The Real is Top Performer
By Jaylan Boyle, Contributing Reporter RIO DE JANEIRO – The Brazilian Real finished the last quarter as the second best performer among the 16 most-traded currencies worldwide, just behind the South...
View ArticleBrazil’s Economic Health in Check
By Bruno De Nicola, Contributing Reporter RIO DE JANEIRO – Brazil’s Finance Minister, Guido Mantega, announced Brazil’s fall into recession just last month, yet the foreign press continues to expound...
View ArticleBrazil Exits Recession
By Jaylan Boyle, Contributing Reporter RIO DE JANEIRO – Last week respected financial organizations such as the Financial Times and Forbes were prepared to call the recession in Brazil a thing of the...
View ArticleThe Real Falls Against Strengthening Dollar
By Anna Fitzpatrick, Contributing Reporter SÃO PAULO, BRAZIL – The volatility of global markets stands to have ramifications the world over, and despite the recent boom in Brazil, many speculate...
View ArticleVideoAtaq Performances in Botafogo: Daily
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – During a deluxe edition of the audiovisual arts event, VideoAtaq, members of Az0ia Labs art collective and the musicians of...
View ArticleBrazil Goes into Recession After Two Quarter Slide
By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian GDP, the largest economy in Latin America, fell by 0.6 percent in the second quarter ending in June, worse than analysts had...
View ArticleBrazil’s Inflation Forecast for 2015 Increased Once More
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The forecast for the inflation in Brazil for 2015 has been increased again after data for June and July were registered by the...
View ArticleRecession in Brazil Might Continue Until 2016
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Analysts of the Brazilian economy have changed their forecast for 2016 for the first time to negative, assuming a contraction...
View ArticleState of Rio de Janeiro Unable to Pay Pension Checks
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The government of Rio de Janeiro announced on Wednesday that due to cash flow problems it would not be able to pay over 137,000...
View ArticleNumber of Defaulting Companies in Brazil Increased 11 Percent
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – After Brazil suffered its worst GDP decline in over 25 years, an increasing number of businesses are now starting to default on their...
View ArticleCongress in Brazil Expected to Approve New Primary Deficit
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The interim government of Brazil estimates that the primary budget deficit will reach R$170.5 billion in 2016, approximately 2.5 percent...
View ArticleOECD Report Reveals Recession in Brazil May Extend Until 2017
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although the latest economic data released in Brazil this week showed some easing of the economic turmoil faced by the country, a report...
View ArticleRecord Number of Brazilian Firms File for Judicial Recovery
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In the first five months of this year judicial recovery requests in Brazil increased by 95 percent in comparison to the same period last...
View ArticleBrazil’s Retail Sales Register Worst Semester in 14 Years
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Retail sales in Brazil registered a decline of 8.3 percent in the first semester of 2016 in comparison to the same period last year,...
View ArticleRio’s Olympics Expected to Run 43 Percent Over Budget
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After years of planning and implementing new infrastructure works, Rio de Janeiro will host the 2016 Olympics and Paralympic Games. The...
View ArticleRisk Agency Sees Economic Improvement in Brazil in 2016
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although Brazil’s economy will still register a contraction this year, the decline will be lower than expected, according to risk agency...
View ArticleBrazil’s Government Has Worst August Revenues in 7 Years
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s federal government obtained R$91.8 billion in taxes and contributions in August 2016, more than 10.1 percent less than during...
View ArticleIMF Says Brazil Poised to Emerge from Deep Recession
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – On Tuesday, November 15th, the International Monetary Fund’s (IMF) executive board released its annual report indicating that Brazil is...
View ArticleBrazil’s Central Bank Reduces Benchmark Interest Rates
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In a unanimous decision, Brazilian Central Bank’s Monetary Policy Committee (Copom) announced Wednesday, November 30th, it was reducing...
View ArticleNumber of Foreigners Seeking Work Visas in Brazil Fell in 2015
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Authorization of work visas for foreigners in Brazil fell by 21.12 percent according to a survey based on the last available data...
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