Wealthy Businessman Leads Mayoral Race in São Paulo

Wealthy Businessman Leads Mayoral Race in São Paulo

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – More than 8.8 million residents of São Paulo city will go to the polls on Sunday, October 2nd, to choose the city’s new mayor and 55 council representatives. While three of the candidates seeking the city’s top post have already held the position, the candidate […]

Multinational Oil Giant Shell Pledges Investments in Brazil

Multinational Oil Giant Shell Pledges Investments in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Reiterating that there is a favorable investment climate in Brazil, the president of petroleum giant Royal Dutch Shell, Ben Van Beurden, told Brazil’s President Michel Temer of the company’s interest in maintaining and increasing investments in the country. “We have plans for a future together. […]

Five Candidates Tied for 2nd Place in Rio’s Mayoral Race

Five Candidates Tied for 2nd Place in Rio’s Mayoral Race

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Over 4.8 million residents of Rio de Janeiro are expected to choose between eleven candidates who will be their next mayor. As the October 2nd election day nears five candidates are technically tied for second place with analysts not venturing to guess who will […]

Brazil Increases Inflation Forecast for 2016 to 7.3 Percent

Brazil Increases Inflation Forecast for 2016 to 7.3 Percent

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank increased its forecast of annual inflation for this year, from a 6.9 percent forecast in June to 7.3 percent. The increase in inflation forecast is in the Quarterly Inflation Report, released on Tuesday (September 27th) in Brasilia. This latest forecast, however, calls […]

Former Chief of Staff Arrested in Bribery Scandal in Brazil

Former Chief of Staff Arrested in Bribery Scandal in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Finance Minister under Luiz Inacio Lula da Silva’s administration, and former president Dilma Rousseff’s Chief of Staff Antonio Palocci, was arrested today by federal police in connection with the Lava Jato (Car Wash) investigations. According to officials, there is evidence that Palocci acted as […]

Brazil’s Petrobras To Sell Gas Pipeline For US$5.19 Billion

Brazil’s Petrobras To Sell Gas Pipeline For US$5.19 Billion

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian oil giant Petrobras announced on Friday that its Board of Directors have approved the sale of ninety percent of Nova Transportadora do Sudeste (NTS) pipeline to a consortium led by Brookfield for US$5.19 billion. “This transaction is significant for the Petrobras Divestment Plan,” stated […]

Brazilian Government Announces New Education Model

Brazilian Government Announces New Education Model

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The signing of a new educational model for Brazilian high school public schools has received both strong criticism and praise. The new model signed by Brazilian President Michel Temer on Thursday calls for the doing away with most mandatory subjects, with the objective of making […]

Brazil’s Industrial Sector Has Optimistic Outlook for Future

Brazil’s Industrial Sector Has Optimistic Outlook for Future

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After 21 months of decline, Brazilian industrial production has finally stopped falling, according to the monthly survey conducted by the National Confederation of Industry (CNI) to measure industrial intentions. Data from CNI shows a more optimistic outlook for industry with the production index at 50.8 […]

Brazil’s Ex-Finance Minister Arrested in Lava Jato Probe

Brazil’s Ex-Finance Minister Arrested in Lava Jato Probe

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – On Thursday morning (September 22nd), the 34th phase of the Lava Jato (Car Wash) investigation was put into action, with 180 police officers handing out 33 search warrants and eight arrest warrants in five states, including one for former Finance Minister, Guido Mantega. “At this […]

Bank Workers in Brazil Enter 16th Day of Strike

Bank Workers in Brazil Enter 16th Day of Strike

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A nationwide bank strike in Brazil entered its sixteenth day on Thursday, with no end to the negotiations in sight. With almost 14,000 branches and forty administrative centers closed, strikers are determined to hold out for their demands, leaving the population to conduct their financial […]

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