Tags Business

Tag: Business

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Despite the recent outbreak of violence reported in some of Rio de Janeiro’s favela communities, Brazil’s Federal Government on Sunday unveiled a tourism plan to attract more visitors to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the current political turbulence in Brasilia, Brazil’s main stock market, the Bovespa Index (IBOVESPA), registered a record volume for the second day in a row on Tuesday, closing a...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Attending the opening of the 9th BRICS Summit in Xiamen, China, Brazil’s President, Michel Temer, urged the easing of economic barriers and the reduction of bureaucracy in relation to trade...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Gross Domestic Product (GDP), closed the second quarter of 2017 up by 0.2 percent compared to the previous quarter, according to the IBGE (Brazilian Statistics Bureau). The latest GDP...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –Brazil’s President Michel Temer, is travelling to China on Tuesday to attend the 9th BRICS Summit along with his counterparts from China, India, Russia and South Africa. With Brazil’s economy still...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – To increase its revenues and boost the economy, Brazil’s federal government announced on Wednesday a plan to privatize 57 federal holdings in hopes these will yield R$44 billion. Among those...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Unable to obtain the expected revenues Brazil’s federal government announced on Tuesday it was increasing the nation’s budget deficit target by R$20 billion this year, from R$139 billion to R$159...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The president of Brazil’s Development Bank (BNDES) criticized judicial decisions handed down to companies investigated in the Lava Jato (Car Wash) corruption scandal on Monday, stating that they lack an...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the deep economic recession facing the country, Brazil led foreign direct investment (FDI) inflows in Latin America, obtaining 47 percent of total direct investment in the region, approximately US$78.9...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –More than 59 million people in Brazil were in debt at the end of July due to high unemployment rates and economic difficulties faced by Brazilian households, according to data from...
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