Tags Business

Tag: Business

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The number of companies in Brazil seeking judicial recovery in 2016 set a record according to data released by Serasa Experian, a credit and business research company. In all 1,770...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank of Brazil’s Monetary Policy Committee (COPOM) announced on Wednesday evening it was lowering its benchmark interest rate (Selic) by 0.75 percentage points. The Selic now stands at...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After two years of pessimistic outlooks for one of Brazil’s largest companies, investors are starting to regain some confidence in the country’s oil giant, Petrobras. Earlier this week the company...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Mining giants, Vale and BHP Billiton, along with principal shareholders of Brazilian mining company, Samarco, have asked the Minas Gerais Federal Courts for a second extension in their deadline to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Officials from Brazilian conglomerate Odebrecht have signed a preliminary agreement with Peru’s prosecutors’ office to return more than US$8.9 million from illicit gains to the Latin American country. Peru is...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After a year of declines in both vehicle production and sales, automakers expect the market to recover in 2017 according to the National Automobile Manufacturers Association (Anfavea). Anfavea estimates that sales will...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although Brazil’s economy has not yet recovered from the worst recession in decades, the Santos Port, largest port complex in Latin America, is forecasting to move a record 120.6 million...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Brazilian Industrial Production saw an accumulated reduction of 7.1 percent in the eleven months of 2016. The data is part of the Monthly Industrial Survey - Brazilian Physical Production...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Retailers in Brazil could lose over R$10.5 billion this year due to national holidays, show the estimates from the São Paulo Commerce Federation (FecomercioSP). According to the entity, this volume...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The trade balance in Brazil set a record in 2016 registering a surplus US$47.69 billion, according to the Ministry of Industry, Foreign Trade and Services (MDIC). The surplus balance is...
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