Agribusiness Exports May Help Brazil Out of Economic Crisis Faster

Agribusiness Exports May Help Brazil Out of Economic Crisis Faster

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – It is possible to significantly increase the market for Brazilian products abroad if the country is able to break down trade barriers, says a Brazilian diplomat working with the World Trade Organization (WTO), and this could help Brazil come out of its economic crisis faster. […]

Rio de Janeiro Received 1.17 Million Visitors During Olympics

Rio de Janeiro Received 1.17 Million Visitors During Olympics

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Olympics in Rio de Janeiro can be considered a success story, with the city receiving more than 1.17 million tourists during the seventeen days between the opening and closing ceremony, concluded Rio’s mayor, Eduardo Paes on Tuesday (August 23rd). Although the Games cost […]

Olympics Seen as Chance to Boost Brazil’s Foreign Trade

Olympics Seen as Chance to Boost Brazil’s Foreign Trade

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The favorable image emerging after the end of the Olympics in Rio de Janeiro may help boost foreign trade for the country, according to Brazil’s Foreign Relation Minister, Jose Serra. The minister spoke to executives and reporters during the launch of the Be Brasil campaign […]

Paralympic Games Officials Confirm Event Despite Financial Troubles

Paralympic Games Officials Confirm Event Despite Financial Troubles

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – With less than 21 days to go before the start of the Paralympic Games, organizers are scrambling to obtain extra funding and sell tickets to the competition events. The International Paralympic Committee has been holding meetings with both city and federal Brazilian officials so […]

Brazil’s Real Closes at R$3.13 to Dollar in 13-Month High

Brazil’s Real Closes at R$3.13 to Dollar in 13-Month High

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The recent appetite for riskier assets throughout the world has led the Brazilian real to its highest level against the U.S. dollar in more than thirteen months, closing on Wednesday at R$3.1296/US$1 according to Brazil’s Central Bank. The Brazilian currency, however, is unlikely to […]

Consumer Protection Entity Fines Olympic Committee in Rio

Consumer Protection Entity Fines Olympic Committee in Rio

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Spectators going to the Rio 2016 Olympic Games have not only endured extended lines to get in to the stadiums but found that once inside food was scarce. Due to the problems, Rio’s consumer protection agency, PROCON-RJ, announced on Sunday it was fining the […]

Brazil’s Petrobras Increases Market Value by US$23.35 Billion

Brazil’s Petrobras Increases Market Value by US$23.35 Billion

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The oil giant Petrobras in Brazil has risen six positions and is now the fourth largest oil company in Latin America and the U.S. in terms of market value at US$49.29 billion, according to consultancy firm Economatica. The survey lists Exxon Mobil remaining as […]

Brazil Posts Record 7-Month Trade Balance Surplus in 2016

Brazil Posts Record 7-Month Trade Balance Surplus in 2016

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The trade balance in Brazil for January through July of 2016 registered the highest surplus for the period since the series started in 1989, at US$28.23 billion, according to data released by the Ministry of Development, Industry and Foreign Trade (MDIC). Among the factors that […]

Brazil’s Industries Seek Return of Fiscal Benefits for Exporters

Brazil’s Industries Seek Return of Fiscal Benefits for Exporters

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian industries are asking the interim government of Michel Temer to bring back the fiscal reimbursement for exporters. According to industry leaders the devaluation of the US dollar against the Brazilian real is hurting those who sell their products abroad. “The dollar has devalued a […]

IMF Improves Brazil’s GDP Outlook for 2016 and 2017

IMF Improves Brazil’s GDP Outlook for 2016 and 2017

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The interim government in Brazil celebrated the news that the International Monetary Fund (IMF) reduced its negative outlook forecast for the country’s GDP in 2016, from 3.8 percent in April to 3.3 percent in July. The international entity also forecast a mild growth in 2017 […]

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