Unemployment Rate in Brazil Remains Stable in Q3/2014

Unemployment Rate in Brazil Remains Stable in Q3/2014

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The unemployment rate in Brazil during the third quarter of the year remained stable at 6.8 percent, according to the IBGE (Brazilian Statistical Institute) through its quarterly National Household Survey (Continuous PNAD). The result was the same as that of the second quarter (July-September) results, […]

Brazil Grows in Q3, No Longer in Technical Recession

Brazil Grows in Q3, No Longer in Technical Recession

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian Gross Domestic Product (GDP) grew by 0.1 percent during the third quarter of 2014, removing the country from a technical recession, according to data from the IBGE (Brazilian Institute of Geography and Statistics). A ‘technical recession’ occurs when the GDP falls for two […]

Brazil Goes into Recession After Two Quarter Slide

Brazil Goes into Recession After Two Quarter Slide

By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian GDP, the largest economy in Latin America, fell by 0.6 percent in the second quarter ending in June, worse than analysts had predicted. In the first quarter revised figures showed a fall in GDP of 0.2 percent, according to data from the IBGE […]

Roche Pays US$8.3 Billion for Biotech Company, InterMune

Roche Pays US$8.3 Billion for Biotech Company, InterMune

By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – Roche, a large global pharmaceutical company, paid a high premium in the full takeover of American, InterMune. This is the latest move for Roche in an attempt to generate a potential US$1 billion gain in the treatment of respiratory disorders sector, the world’s largest drug […]

Bradesco Approves R$10B for Small and Medium Biz: Daily

Bradesco Approves R$10B for Small and Medium Biz: Daily

By Kate Rintoul, Contributing Reporter RIO DE JANEIRO, BRAZIL — While some small businesses are struggling as Brazil’s economy falters, one of the country’s biggest banks, Bradesco has launched a credit package of up to R$10 billion for new loans to their small and medium business customers. The program has been put in place after […]

No Sign of Recovery for Brazil’s Economy in Short-Term: Daily

No Sign of Recovery for Brazil’s Economy in Short-Term: Daily

By Kate Rintoul, Contributing Reporter RIO DE JANEIRO, BRAZIL – According to the Economic Climate Indicator (ICE) released by the Fundação Getulio Vargas (FGV) on Wednesday, August 13th the economic climate in Latin America in July is the worst since 2009, with Brazil performing badly in key areas. The index, which is done in partnership […]

Tax Income Increases from Small and Medium-Sized Companies

Tax Income Increases from Small and Medium-Sized Companies

By Sarah Brown, contributing reporter RIO DE JANEIRO, BRAZIL – It is the small to medium-sized companies that are gaining the bigger profits in Brazil against last year’s figures, according to the Internal Revenue Sector. They state that the low growth of federal revenues in the first semester is linked to the performance of the […]

Brazilian GDP Expected Growth Cut to 1.05% for 2014

Brazilian GDP Expected Growth Cut to 1.05% for 2014

By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – Research from Banco Central (BC, or Central Bank of Brazil) shows that the projected growth of GDP has fallen, while forecasts for inflation rates has increased, indicating a persistent decline in Brazil’s economy. For the seventh week straight, economists at the Banco Central have cut […]

Brazil Coffee Exports Up in Volume, Down in Revenues: Daily

Brazil Coffee Exports Up in Volume, Down in Revenues: Daily

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Coffee exports (including green grains, soluble, roasted and grounded) registered an increase of 9.9 percent in volume during the 2013/2014 season, but declined by 11.6 percent in revenues, according to CeCafe (Coffee Exporters Council of Brazil). The number of bags exported from July 2013 to June […]

Brazil’s Agriculture Registers Surplus of US$8.5B: Daily

Brazil’s Agriculture Registers Surplus of US$8.5B: Daily

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s agribusiness sector registered a surplus of US$8.5 billion in June, according to MAPA (Brazil’s Ministry of Agriculture, Livestock and Supply). Exports grew by 4.7 percent in comparison to June of 2013 to US$9.61 billion, while imports fell by five percent to US$1.21 billion during the […]

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