Americas: Brazil Dips, Canada Slips

Slumping stock markets take their toll on an otherwise growing region

Published: Jun 5, 2012 06:42:13 AM IST
Updated: Jun 1, 2012 05:22:40 PM IST

Americas: Brazil Dips, Canada Slips
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.

Americas: Brazil Dips, Canada Slips
Americas: Brazil Dips, Canada Slips

North of the Border
South of the Border

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.

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(This story appears in the 08 June, 2012 issue of Forbes India. To visit our Archives, click here.)

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