Number of Defaulting Companies in Brazil Increased 11 Percent

Number of Defaulting Companies in Brazil Increased 11 Percent

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – After Brazil suffered its worst GDP decline in over 25 years, an increasing number of businesses are now starting to default on their debts. A survey released on Wednesday (April 27th) by the Credit Protection Service (SPC) and the National Confederation of Shopkeepers, showed the […]

Retail Sales in Rio de Janeiro Fall 6.1 Percent in March

Retail Sales in Rio de Janeiro Fall 6.1 Percent in March

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – The retail sales in Rio de Janeiro fell 6.1 percent in March this year, compared to March 2015, according to the Sales Thermometer released yesterday (April 26th) by Centro de Estudos do Clube de Diretores Lojistas, or Shopkeepers Directors Club Study Centre – CDLRio. It […]

Brazil and Argentina Discuss Trade and Automotive Agreement

Brazil and Argentina Discuss Trade and Automotive Agreement

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – Representatives from Brazil and Argentina met in Brasilia yesterday (April 26th) for the first meeting of the Brazil-Argentina Bilateral Commission to discuss the expansion of trade between the two countries. Among the main topics addressed were the renewal terms of an automobile trade agreement between […]

Economists Predict Impeachment Rally Likely to be Short-Lived

Economists Predict Impeachment Rally Likely to be Short-Lived

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The day after Brazil’s Chamber of Deputies authorized the continuation of the impeachment process of President Dilma Rousseff, by the country’s Senate, economic analysts try to forecast how the country’s economy will react to a possible impeachment. For Neil Shearing, Chief Emerging Markets Economist, at […]

Foreign Investors Start Looking at Opportunities in Brazil Again

Foreign Investors Start Looking at Opportunities in Brazil Again

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – Many foreign investors are looking at Brazil as an interesting option again, between the high interest rates and weaker currency. After reaching an all time high for direct foreign investments of US$20,427 million in December of 2010, years of disappointing declines have just bounced back […]

Misc: Investment Opportunity, 20% Ownership in Nightclub

Misc: Investment Opportunity, 20% Ownership in Nightclub

INVESTMENT OPPORTUNITY – Twenty Percent Ownership in Popular Rio Nightclub located in Zona Sul. For Sale: twenty percent partnership in popular Night Club located in Humaita, Rio de Janeiro. With its Retro Paris Cabaret Retro design, Cabaret Lounge is one of the most popular champagne clubs in Rio de Janeiro. Featuring pop rock, top hits […]

Supermarket Sales in Brazil Drop 1.61 Percent Last Month

Supermarket Sales in Brazil Drop 1.61 Percent Last Month

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – The sales figures from the supermarket sector fell by 1.61 percent in February compared to January of this year, but reflects an increase of 2.92 percent compared to February 2015, according to the National Index Sales of the Brazilian Association of Supermarkets (ABRAS). The same […]

With Credit Crunch in Brazil, Real Estate Consortiums Up 41.5%

With Credit Crunch in Brazil, Real Estate Consortiums Up 41.5%

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With declining credit supply and no forecast of an improvement in the economy in the short-term, many Brazilians have resorted to the consortium system to help pay for durable goods such automobiles and homes. According to ABAC (Brazilian Association of Consortium Administrators) there was a […]

Brazil Fuel Price Hikes Likely to Pressure Inflation

Brazil Fuel Price Hikes Likely to Pressure Inflation

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This week the government announced it had authorized the increase of gasoline and diesel fuel prices at Petrobras’ refineries. The price increase will vary from four percent for diesel to six percent for gasoline. The increase in fuel prices, say analysts, is likely to put […]

Brazil Leads Region in Online Sales Made with Mobile Devices

Brazil Leads Region in Online Sales Made with Mobile Devices

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – According to a survey of collective purchases on the site Groupon, which studied 6,000 people in Brazil, Argentina, Chile, Colombia and Mexico, the average amount of online transactions by mobile device in these five countries is 15.6 percent of the total. Individually, Brazil is above […]

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