Tags Finance

Tag: Finance

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Conselho Deliberativo do Fundo de Amparo ao Trabalhador (CODEFAT, Deliberative Council of the Worker Support Fund) approved yesterday (May 9th) the creation of a $5 billion line of credit...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - At the crescendo of negative news about the Latin American giant and BRICS member, some savvy investors are realizing the 'Brazil is for sale', and there may be no better...
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A spokesperson for Rio de Janeiro Governor Sérgio Cabral said over the weekend that Police Pacification Unit (UPP) projects are not in jeopardy following last week's announcement that millionaire...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – After celebrating becoming the world’s sixth largest economy and relegating the UK to the number seven spot at the end of 2011, Brazil’s economy has slid back to its previous...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – The 2012 growth forecast for the Brazilian economy has been cut for the third consecutive week by market analysts, falling dramatically from the previous estimate of 1.5 percent to just 1.27...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Finance Minister Guido Mantega has chided Western central banks over money-printing and other stimulus measures, and warned that Brazil could impose taxes on speculative foreign capital to avoid its...
By Lucy Jordan, Senior Contributing Reporter BRASÍLIA, BRAZIL – Finance Minister Guido Mantega revised Brazil’s economic growth forecast for this year to two percent Thursday, from an earlier estimate of three percent. The downgrade comes as a response to...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian President Dilma Rousseff is widely expected to unveil a plan to reduce energy bills, for industry and consumers, aimed at helping to stimulate the country’s struggling economy. She has also...
By Lucy Jordan, Contributing Reporter BRASÍLIA, BRAZIL – Brazil cut its benchmark Selic interest rate to a record low of eight percent Thursday, in an attempt to boost an economy that has continued to falter in the face of various...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has an announced an aggressive program of budget cuts totaling R$55 billion for 2012. The aim is to allow inflation to fall and to...
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