock exchange has become the second largest http: / / www. bmfbovespa. com. br / en - us / News / 2010 / BMFBOVESPA - celebrates - with - Petrobras - the - largest - share - offering - in - history - 2010 - 09 - 24. aspx? tipoNoticia=1&idioma=en - us in the world. Its market value of 11 billion is 25 per cent higher than the New York, London and Nasdaq Exchanges combined.
Another recent report http: / / www. unctad. org / en / docs / diaeia20104_en. pdf from the United Nations Conference on Trade and Development ( UNCTAD ) has ranked Brazil third in terms of direct foreign investment plans for the next two years. It was placed behind China and India but ahead of the previous number two, the US.
Brazils economy is set to grow by more than seven percent this year, according to government officials and private sector economists. That will further cement Brazil as the regions top economy and one of the 10 largest in the world. As recently as six years ago, Brazils economy ranked second in Latin America after Mexico.
All this means there has never been a better time to Invest in Brazil http: / / www. globalforestryinvestments. com /
