By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has an announced an aggressive program of budget cuts totaling R$55 billion for 2012. The aim is to allow inflation to fall and to boost growth at a time of global economic slowdown, as the Minister for Planning, Miriam [...]
By Laura Madden, Contributing Reporter RIO DE JANEIRO, BRAZIL – On the same day as the new Petrobrás CEO, Maria das Graças Foster, was sworn in, the company reported a leak off the coast of Rio de Janeiro state, in the Campos basin’s Barracuda field. Described as its second leak of the year some 59 [...]
By Nathan M. Walters, Contributing Reporter RIO DE JANEIRO, BRAZIL – If not for the snow in Chicago, the city of Rio may not have been graced with the delicious authentic Mexican food now being served at Azteka in Ipanema. Because of the wintery weather in North America, Aglika Angelova and her husband Miguel Campos [...]
By Marcelo Ribeiro, ADvent Group RIO DE JANEIRO, BRAZIL – MBA EXCLUSIVE: The ACCESS MBA One-to-One Tour is coming to the Golden Tulip Ipanema hotel in Rio de Janeiro on March 8th. As the recruitment sector and financial markets become increasingly globalized, interest in Management Studies is at an all-time high. And the MBA degree [...]
By Howard Borsden, Financial Advisor RIO DE JANEIRO, BRAZIL – In recent years, the Brazilian government has used a bitter antidote to ease an inflation rate that has been for many years a burden to the country: high interest rates. With nominal interest rates estimated at 10.5 percent for 2012, Brazil is now the world [...]
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government’s civil aviation agency (ANAC) received R$24.5 billion last Wednesday following the auction of concessions for three of the country’s biggest airports. The final value surprised economists by going almost five times higher than the minimum price of R$5.5 billion [...]
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – With 2012 Carnival just days away, Rio is awash with tourists, arriving to experience what is widely deemed the greatest street party on earth. The city is full of adventuring travelers skimming their guidebooks and scratching their heads, but among the ubiquitous sound of English, [...]
By Laura Madden, Contributing Reporter RIO DE JANEIRO, BRAZIL – New Petrobrás CEO Maria das Graças Foster was sworn in yesterday (February 13th) as president of Petrobrás, promising an administration based on dialogue and continuity “without forgetting for a moment” issues of operational safety and environmental. She also highlighted the fact that the first woman [...]
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Between 2010 and 2020 Rio de Janeiro will need to invest some R$15.8 billion (US$9.15 billion) in both public investment and private funding to modernize and expand its transport network, develop favelas and underground gas supply lines. That is the conclusion of a host [...]
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – French airline Air France canceled forty percent of its long-haul flights on Wednesday due to strike action by aviation workers. As the strike enters its fourth day, a number of flights are being affected between Charles de Gaulle Airport (CDG) in Paris and Brazil’s [...]
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