Major Policy Shifts in Next Rousseff Term Unlikely

Major Policy Shifts in Next Rousseff Term Unlikely

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President Dilma Rousseff’s narrow victory in last Sunday’s presidential elections has reduced the hopes of economic analysts that in the next four years the government will produce the economic policy reforms Brazil needs to restore investor confidence and resume economic growth. “Growth in Ms. Rousseff’s […]

Brazil’s Central Bank Increases Interest Rate

Brazil’s Central Bank Increases Interest Rate

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In a surprising move Brazil’s Central Bank (CB) Copom (Monetary Policy Committee) increased the Selic (benchmark interest rate) by 25 basis points to 11.25 percent on Wednesday afternoon, taking the rate to its highest level since November 2011. The last time the Copom increased the […]

Challenges Faced by Brazil’s Rousseff in 2nd Term

Challenges Faced by Brazil’s Rousseff in 2nd Term

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The incumbent President of Brazil, Dilma Rousseff, won Sunday’s election by a very small margin, leading some political analysts to believe that she will have a difficult time in approving in Congress austerity reforms needed to restore international credibility while still trying to meet demands […]

Brazil’s Stock Market Tumbles With Rousseff Re-Election

Brazil’s Stock Market Tumbles With Rousseff Re-Election

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s stock market (Bovespa) tumbled on Monday, as the financial market reacted negatively to the re-election of incumbent president Dilma Rousseff on Sunday, falling by as much as 6.18 percent during the morning trading hours and closing down by 2.77 percent, at 50,503 points. “The […]

Dilma Rousseff Re-Elected as Brazil’s President

Dilma Rousseff Re-Elected as Brazil’s President

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Incumbent President Dilma Rousseff won re-election on Sunday by a straight margin over opposition candidate Aecio Neves. With 99.7 percent of votes counted Rousseff obtained 51.6 percent of the valid votes while Neves received 48.4 percent. According to the TSE (Brazil’s Electoral Court) twenty percent […]

Brazil’s Domestic Air Travel Increases in September

Brazil’s Domestic Air Travel Increases in September

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the disappointing numbers in air transportation traffic during the World Cup games in June and July, domestic air transportation demand in Brazil grew by 5.4 percent from January to September, according to ABEAR (Brazilian Association of Airline Companies). The association reports that in September […]

Presidential Race in Brazil is Still Too Close to Call

Presidential Race in Brazil is Still Too Close to Call

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Less than five days from presidential elections in Brazil, incumbent President, Dilma Rousseff, has edged her way to the lead, ahead of Aecio Neves, 47 percent to 43 percent of the total votes, according to polling company, Datafolha. On Monday another Datafolha poll showed Rousseff […]

Drought and Heat Hinder Brazil’s Daylight Saving Time

Drought and Heat Hinder Brazil’s Daylight Saving Time

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Due to the severe drought registered in parts of the Center-West and Southeastern regions of Brazil in the past few months, daylight saving time will not be as successful in reducing energy consumption levels as it did last year, say government officials. Savings estimates for […]

São Paulo May Run Out of Water in November

São Paulo May Run Out of Water in November

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Residents living in the largest city in South America, São Paulo, may run out of water by the end of next month, according to SABESP (São Paulo’s water utility company). SABESP registered on its website on Thursday that the main water reservoir for the city, […]

SP International Film Festival Honors Spain, Karmitz

SP International Film Festival Honors Spain, Karmitz

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The 38th edition of the SP International Film Festival starts today in São Paulo and during fourteen days 345 films will be shown in 35 venues around the city. This year’s festival will highlight productions from Spain and some of its directors as well as […]

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