On Vale in China:
- The Chinese steel company Hebei Iron and Steel Group has made a request to the Chinese Trade Department that Vale limit its distribution operations in some parts of the Chinese territory. No good for Vale.
On Brazilian Equity Firms:
- Buyout firms are poised to spend $9 billion in Brazil on everything from infrastructure to oil exploration as the economy recovers from a recession.
- Renova Energia SA, a Brazilian renewable energy company, said it may raise as much as 867.9 million reais ($480 million) in an IPO.
On Brazil’s Trade Surplus:
- Brazil posted a $394 million trade surplus last month after a deficit in January as exports rose more than imports. This is good as it means that we’re selling more than we’re buying.