Petrobras Executive Refuses to Testify Before Congress: Daily

Petrobras Executive Refuses to Testify Before Congress: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Petrobras director, Paulo Roberto Costa, sat for almost three hours in front of a Congressional Committee created to investigate corruption allegations within the state-controlled petroleum giant and said nothing. “I have nothing to declare,” said Costa over eighteen times to Senators and Chamber Representatives […]

Ficha Limpa Law Forces Candidates to Withdraw

Ficha Limpa Law Forces Candidates to Withdraw

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With less than three weeks to go before general elections in Brazil, gubernatorial candidates of three states announced they would withdraw their names from the ballots: a direct result of the Ficha Limpa law (Clean Record Law), say analysts. During the weekend, in a 24-hour […]

Wind Power to Increase as Energy Player in Brazil

Wind Power to Increase as Energy Player in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Due to the surge in industrial activity in the last few decades, Brazil has began to worry about its current energy sources and has started to invest in new, complementary sources to meet its energy needs. One of the most promising sectors, wind power, is […]

Eike Batista Accused of Insider Trading in Brazil: Daily

Eike Batista Accused of Insider Trading in Brazil: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Once one of Brazil’s richest man, Eike Batista, has been accused of insider trading, a crime punishable with up to thirteen years in jail if found guilty, according to the federal prosecutor’s office in Rio de Janeiro. Brazil’s Ministério Publico (Federal Prosecutor’s Office) filed a […]

Petrobras Kickback Scandal Shakes Up Presidential Race

Petrobras Kickback Scandal Shakes Up Presidential Race

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With less than a month to go before Brazil’s Presidential elections, illegal kickback accusations made by a former Petrobras director, Paulo Roberto Costa, are shaking up the presidential race. Reportedly, Costa mentions more than thirty names, including politicians, congressmen, governors and state ministers, who he […]

Study Finds Brazil Lost US$400 Billion to Fraud

Study Finds Brazil Lost US$400 Billion to Fraud

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Illegal outflows from Brazil for the past fifty years have sapped hundreds of billions of dollars from the Brazilian economy, says a new study released this week by Washington DC-based non-profit research company Global Financial Integrity (GFI). The report, which was funded by a grant […]

Inflation Increases in August Due to Air Travel, Housing: Daily

Inflation Increases in August Due to Air Travel, Housing: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The inflation rate in Brazil, according to the IBGE (Brazilian Statistics Bureau) rose again in August, after registering its lowest rate in almost four years in July. The IPCA (Consumer Price Index) registered an increase from 0.1 percent in July to 0.25 percent in August. […]

Rousseff and Silva Tied for Presidential Elections: Daily

Rousseff and Silva Tied for Presidential Elections: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The results of two opinion polls released on Wednesday show that President Dilma Rousseff and presidential candidate Marina Silva are technically tied in first place for October’s Presidential Elections. The latest poll released by IBOPE shows President Rousseff of the PT (Workers Party) with 37 […]

Marina Silva Candidacy Shakes Up Brazil Presidential Elections

Marina Silva Candidacy Shakes Up Brazil Presidential Elections

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The untimely death last week of presidential hopeful, Eduardo Campos, from the PSB (Socialist Party) has shaken up this year’s presidential election just seven weeks before the first round of voting – scheduled for October 5th. The replacement of Campos by his running mate, Marina […]

2014 Oil & Gas Expo to Discuss Strategies and Development

2014 Oil & Gas Expo to Discuss Strategies and Development

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil is the tenth largest producer of energy in the world with more than half (55 percent) of its energy source coming from oil and other liquid fuels and natural gas. In September hundreds of energy experts are expected to gather in Rio de Janeiro […]

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