Tags Business

Tag: Business

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Finance minister of Brazil, Henrique Meirelles, says country’s economy is showing signs of recovery and that the worst recession the country has faced in its history is over. Meirelles attributed...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the objective of stimulating free competition and attracting foreign investments in the oil and gas sector, the Brazilian government launched the 'Fuel Brazil' initiative on Monday (February 20th). “It...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Officials in Rio de Janeiro expect to receive fourteen ocean liner cruise ships during the 2017 Carnival period, where approximately 50,000 people will disembark in Rio’s Pier Mauá, according...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The 2017 Carnival festivities around the country this year are expected to move R$5.8 billion in tourism activities this year, according to a survey conducted by the National Confederation of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A recent measure adopted by the Brazilian government to allow nearly 30.2 million workers to withdraw the amounts deposited in inactive workers’ fund (FGTS) is expected to inject R$30 billion...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – On a seemingly calm day in the financial market, the U.S. dollar depreciated against the Brazilian real to its lowest value in more than nineteen months falling below R$3.10/US$1. The...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The harshest economic crisis in Brazil in decades could push up to 3.6 million Brazilian back below the poverty line by the end of 2017, says a World Bank report...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – International ratings agency Standard & Poor's (S&P) announced on Friday it was maintaining Brazil’s ratings two levels below investment grade and reaffirmed the negative outlook for the country. Government officials,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This year’s Brazilian harvest should total 221.4 million tons, an increase of 20.3 percent in relation to last year, according to a report by the Brazilian Institute of Geography and...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – More than 11,950 companies closed their doors in the state of Rio de Janeiro last year, 25.2 percent more than in 2015, according to data released on Wednesday by...
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