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By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The city of Rio de Janeiro has lost more than R$657 million of its tourism revenues during the eight first months of the year due to crime and violence,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Retailers in Brazil could lose over R$10.5 billion this year due to national holidays, show the estimates from the São Paulo Commerce Federation (FecomercioSP). According to the entity, this volume...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – An opinion poll conducted by Ibope Inteligencia less than fifteen days before the start of the 2016 Olympics in Rio de Janeiro shows that although more than half of Brazilians...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Oil giant of Brazil, Petrobras, announced on Monday its net loss for 2015 was R$34.8 billion, the largest in the company’s history. According to officials, the losses were due to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Embraer in Brazil, the world’s third largest commercial aircraft manufacturer closed the third quarter of 2015 with a net loss of US$109.6 million. At the same time last year,...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The heads of Brazil’s two biggest airlines, TAM and Gol, have said they are planning on taking steps to boost their companies' profits after the global financial crisis dealt...
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