By Lucy Jordan, Senior Contributing Reporter BRASÍLIA, BRAZIL – Retail sales in Brazil have seen their first annual drop in almost a decade, prompting debate about whether Brazil’s consumer boom – the engine behind its economic growth for the past ten years – is finally coming to a halt. Retail sales contracted by 0.2 percent [...]
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – The oil and gas industry is an ever-rising sector in Latin America and of great importance to the countries’ economies. It is therefore with anticipation that the 19th Latin America Upstream Conference and the ninth Latin Petroleum Strategy Briefing will be held in Rio de [...]
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – An investigation has found that some of Brazil’s port terminals are still not operating twenty-four hours a day, despite the introduction of the Porto 24 horas (24-Hour Port) program nearly a month ago, aimed at improving the ports’ efficiency. According to the report by O Globo [...]
By Anna Kaiser, Contributing Reporter RIO DE JANEIRO, BRAZIL – The bid for the private ownership of the Maracanã football (soccer) stadium for the next 35 years appeared to have been settled Thursday, May 9th. Yet after public outcry, a court order injunction prevented the state government from concluding the contract until the merits of [...]
By Fiona Hurrell, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – They may have dropped a place or two since last year but once again, Brazil’s two major cities, São Paulo and Rio de Janeiro, feature amongst the top fifteen most expensive cities in the world, according to Mercer’s annual 2012 report. In contrast, the [...]
By Chesney Hearst, Contributing Reporter RIO DE JANEIRO, BRAZIL – On Thursday, May 2nd the Agência Nacional de Telecomunicações (National Telecommunications Agency, ANATEL) issued fines of over R$9.5 million to telecommunications provider TIM. The company reportedly interrupted and dropped numerous cellular calls, disrupting services for users of its prepaid Infinity plans. ANATEL issued a statement [...]
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Sales of Brazilian-made firearms to the U.S. increased 187.5 percent while former President Luiz Inácio Lula da Silva was in office, compared to the same eight-year period of his predecessor. The U.S. purchased nearly 7.9 million, or eighty percent, of the 9.9 million exported [...]
By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian state-controlled oil and gas giant Petrobras has said it will keep its promise to invest R$97.7 billion (US$48 billion) in petroleum and natural gas exploration and production in the country this year, affirmed its financial director, Almir Barbassa, at the company’s first trimester [...]
By Fiona Hurrell, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Conde Nast have called him the “fabulous fixer”, and it certainly seems as though anything is possible in Rio with the help of British entrepreneur Andrew Harding. Whether it is a once in a lifetime vacation, an important corporate event or a permanent move, [...]
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Data compiled by the U.S. Department of Agriculture shows that Brazil was once again the world’s biggest exporter of meat in 2012, after coming second to Australia in 2011. However, as BBC Brasil reports, Brazil may not hold the position long, as India’s meat [...]
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