Brazil’s Government Registers Lowest Q1 Revenues in Six Years

Brazil’s Government Registers Lowest Q1 Revenues in Six Years

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the reduction in production and consumption due to one of the worst economic crises Brazil has ever faced, federal revenues in the country during the first quarter of 2016 registered the lowest volumes of the past six years. According to Brazil’s Internal Revenue Service, […]

Brazil’s President Rousseff to Fight Impeachment to the End

Brazil’s President Rousseff to Fight Impeachment to the End

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A day after Brazil’s Chamber of Deputies voted to authorize the advancement of impeachment proceedings against her, President Dilma Rousseff vowed to continue to fight for what she called an injustice. President Rousseff reiterated that she did nothing wrong when she took out loans from […]

Brazil’s Lower House Authorizes Impeachment of President Rousseff

Brazil’s Lower House Authorizes Impeachment of President Rousseff

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – On Sunday night (April 17th) Brazil’s Lower House voted 367 to 137 to authorize the impeachment process to go on to the Senate. Although there were strong indications on Sunday morning that the government would lose, the pro-impeachment tally was much higher than expected. One […]

Economists Predict Impeachment Rally Likely to be Short-Lived

Economists Predict Impeachment Rally Likely to be Short-Lived

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The day after Brazil’s Chamber of Deputies authorized the continuation of the impeachment process of President Dilma Rousseff, by the country’s Senate, economic analysts try to forecast how the country’s economy will react to a possible impeachment. For Neil Shearing, Chief Emerging Markets Economist, at […]

Brazil’s Chamber Votes on Impeachment, Crowds Take to Streets

Brazil’s Chamber Votes on Impeachment, Crowds Take to Streets

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After almost 43 uninterrupted hours of debates representatives from Brazil’s Chamber of Deputies will vote this Sunday whether or not to authorize the impeachment process against President Dilma Rousseff to move ahead to a trial in the Senate. Millions of Brazilians are expected to flood […]

Brazil’s Lower House Starts Impeachment Debate

Brazil’s Lower House Starts Impeachment Debate

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Chamber of Deputies representatives in Brazil started to debate on Friday morning whether or not to impeach the country’s president, Dilma Rousseff, for the mismanagement of public funds. The debate is expected to last until Sunday afternoon, when the full House is expected to […]

State of Rio de Janeiro Unable to Pay Pension Checks

State 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 state retirees this month. Officials blame the sharp decline in tax revenues and the decrease of oil prices in the […]

President Rousseff Loses More Allies in Brazil, Decries Coup

President Rousseff Loses More Allies in Brazil, Decries Coup

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Just five days away from another milestone that could lead to the end of her presidency, Brazil’s Dilma Rousseff received another blow in her struggle to remain in office. Two of her most important allies, the PP and PRB parties announced on Tuesday they were […]

President Rousseff is Closer to Being Impeached in Brazil

President Rousseff is Closer to Being Impeached in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The threat of impeachment loomed closer to Brazil’s President Dilma Rousseff on Monday, as a special commission of the country’s lower house voted to approve a report recommending the ousting of the nation’s leader. The commission voted 38 to 27 to recommend impeachment proceedings be […]

Inflation Forecasts for 2016 Continue to Ease in Brazil

Inflation Forecasts for 2016 Continue to Ease in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Financial institutions have lowered for the fifth consecutive week their forecast for inflation in 2016, according to the weekly Central Bank Focus Survey. The survey, however, also showed the expectation of further decrease in the country’s annual GDP growth. According to the Focus Survey, which […]

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