Transparency International Cuts Brazil’s Ranking Due to Petrobras

Transparency International Cuts Brazil’s Ranking Due to Petrobras

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Transparency International’s Corruption Perception Index 2015 raised Brazil seven positions, going to number 76 out of 168 countries surveyed. The country is the biggest index loser in the Americas, according to the global watchdog, due mainly to the Petrobras corruption scandal. “Dealing with many entrenched […]

Rousseff to Meet with Cabinet, Governors Before New Year

Rousseff to Meet with Cabinet, Governors Before New Year

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After spending Christmas with family in the Southern region of the country, Brazilian President Dilma Rousseff is expected to start the last week of the year calling cabinet members for a meeting to discuss the country’s economic and political situation. On the agenda are the […]

Possible Downgrade Reflects Reality of Economy in Brazil

Possible Downgrade Reflects Reality of Economy in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The possibility of having Brazil’s credit rating drop down from investment grade into junk status caused additional turbulence to the country’s economic market, with the stock market closing down and the US dollar appreciating. Finance Minister, Joaquim Levy, stated the measure reflects the difficulties seen […]

Brazil’s Courts Suspends Impeachment Process After Scuffle

Brazil’s Courts Suspends Impeachment Process After Scuffle

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Opposition leaders had little time to celebrate winning the chance to head a special committee in Brazil’s Chamber of Deputies which will decide whether or not to start impeachment proceedings against Brazilian leader Dilma Rousseff. Hours after the turbulent vote, the country’s Supreme Court decided […]

Opinion: Brazil’s Pizzaioli at the Ready

Opinion: Brazil’s Pizzaioli at the Ready

Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – Not long ago, there were reports that the TCU, one of Brazil’s government oversight agencies, was actually going to grow teeth and repudiate 2014’s federal statement of accounts, because of the “pedaladas” which are prohibited by the Law on Fiscal Accountability. Not long ago, there were […]

Brazil’s Rousseff in Russia to Meet Leaders for BRICS Summit

Brazil’s Rousseff in Russia to Meet Leaders for BRICS Summit

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s President Dilma Rousseff arrived in Ufa, Russia on Wednesday for the seventh BRICS summit, where member countries (Brazil, Russia, India, China and South Africa) will launch the New Development Bank (NDB).The five BRICS countries represent one-fifth of the world’s economy and holds forty percent […]

PSDB Reelects Senator Aécio Neves to Lead Opposition in Brazil

PSDB Reelects Senator Aécio Neves to Lead Opposition in Brazil

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – On Sunday (July 5th) the PSDB, which mounted the close run for presidency in 2014, reelected Senator Aécio Neves of Minas Gerais as their party president. Neves called for unity around the opposition parties and for the resumption of economic growth as a solution to […]

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