Brazil Reacts to U.K. Decision to Leave European Union

Brazil Reacts to U.K. Decision to Leave European Union

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian politicians received with mixed feelings the news that the U.K. voted to withdraw from the European Union. All through the day on Friday, Congressional representatives spoke of concern with the possible repercussions of the decision on E.U.-Mercosur negotiations. “For years we have been seeking […]

Domestic Airline Travel in Brazil Falls 8.2 Percent in 2016

Domestic Airline Travel in Brazil Falls 8.2 Percent in 2016

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – Since the start of the year, Brazil’s aviation industry, particularly on the domestic front, has been feeling the effects of the country’s weak economy and political turmoil. On Tuesday, June 21st, the Brazilian Association of Airlines (ABEAR) released its latest figures for the year so […]

UN Says Brazil Pulls Down Region’s Foreign Investments

UN Says Brazil Pulls Down Region’s Foreign Investments

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The slowdown of the Brazilian economy was one of the key factors for the decline in foreign direct investments (FDI) inflows in Latin America and the Caribbean in 2015, according to the Economic Commission for Latin America and the Caribbean (ECLAC). According to the United […]

The First Month of Brazil’s Interim President Michel Temer

The First Month of Brazil’s Interim President Michel Temer

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – On Sunday, Brazil’s interim president, Michel Temer, completed a month in office, after Brazilian President Dilma Rousseff was suspended while the country’s senate votes on her impeachment process. With many ideas on how to bring Brazil out of one of its worst economic and political […]

Record Number of Brazilian Firms File for Judicial Recovery

Record Number of Brazilian Firms File for Judicial Recovery

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In the first five months of this year judicial recovery requests in Brazil increased by 95 percent in comparison to the same period last year, according to a survey conducted by Serasa Experian. Unlike bankruptcy, judicial recovery is a court-approved rehabilitation procedure, whose main purpose […]

Petrobras’ CEO Seeks to Recover Company’s Credibility

Petrobras’ CEO Seeks to Recover Company’s Credibility

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras’ new president, Pedro Parente, said on Thursday, June 2nd, during his swearing in ceremony that to improve the company’s performance, the oil giant needs to restore its credibility and recover its economic, financial and social responsibilities. The new CEO also said he supports the […]

OECD Report Reveals Recession in Brazil May Extend Until 2017

OECD Report Reveals Recession in Brazil May Extend Until 2017

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although the latest economic data released in Brazil this week showed some easing of the economic turmoil faced by the country, a report by the Organization for Economic Co-Operation and Development (OECD) revealed that the country’s recession should extend into 2017. The report released by […]

Brazil’s Q1 GDP Growth Rate Continues to Show Retraction

Brazil’s Q1 GDP Growth Rate Continues to Show Retraction

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian economy continues to deteriorate after registering the worst annual GDP result in 25 years in 2015, with the GDP growth retracting another 0.3 percent during the first quarter of 2016, according to the Brazilian Institute of Geography and Statistics (IBGE). The Institute released […]

Financial Planning Consultancy for Life Changes: Sponsored

Financial Planning Consultancy for Life Changes: Sponsored

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – Major life changes, such as marriage, a baby, a new job, can happen at any place, at any time, sometimes unexpectedly. And, if you’re in Brazil, surrounded by a volatile political environment and one of the bleakest economies in recent times, preparing for the unexpected […]

Brazil Sees Foreign Spending and Tourism Boost in First Quarter

Brazil Sees Foreign Spending and Tourism Boost in First Quarter

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – In contrast to most of the recent negative financial news from Brazil, on Tuesday, May 24th, the Central Bank released positive figures from the foreign spending sector. According to the Ministry of Tourism, the Central Bank data shows that spending by international visitors grew by […]

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