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 For the first time in three years, this Monday, October 27, Brazil's stock exchange, the Bovespa, closed below 30,000 points. This after a day that saw shares tumbling another 6.5% following four consecutive days of decline. In the last five days of operation alone, the Ibovespa, Bovespa's main index, lost over 25%.
The final number was 29.435 points. 3.08 billion reais (US$ 1.37 billion) were traded during Monday's session, a sign of market weakness and another showing of foreign investors flight. The Bovespa was trading double this amount in the first half of the year.
On the other hand, the dollar, which was moving up fast in recent weeks lost 3.14% of its value, closing at 2.255 reais per dollar. Thanks in part to an intervention in the greenback market by Brazil's Central Bank. The BC sold US$ 1,25 billion in US currency plus US$ 815 million in traditional swap exchange contracts.
Brazilian investors were again scared by signs of recession in Europe and the US. Blue chips Petrobras, the state-controlled oil multinational, and mining company Vale suffered the impact of the commodities market drop overseas. Due to oil prices reduction in the world market Petrobras sank over 11%. Vale had losses totaling 8%.
Since the beginning of the year the Bovespa's accumulated losses total 54%. When you compare to the Ibovespa's peak, on May 20, when shares shot up to 73,516 points, the tumble is 59.96.
It was reported Monday that Bradesco and Itaú banks had profits of 1.9 billion reais (US$ 843 million) and 1.8 billion reais (US$ 799 million), respectively, in the third quarter. According to Economática, a consultancy firm, these numbers represent the third and fourth best quarterly profits in the history of Brazilian banks.
News of good performance by the largest Brazilian banks was not enough to wipe out the feeling of doom. While Itaú shares were stable, those from Bradesco fell steeply.
The Central Bank, this Monday, also changed the rule of compulsory cash reserves in order to inject up to 6 billion reais (US$ 2.66 billion) in the Brazilian economy. The goal is to encourage banks to offer more credit to customers and other financial institutions.
Since the government announced, last week, a temporary measure allowing state banks Banco do Brasil and Caixa Econômica Federal to take over financial institutions in trouble the market was afraid that the authorities knew something bad that nobody else knew. Experts now seem more inclined to believe that the Lula administration act was only a preventive measure.
Gathered in Brazilian capital Brasília, Economy ministers and Central Banks presidents from 12 South American countries agreed to take joint action to fight the international crisis.
For Celso Amorim, the Brazilian minister of Foreign Relations, the best way to deal with the meltdown is "to strengthen the integration patrimony" instead of adopting measures that bar the entry of foreign products. "The answer to the crisis is not protectionism, most especially within the Mercosur. The most suitable measures would be, more integration, more intra-regional trade, less subsidy and less distortion," he emphasized.
The South American representatives decided to intensify the exchange of information and to promote quicker communication between top executives to oversee the unfolding of the crisis. Each one of those involved agreed to define priority points that might be useful as basis for possible action.
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The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area. 
The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy. 
On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil. 
Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms. 
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A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17. Three policemen died and another two were injured. This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.
He even put in writing that no one was better than him !
May be Robin the Crook disagrees !
Because "modestly" Robin the Crook said "no one could have done a better job than me....except God"
smiles
About Ricardo clever ideas and analysis as to why China should have invested US$200 B. in Brazil....at the TOP, I can only agree
with him it is "even" better...NOW !!!!
Even my 7 years old niece would agree and understand !
Laugh....laugh....laugh...laugh...laugh.
Then why not China invest in Brazil by taking over Petrobras and Cia Vale ??????
Ohhhhhhhh....this was not in Ricardo THE junkie scenario ?
I bet it is not even the view of Robin the Crook and his gang ! Right ?
And where else should China invest that money in Brazil, when on the other side Brazil restricts so much China exports to...BRAZIL ????
Ohhhhhhh you dont want CHEAPER Chinese cars, Chinese tractors, Chinese steels (made of Brazilian iron ore - smiles), Chinese underwears, socks,pants, shirts, T-shirts, Chinese toys, etc etc..THAN THE ONES BRAZIL MAKES ?
But only the cash to do what you want....without reciprocity as usual ?????????
Only an idiot could have such an analysis !!!!!!!!!!
And you really expect that China will even accept a trade deficit with Brazil, after they eventually would invest US$ 20 B. in Brazil let alone US$ 200 B. ????????
Only a double idiot could have such an analysis !!!!!!!