Petrobras Kickback Scandal Shakes Up Presidential Race

Petrobras Kickback Scandal Shakes Up Presidential Race

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With less than a month to go before Brazil’s Presidential elections, illegal kickback accusations made by a former Petrobras director, Paulo Roberto Costa, are shaking up the presidential race. Reportedly, Costa mentions more than thirty names, including politicians, congressmen, governors and state ministers, who he […]

Study Finds Brazil Lost US$400 Billion to Fraud

Study Finds Brazil Lost US$400 Billion to Fraud

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Illegal outflows from Brazil for the past fifty years have sapped hundreds of billions of dollars from the Brazilian economy, says a new study released this week by Washington DC-based non-profit research company Global Financial Integrity (GFI). The report, which was funded by a grant […]

Inflation Increases in August Due to Air Travel, Housing: Daily

Inflation Increases in August Due to Air Travel, Housing: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The inflation rate in Brazil, according to the IBGE (Brazilian Statistics Bureau) rose again in August, after registering its lowest rate in almost four years in July. The IPCA (Consumer Price Index) registered an increase from 0.1 percent in July to 0.25 percent in August. […]

Rousseff and Silva Tied for Presidential Elections: Daily

Rousseff and Silva Tied for Presidential Elections: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The results of two opinion polls released on Wednesday show that President Dilma Rousseff and presidential candidate Marina Silva are technically tied in first place for October’s Presidential Elections. The latest poll released by IBOPE shows President Rousseff of the PT (Workers Party) with 37 […]

Roche Pays US$8.3 Billion for Biotech Company, InterMune

Roche Pays US$8.3 Billion for Biotech Company, InterMune

By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – Roche, a large global pharmaceutical company, paid a high premium in the full takeover of American, InterMune. This is the latest move for Roche in an attempt to generate a potential US$1 billion gain in the treatment of respiratory disorders sector, the world’s largest drug […]

Marina Silva Candidacy Shakes Up Brazil Presidential Elections

Marina Silva Candidacy Shakes Up Brazil Presidential Elections

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The untimely death last week of presidential hopeful, Eduardo Campos, from the PSB (Socialist Party) has shaken up this year’s presidential election just seven weeks before the first round of voting – scheduled for October 5th. The replacement of Campos by his running mate, Marina […]

Series of Short Films Cast Light on Forced Labor in Brazil

Series of Short Films Cast Light on Forced Labor in Brazil

By Kate Rintoul, Contributing Reporter RIO DE JANEIRO, BRAZIL — Although the Brazilian government has been reducing forced labor in the country since 1995, extreme exploitation of workers still exists and has become more concentrated in urban areas, with 1,068 people freed from slave-like working conditions in the country’s cities last year. A new series […]

Health Ministry’s Drug Program Celebrates 10-Year Anniversary

Health Ministry’s Drug Program Celebrates 10-Year Anniversary

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – News of people dying while waiting for care in Brazil’s public hospitals is not uncommon and most health analysts agree that Brazil’s Health System is extremely deficient. Many in the field, however, praise the country’s Farmacia Popular (Popular Pharmacy) and its Saúde Não Tem Preço […]

Petrobras Forecasts Hike in Production, Exports and Prices

Petrobras Forecasts Hike in Production, Exports and Prices

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite continuing to set records for oil production in the past few months, net profits for Brazil’s giant oil conglomerate, Petrobras, plunged 25 percent, to R$10.3 billion in the first semester of 2014 in comparison to the same period last year. In both June and […]

Brazil Inflation Rate Drops with Decrease in Travel: Daily

Brazil Inflation Rate Drops with Decrease in Travel: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As expected, airline tariffs and hotel costs registered a downward trend after the end of the World Cup, leading to a decline in Brazil’s inflation rate for July, according to the IBGE (Brazilian Statistics Bureau). The IPCA (Consumer Price Index) registered a decline from 0.4 […]

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