Brazil’s Risk Premium Rises Sharply

Brazil’s Risk Premium Rises Sharply

By Alfred Rinaldi, Contributing Reporter RIO DE JANEIRO, BRAZIL – A sharp rise in the cost of Credit Default Swaps (CDS), which is an indicator of a country’s risk premium, is increasing pressure on the Rousseff government to address market worries about the country’s economic standing. Last week, the cost of CDS stood at 210.9 […]

Brazil’s Economy Stumbles Towards 2014

Brazil’s Economy Stumbles Towards 2014

By Doug Gray, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The government celebrated the confidence-fuelling auction of two of the country’s biggest airports last week, but the economy continues to show signs of volatility. With the end of what has been a difficult 2013 in sight, the prospect of political uncertainty in the year […]

Batista’s OGX Files for Bankruptcy: Daily

Batista’s OGX Files for Bankruptcy: Daily

By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – OGX, the oil exploration and production firm owned by former Brazilian billionaire Eike Batista, filed for bankruptcy protection before a Rio de Janeiro state court on October 30th. The move, considered Brazil’s biggest corporate default, came just one day after OGX failed to come […]

Brazil’s Inflation Forecast Lowered: Daily

Brazil’s Inflation Forecast Lowered: Daily

By Kristen Nozell, Contributing Reporter RIO DE JANEIRO, BRAZIL – For the first time since September 2010, Brazil’s Central Bank has lowered its inflation forecast for the year. As revealed in the third quarter report released Monday, September 30th by the country’s monetary authority, the Índice de Preços ao Consumidor Amplo (IPCA, or Consumer Price […]

Brazil’s Unemployment Rate Falls: Daily

Brazil’s Unemployment Rate Falls: Daily

By Stephanie Foden, Contributing Reporter RIO DE JANEIRO, BRAZIL – Salaries in Brazil rose and the jobless rate went down to 5.3 percent in August from 5.6 percent last month, slightly below what economists were predicting. This is the second monthly drop and the lowest number this year so far, according to a survey released […]

Brazilian Real Recovers on Fed Decision

Brazilian Real Recovers on Fed Decision

By Doug Gray, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – It has been a volatile 2013 so far for Brazil’s currency, and indeed for Latin America’s largest economy as a whole. Last week, however, the susceptibility of the real to U.S fiscal policy was left wide open once more as the Federal Reserve took […]

Brazilian Industry Grows in 2nd Quarter

Brazilian Industry Grows in 2nd Quarter

By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – The manufacturing sector in Brazil helped to boost the flagging economy in the second quarter of 2013 and led to slightly increased GDP forecasts for the entire year. However, the positive numbers are built upon uninspiring foundations and long-term outlooks for the Brazilian economy are […]

Brazil Inflation Rates Drop in July: Daily

Brazil Inflation Rates Drop in July: Daily

By Anna Kaiser, Contributing Reporter RIO DE JANEIRO, BRAZIL – President Dilma Rousseff affirmed that inflation is “completely under control” yesterday on a radio show in Minas Gerais as consumer price index rates (IPCA) – Brazil’s broadest measure of inflation – rose by a mere .03 percent in the month of July. That is the […]

Brazil Trade Deficit at Historic High: Daily

Brazil Trade Deficit at Historic High: Daily

By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – After worries over inflation and a meager GDP outlook for 2013, Brazil’s economy is making headlines again, registering the highest trade deficit in the first seven months of 2013 since collection of such data began over fifty years ago. The balance of trade between imports […]

Brazil Human Development Up 50 Percent

Brazil Human Development Up 50 Percent

By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Municipal Human Development Index (MHDI) rose nearly fifty percent in twenty years, the Brazil 2013 Human Development Atlas has shown. Using data from the 1991, 2000 and 2010 censuses, the study by the United Nations Development Programme (UNDP) showed that Brazil’s overall MHDI climbed from 0.493 (“very low”) in 1991 […]

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