Tags Business

Tag: Business

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Faced with dwindling revenues, Brazil’s federal government decided to raise fuel taxes. The government’s objective is to raise R$10.4 billion with the additional levy and meet the primary deficit fiscal...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank in Brazil carried out an order issued by federal judge Sergio Moro and froze of more than R$606,000 in assets from accounts belonging to former President Luiz...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A report released on Monday (July 17th) by the World Trade Organization (WTO) says that the Brazilian economy will have a gradual recovery in 2017, but growth will be weak...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The announcement of a nine and a half year jail term for former president, Luiz Inácio Lula da Silva stirred financial markets on Wednesday, with the U.S. dollar plummeting against...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Tourism in the state of Rio de Janeiro lost R$320 million in revenues in the first four months of 2017, according to data compiled by the National Confederation of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The National Consumer Price Index (IPCA) in Brazil registered a deflation of 0.23 percent in June, according to the IBGE (Brazilian Statistics Bureau). This is the first negative result registered...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Industrial production in Brazil registered a growth of 0.8 percent in May according to data from the IBGE (Brazilian Statistical Bureau). Although this is the second consecutive positive rate recorded...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The suspension of Brazilian fresh beef imports by the United States announced in June should have a minimal impact on Brazilian exports, according to the director of the Department of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As part of its fight against corruption, Brazil’s Central Bank (CB) announced on Wednesday (June 28th) it was reformulating its regulation for large cash bank withdrawals. The decision comes a...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The world’s largest meat processor, Brazilian company JBS, announced on Tuesday a divestment program that it hopes will render R$6 billion. In addition to selling its participation in one of...
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