Word: companhia
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...return for help of this kind, Brasilia demanded only one thing: a monopoly on buying up the treasure of Serra Pelada. The state mining company, Companhia Vale do Rio, opened an office at the site, and miners began to line up to weigh in and sell their gold at prices that stand at about 30% below the international peg. (The largest daily intake by the Serra Pelada so far is close to 327 lbs.) At first, many of the miners would accept only cash; it took officials some time to persuade the garimpeiros to take federally endorsed checks...
...company is more than 100 years old, and we have worked under regimes different from the previous one," said Jorge de Mello, co-owner of the Companhia União Fabril conglomerate and Portugal's leading industrialist. "I am confident that we can meet the challenge of adapting to new conditions. After all, private businesses flourish under socialism in Scandinavia, Britain, and Holland, don't they...
Brazil's recent practice of expropriating U.S. companies was proving both expensive and risky. In February 1962, the state government in Rio Grande do Sul expropriated Companhia Telefônica Nacional, an International Telephone and Telegraph subsidiary. Five months later, the governor of Pernambuco took over a subsidiary of American & Foreign Power Co., Pernambuco Tramways and Power Co. In both cases, the companies received little or no payment, while the companies' legal protests ground their way through Brazil's agonizingly slow courts-years and perhaps decades away from firm settlement. Last week, suddenly, both companies were near...
Sign of the Cross. Eight months after his inauguration, Congress passed a law setting up the Companhia Urbanizadora da Nova Capital do Brasil (Novacap) to build the city. Says Kubitschek: "Nobody thought I could or would do it." Kubitschek could. And Brazil's great architects caught his enthusiasm...
...Communists. Peking maintains an official purchasing agency in Macao called the Nan Kwong Trading Corp. Smugglers get an order from Nan Kwong, then wangle a Macao government import permit, place their order somewhere in Western Europe, and wait for the ships of the Portuguese-owned Companhia National de Navegaçáo to arrive. When the smuggler delivers the goods, profits are enormous...