First 100 Days of Brazil President Rousseff’s Second Term in Office

First 100 Days of Brazil President Rousseff’s Second Term in Office

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President of Brazil Dilma Rousseff marked her first 100 days of her second term as the country’s leader struggling to maintain political and economic control. After an extremely tight presidential race in October of 2014, Rousseff has been losing popularity and support from both the […]

Brazil Real Currency Falls to Lowest in Over 10 Years to U.S. Dollar

Brazil Real Currency Falls to Lowest in Over 10 Years to U.S. Dollar

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – The week ended with the continued fall of the Brazilian currency, the real, as the commercial dollar closed on Friday (March 7th) at R$3.056/US$1. Just the day before, the real fell to the level of R$3/US$1, which was lowest since August 2004. During the week, […]

Brazil’s Real Falls Due to Weakening Economy

Brazil’s Real Falls Due to Weakening Economy

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s currency, the real, fell to its weakest level against the U.S. dollar since 2005 in February this year and according to an international economic consultancy group the reason is not the current corruption scandals at oil giant Petrobras, but deteriorating economic fundamentals. According to […]

Brazil Registers Record Deficit in Current Accounts

Brazil Registers Record Deficit in Current Accounts

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s current accounts in 2014 registered a record deficit of US$90.948 billion, according to data released by Brazil’s Central Bank (CB) on Friday, January 23rd. The result was well above 2013’s deficit of US$81.108 billion and the highest registered since the CB started the series […]

Brazil has the 4th Costliest Big Mac in the World

Brazil has the 4th Costliest Big Mac in the World

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – According to a survey conducted by British weekly, The Economist, Brazil has the fourth most expensive Big Mac in the world. The latest Big Mac Index, released on January 22nd, shows that the ever-popular sandwich can be bought at McDonald’s restaurants all around the country […]

Brazil Increases Taxes on Fuels, Imports and Credit

Brazil Increases Taxes on Fuels, Imports and Credit

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government’s new economic team announced the first measures which they hope will reduce the country’s primary deficit and put the economy back into the path of sustainable growth. Finance Minister, Joaquim Levy, announced on Monday, the government will increase taxes on fuels, imports […]

Brazil Seeks Closer Trade Ties with U.S., European Union

Brazil Seeks Closer Trade Ties with U.S., European Union

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – During the next four years Brazil will work toward strengthening its commercial ties with the United States, expanding its accords with Mercosur partners as well as finalizing trade agreements with Central and South American countries such as Mexico, Peru, Colombia and Chile, stated the new […]

Brazil’s New Finance Minister Faces First Challenges

Brazil’s New Finance Minister Faces First Challenges

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Joaquim Levy took over as Brazil’s new Finance Minister on Monday, January 5th, and announced that balancing public accounts is an essential condition for the country’s sustainable development and social economic growth. However, with the current economic state of the country, this will not be […]

Tax Exemptions in Brazil Affect Federal Revenues for 2014

Tax Exemptions in Brazil Affect Federal Revenues for 2014

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Tax exemptions and reductions given by the Brazilian government to major industry sectors were greatly responsible for the significant decline in federal revenues from January to November which in turn affected public accounts, says Brazil’s Receita Federal (Federal Revenue Service). According to news agency, Agencia […]

Brazil a Top Exporter of Illicit Financial Flows in World

Brazil a Top Exporter of Illicit Financial Flows in World

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A survey released Tuesday by Global Financial Integrity (GFI) reveals that Brazil is the seventh biggest exporters of illicit financial flows in the world, averaging US$21.71 billion of illicit flows per year for the past ten years. Although one of the top ten, Brazil was […]

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