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Tag: Business

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Demand for domestic air transportation in Brazil grew for the second consecutive month in April, according to the Brazilian Airlines Association (ABEAR). Despite the increase by 3.2 percent from the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian industry production fell again in April after slightly recovering in March according to the National Confederation of Industry (CNI). A CNI survey released on Wednesday shows that both production...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The balance of payments in Brazil closed positive in April, with current accounts totaling US$1.153 billion, the best result for the month since 2007. For the country’s Central Bank (CB)...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil announced on Monday it will be selling one hundred percent of its participation in the Jurúa natural gas field, in the Amazon Region. The sale...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The U.S. dollar surged by 7.9 percent against the Brazilian real, as the country’s main stock market plummeted 8.8 percent on Thursday with the aftermath of the secret recordings showing...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite an United Nation’s report stating that Brazil is likely to grow only 0.1 percent this year, limiting the total economic growth of the region, Brazil’s finance minister Henrique Meirelles...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government announced on Monday that it will adopt measures to protect Brazilian sugarcane-based ethanol producers from imported biofuel. The measures include limiting the import of corn-based ethanol from...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Mobile banking has become Brazil's preferred channel for banking operations and already accounts for one-third of all transactions made in the country, according to FEBRABAN (Brazilian Federation of Banks) Survey...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The National Consumer Price Index (IPCA) in Brazil rose by 0.14 percent in April, according to the IBGE (Brazilian Statistics Bureau). This is far lower than the 0.25 percent registered...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A Federal Court in Sergipe, Brazil announced on Monday it was dismissing a legal action intended to suspend Petrobras’ sale of its shares in one of its subsidiaries, BR Distribuidora,...
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