Number of Defaulting Companies in Brazil Increased 11 Percent

Number of Defaulting Companies in Brazil Increased 11 Percent

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – After Brazil suffered its worst GDP decline in over 25 years, an increasing number of businesses are now starting to default on their debts. A survey released on Wednesday (April 27th) by the Credit Protection Service (SPC) and the National Confederation of Shopkeepers, showed the […]

Retail Sales in Rio de Janeiro Fall 6.1 Percent in March

Retail Sales in Rio de Janeiro Fall 6.1 Percent in March

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – The retail sales in Rio de Janeiro fell 6.1 percent in March this year, compared to March 2015, according to the Sales Thermometer released yesterday (April 26th) by Centro de Estudos do Clube de Diretores Lojistas, or Shopkeepers Directors Club Study Centre – CDLRio. It […]

Brazil and Argentina Discuss Trade and Automotive Agreement

Brazil and Argentina Discuss Trade and Automotive Agreement

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – Representatives from Brazil and Argentina met in Brasilia yesterday (April 26th) for the first meeting of the Brazil-Argentina Bilateral Commission to discuss the expansion of trade between the two countries. Among the main topics addressed were the renewal terms of an automobile trade agreement between […]

Economists Predict Impeachment Rally Likely to be Short-Lived

Economists Predict Impeachment Rally Likely to be Short-Lived

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The day after Brazil’s Chamber of Deputies authorized the continuation of the impeachment process of President Dilma Rousseff, by the country’s Senate, economic analysts try to forecast how the country’s economy will react to a possible impeachment. For Neil Shearing, Chief Emerging Markets Economist, at […]

Brazilians are Drinking Less Beer, Especially Out at Bars

Brazilians are Drinking Less Beer, Especially Out at Bars

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – While the so-called “sin” industries like alcohol, cigarettes and candy are traditionally considered recession resistant, beer sales in Brazil are drying up more than expected, especially at the bars and restaurants. In an effort to spend less, many Brazilians are choosing to drink and entertain […]

São Paulo Event Brings Business Leaders Together in Brazil

São Paulo Event Brings Business Leaders Together in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With Brazil facing one of the worst economic crisis in its history, government officials, private companies and international organizations are scrambling to find ways out of the dismal economic scenario. The solution to the economy’s recovery, many say, is through increased productivity, stability and predictability, […]

Foreign Investors Start Looking at Opportunities in Brazil Again

Foreign Investors Start Looking at Opportunities in Brazil Again

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – Many foreign investors are looking at Brazil as an interesting option again, between the high interest rates and weaker currency. After reaching an all time high for direct foreign investments of US$20,427 million in December of 2010, years of disappointing declines have just bounced back […]

Supermarket Sales in Brazil Drop 1.61 Percent Last Month

Supermarket Sales in Brazil Drop 1.61 Percent Last Month

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – The sales figures from the supermarket sector fell by 1.61 percent in February compared to January of this year, but reflects an increase of 2.92 percent compared to February 2015, according to the National Index Sales of the Brazilian Association of Supermarkets (ABRAS). The same […]

Easter Sales Register Worst Results Since 2007 in Brazil

Easter Sales Register Worst Results Since 2007 in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Easter holiday this year in Brazil was sour for most food retailers with the holiday registering a decline by 9.6 percent in sales in comparison to the same holiday period last year, according to consumer trend consultancy Serasa Experian. Easter sales registered the worst […]

Brazilian Government Forecasting R$96.7B Deficit for 2016

Brazilian Government Forecasting R$96.7B Deficit for 2016

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government’s economic team announced this week that they are asking Congress to approve an alteration of the Budget Law for 2016 which would allow the Union to close the year with a primary deficit of R$96.7 billion. “In this scenario of retraction, we […]

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