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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The change of finance ministers in Brazil on Friday afternoon did not please the markets. The São Paulo stock market closed down on Monday registering the lowest volume of trade...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian President Dilma Rousseff replaced her Finance Minister, Joaquim Levy, on Friday and appointed Nelson Barbosa, to head the government’s economic team. Until yesterday Barbosa had been the country’s Planning...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With only days to go before the start of a new year, Brazil’s Congress approved on Thursday the 2016 Budget which calls for the creation of a tax over financial...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After weeks of uncertainty, Brazil’s Congress finally approved a bill to change the government’s fiscal target, which is now a deficit of R$119.9 billion for 2015. According to Brazil’s Planning,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Finance minister in Brazil, Joaquim Levy, told congressional representatives on Wednesday that if congress does not approve an executive order creating the CPMF (tax over financial transactions), programs which protect...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although the possible increase in U.S. interest rates and the slowdown of the Chinese economies may hinder exports, the country’s Finance Minister, Joaquim Levy, said yesterday that Brazil is currently...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – Around 22 years ago, writing for another Rio publication and using his real name (no pun intended), the Curmudgeon correctly predicted that there would be yet another maxi-devaluation of the currency,...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL- The seemingly inevitable has happened — Brazil has now been downgraded by Standard & Poor's, one of the three big credit risk agencies, to “speculative” status, meaning there is a risk...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government in Brazil is expected to start announcing measures today (Friday, September 11th), to cut expenses so that it may reduce the deficit forecast for the 2016 budget, said...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - The government has just submitted to Congress its proposed Budget for 2016, together with the obligatory four year plan through 2019. The plan presumes a growth rate of 0.2 percent in...
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