Tags Business

Tag: Business

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras, the oil giant of Brazil, announced its third quarter results yesterday (Tuesday, November 14th), with a net profit of R$266 million for the three-month period. The results were significantly...
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 – Brazil’s Central Bank lowered the country’s benchmark interest rate (SELIC) for the ninth consecutive time on Wednesday. The Monetary Policy Committee (COPOM) decided unanimously to lower the SELIC by 0.75...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Finance Minister Henrique Meirelles was in Washington D.C. on Thursday (October 12th) and said Brazil has the potential to grow by four percent per year - in the next three...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although representatives from both Mercosur and the European Union (EU) continue to say they hope for an ample economic accord between the two blocs by the end of the year,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil is hailing last week’s oil field exploration auction as a sign that foreign and Brazilian investors alike are regaining confidence in the country and its economy,...
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...
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