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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The announcement of a nine and a half year jail term for former president, Luiz Inácio Lula da Silva stirred financial markets on Wednesday, with the U.S. dollar plummeting against...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Since last Friday, when the news broke that Brazil's former president Lula was a target for federal prosecutors in the mega money laundering investigation, Operação Lava Jato (Carwash), the local...
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...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Government-imposed price caps on fuel sold in Brazil continue to cause difficulties for state-led oil firm Petrobras, despite a surge in income during the fourth quarter of 2012....
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil’s finance minister, Guido Mantega, reiterated his opinion Monday that the appreciating U.S. dollar will increase the competitiveness of Brazilian industry. Speaking at the finance ministry, Mantega said that...
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