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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank (BC) announced on Wednesday it was lowering the country’s benchmark interest rate (Selic) for the eleventh consecutive time, by 0.25 percentage point, from 7 percent to 6.75...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – New automobile sales in Brazil rose by 23.14 percent in January 2018, in comparison to the same period last year, according to the latest data by FENABRAVE (National Federation of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As Brazilian officials celebrated extremely positive pre-salt production, President Michel Temer signed on Wednesday concession contracts for another six pre-salt areas auctioned in October of 2017, raising expectations that production...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Amidst rumors that Brazil’s aircraft manufacturer, Embraer, was being sold to Boeing, Brazilian authorities are scrambling to dissipate fears among both Brazilians and foreign partners who have contract with the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This year’s Carnival festivities, to take place from February 9th to 13th, is expected to inject over R$11.14 billion with a total of 10.69 million Brazilian travelers and 400,000 international...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - Tourists from the United States, Japan, Australia and Canada can now apply for visas to Brazil through the internet and the process will take at the most 72 hours, after...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In addition to being close to closing an agreement with the European Union, the South American Trade Agreement Bloc (Mercosur) is also discussing a possible trade agreement with the United...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The president of Brazil, Michel Temer, will be attending this week’s World Economic Forum in Davos Switzerland and trying to attract back foreign investors to the country. According to officials,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Almost two years after Standard & Poor’s Ratings Services lowered its long-term foreign currency sovereign credit rating for Brazil to ‘BB’, S&P cuts its ratings once again, this time to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian food mogul, Carlos Wizard Martins announced on Monday an agreement with Yum! Brands to purchase operations of KFC and Pizza Hut restaurants in Brazil and manage existing franchises all...
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