Brazil’s CB Freezes R$47 Million in Assets from Lava Jato Scheme

Brazil’s CB Freezes R$47 Million in Assets from Lava Jato Scheme

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank of Brazil announced Thursday, November 20th, it has frozen more than R$47 million in assets from individuals and companies arrested last week in the Lava Jato (Carwash) money-laundering scheme involving Brazil’s oil giant, Petrobras. The measure had been requested by Federal Judge […]

Dia da Consciência Negra: Black Awareness Day in Brazil

Dia da Consciência Negra: Black Awareness Day in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – On Thursday, November 20th, Brazil celebrates Consciência Negra (Black Awareness Day) with a little over 18.8 percent of Brazilian municipalities observing it as a holiday. It is, according to analysts it is not a day to celebrate but rather reflect on the social and political […]

Brazil’s Unemployment Rate Falls Again in October

Brazil’s Unemployment Rate Falls Again in October

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil registered an unemployment rate of 4.7 percent last month, the lowest rate for the month of October since the start of the series, in March of 2002, according to the IBGE (Brazilian Institute of Geography and Statistics). October’s results were 0.2 percent lower than […]

Scandal Oveshadows Petrobras Record Production Results

Scandal Oveshadows Petrobras Record Production Results

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – What started out as a scheduled meeting by Petrobras officials to announce the company’s quarterly operational results turned into a teleconference to discuss the worst scandal ever faced by the oil giant and its impacts on the company and the market. Instead of talking about […]

Rio to Implement Policies to Decrease Thefts on Beaches

Rio to Implement Policies to Decrease Thefts on Beaches

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – With summer season just around the corner and forecasts of hundreds of thousands of tourists flooding into Rio de Janeiro, city officials are preparing public policies geared towards homeless or low-income youths with the hopes of decreasing mass robberies known locally as “arrastões” (big […]

Brazil Arrests Another 36 in Money-Laundering Operation

Brazil Arrests Another 36 in Money-Laundering Operation

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s federal police started Friday morning (November 14th) enforcing 36 arrest warrants and 49 search and seizure orders in the cities of Paraná, São Paulo, Rio de Janeiro, Minas Gerais, Pernambuco, and Brasilia, as part of the on-going investigations into a multi-million reais money-laundering scheme […]

Officials in Brazil Ask SBM For Help in Bribery Investigation

Officials in Brazil Ask SBM For Help in Bribery Investigation

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Corregedoria Geral da União – CGU, (Comptroller General’s Office), filed an inquiry against Netherland’s SBM Offshore NV for bribery allegations, but hopes the company will help the South American country in its investigation involving its oil giant, Petrobras. “Based on results of the partial […]

Cabinet Ministers Resign in Brazil Ahead of Second Term

Cabinet Ministers Resign in Brazil Ahead of Second Term

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – At least ten of Brazil’s 39 cabinet members resigned on Tuesday, including the country’s Chief of Staff, Aloisio Mercadante, and Justice Minister, Jose Eduardo Cardozo. According to Mercadante the move is an attempt to give President Dilma Rousseff total freedom to renew her entire cabinet […]

New Zealand Murderer Phillip John Smith Arrested in Rio

New Zealand Murderer Phillip John Smith Arrested in Rio

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Yesterday afternoon (November 12th) Brazilian federal police officers arrested Phillip John Smith in Rio de Janeiro. Smith, a New Zealand native, is a convicted child molester and murderer who fled his country on November 6th after being granted a temporary leave from prison. Smith, who […]

Brazil to Register Record Grain Production Year Despite Drought

Brazil to Register Record Grain Production Year Despite Drought

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil should register a record crop harvest in 2015, according to the IBGE (Brazilian Statistics Bureau), despite the severe drought faced by the Southeastern region of the country this year. The first estimate released on Tuesday by the IBGE for 2015 calls for a harvest […]

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