By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A report by the Economist Intelligence Unit says that Brazil is among the worst at coping with the language barrier of the English-speaking world of business, and that deals are being hindered because of it. Experts are warning that, with increased international interest in businesses based [...]
By Fiona Hurrell, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – In spite of social and economic distance, an exciting new relationship has emerged, linking a class of schoolboys from the Richard Hale School in Hertfordshire, England, to a group of children at the Casa Jovem adolescent facility in Rocinha, considered Rio’s largest favela community. [...]
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil’s finance minister, Guido Mantega, reiterated his opinion Monday that the appreciating U.S. dollar will increase the competitiveness of Brazilian industry. Speaking at the finance ministry, Mantega said that the current exchange rate, just under US$1 to R$2, allowed local products to remain cheaper than [...]
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - MMX, the mining part of the industrial conglomerate EBX owned by Brazil’s richest man, Eike Batista, is entering the final phase of construction of its iron ore export port in Itaguai, on the Sepetiba bay in the state of Rio de Janeiro, 75 km southwest [...]
By Ségolène Poirier, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Senate committee that is drafting the text of the new Criminal Code approved, on Friday, a proposal which allows that companies involved in corruption against the government be held criminally liable. Currently, only the individuals involved in the company’s wrongdoing are punished criminally, leaving [...]
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has made changes to the way in which the annual rate of interest is calculated on new deposits to the country’s national savings program. Analysts are explaining the move as a way for Brazil to reduce its benchmark interest rate, the [...]
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Having replaced two executives at the end of April, there are rumors of more to come, as Petrobras´ CEO, Maria das Gracas Foster, begins to oversee changes at the top of Brazil’s state-run energy giant after taking control in February. Refining chief, Paulo Roberto Costa, [...]
By Nathan M. Walters, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Economist, a weekly English-language publication is also responsible for organizing a series of conferences that take the ideas from the magazine and discuss them in the flesh. “The Ideas Economy” is a series of events organized by the publication throughout the world [...]
Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Thirteen of the most basic household items that form up a Brazilian’s diet went up in price in fifteen of Brazil’s seventeen state capitals in April, according to a report by the Department of Statistics and Socioeconomic Studies (Dieese). These items form part of the consumer [...]
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil received a record number of foreign tourists in 2011, according to figures released by the Ministry of Tourism. The number of foreigners increased 5.3 percent to over 5.43 million, beating the previous record of 5.36 million visitors from overseas, set in 2005. The [...]
Recent Comments