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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Due to the risks associated with cyber transactions, crypto-currencies such as the popular Bitcoin, will not be accepted as a financial asset by investment funds, Brazil’s Securities and Exchange Commission...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s President, Michel Temer, urged investors on Monday not to let minor issues or news dissuade them from investing in the country. According to the President ‘institutional instabilities’ are temporary...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Wednesday registered another day of optimism in the Brazilian financial market, with the stock market rising and the U.S. dollar depreciating against the local currency once again. The Brazilian bourse...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The surprising outcome of Sunday’s presidential elections, with Aecio Neves of the PSDB (Social Democracy Party) winning more than 33 percent of the votes and making it to the second...
By Alfred Rinaldi, Contributing Reporter RIO DE JANEIRO, BRAZIL - A sharp rise in the cost of Credit Default Swaps (CDS), which is an indicator of a country's risk premium, is increasing pressure on the Rousseff government to address market...
By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL - OGX, the oil exploration and production firm owned by former Brazilian billionaire Eike Batista, filed for bankruptcy protection before a Rio de Janeiro state court on October 30th. The...
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – Inflation in Brazil is showing signs of slowing down this July, growing by only 0.24 percent after months of registering steady price hikes. This marks a decrease from last month's...
By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – Shares of Brazil’s state-controlled oil giant Petrobras fell to a nearly eight-year low last week amid weak earnings. Petrobras’ shares slipped 6.11 percent on Friday, July 5th, closing at...
By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s stock exchange, the Bovespa, suffered a 22 percent loss in the first six months of this year, making it its worst semester since the financial crisis struck...
By Blake Sherman, Contributing Reporter RIO DE JANEIRO, BRAZIL – The expatriate owners of Laffa Kebab Store have not only established a thriving restaurant business in Rio, they have created a brand ready to franchise. Brothers Roni and Tomer Kanarek...
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