Americas: Brazil Dips, Canada Slips

Slumping stock markets take their toll on an otherwise growing region

By
Scott Decarlo
Last Updated: Jun 05, 2012, 06:42 IST1 min
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There are 12 fewer firms from the Americas on The Global 2000 list this year as the region struggled with weak profit growth (4 percent) and a drop in market value (–5 percent). Overall sales by 145 companies in the Americas, which had the second-best performance behind Asia-Pacific, were up 10 percent, to $1.9 trillion. Canada and Brazil make up three-fourths of the region and are home to the biggest firms from this region, but slumping stock markets in each country resulted in a combined loss of five firms. Brazil did add the biggest newcomer this year, Itaú Unibanco, the largest Brazilian bank on our list, thanks to a change in accounting rules. The biggest company from this region outside of Brazil and Canada is América Móvil of Mexico, controlled by Carlos Slim.

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After two consecutive years of expanding their presence on our list, Brazilian and Canadian firms took a haircut this year, losing a combined five members. While posting gains in overall sales, profits and assets, these companies took a hit in market value. Canada is down 10 percent and Brazil 5 percent from a year ago. The combined 99 companies on the list employ 2.9 million people.

First Published: Jun 05, 2012, 06:42

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Scott Decarlo
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