Tags Economy

Tag: Economy

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Representatives from the oil industry’s heavyweights were in Rio de Janeiro on Friday, October 27th, as Brazil held its much-anticipated auction of eight blocks in the highly sought-after pre-salt region....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Gross Domestic Product (GDP), closed the second quarter of 2017 up by 0.2 percent compared to the previous quarter, according to the IBGE (Brazilian Statistics Bureau). The latest GDP...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –Brazil’s President Michel Temer, is travelling to China on Tuesday to attend the 9th BRICS Summit along with his counterparts from China, India, Russia and South Africa. With Brazil’s economy still...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – To increase its revenues and boost the economy, Brazil’s federal government announced on Wednesday a plan to privatize 57 federal holdings in hopes these will yield R$44 billion. Among those...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Brazilian government reduced the forecast for minimum wage in the coming year after reviewing the economic projections for 2018. The amount of R$979 per month (US$309) contained in...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –More than 59 million people in Brazil were in debt at the end of July due to high unemployment rates and economic difficulties faced by Brazilian households, according to data from...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Faced with dwindling revenues, Brazil’s federal government decided to raise fuel taxes. The government’s objective is to raise R$10.4 billion with the additional levy and meet the primary deficit fiscal...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A report released on Monday (July 17th) by the World Trade Organization (WTO) says that the Brazilian economy will have a gradual recovery in 2017, but growth will be weak...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Not even the seven-hour sit-in promoted by the opposition, four of which were held in the dark, prevented Brazil’s Senate from approving the country’s new labor reform law on Tuesday....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil says it is working towards finding out what is causing irregularities in the quality of meat exported to the U.S. after, the North American country announced...
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