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Dollar Strong Against Brazilian Real: Daily

By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The dollar ended with a fall of 0.67 percent on Thursday, after closing high five sessions in a row. However, it still closed relatively high against the Brazilian Real, at R$1.91. The main Stock Exchange index in São Paulo, Brazil’s economic powerhouse – the Bovespa [...]

UFC’s The Ultimate Fighter in Brazil

By Esmee Verbeek, Contributing Reporter RIO DE JANEIRO, BRAZIL – A Brazilian version of “The Ultimate Fighter”, a reality show created in 2005 by UFC, started Sunday, March 25th, airing on TV Globo every Sunday, Thursday and Saturday night. It is the first version of the show beyond U.S. borders and Brazil was chosen for [...]

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Petrobrás with Foster as New President

By Laura Madden, Contributing Reporter RIO DE JANEIRO, BRAZIL – New Petrobrás CEO Maria das Graças Foster was sworn in yesterday (February 13th) as president of Petrobrás, promising an administration based on dialogue and continuity “without forgetting for a moment” issues of operational safety and environmental. She also highlighted the fact that the first woman [...]

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Petrobras Pre-Salt Oil Spill Contained: Daily

By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A public investigation in underway after an incident at a deepwater oil field run by Brazilian oil giant Petrobras in the Santos Basin, some 250km (155 miles) to the north of São Paulo state, led to some 160 barrels of crude oil being released [...]

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The Curmudgeon in Praise of Paraguay

Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – Fernando Lugo, Paraguay’s President, who (because he used to be a Jesuit Priest?) is much craftier than both La Presidenta (Argentina) and El Presidente for Life (Venezuela), came to São Paulo a few years ago, had his cancer treatment, is back in his home country and (apparently) [...]

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Police Retake Favela in SP State: Daily

By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – Some 2,000 soldiers from the Polícia Militar (Military Police, PM) took part in an operation on Sunday to recapture a favela area illegally set up on private land in the area known as Pinheirinho in São José dos Campos – a town some 60 miles [...]

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Ibovespa’s Steady Gains in Brazil: Daily

By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Ibovespa or Bovespa Index, São Paulo Stock Exchange’s main index, has continued its steady uphill climb, pushing through the 61,000-point mark yesterday for the first time since July 2011. By close of business yesterday, the index had risen 1.78 percent on Tuesday’s figure, [...]

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The São Paulo State Oil Industry

By Anna Fitzpatrick, Contributing Reporter SÃO PAULO, BRAZIL – With an oil leak off the Brazilian coast and tense negotiations over state oil royalties, the deep sea “pre-salt” oil discoveries have shown that it is not just the state of Rio de Janeiro that will have rewards and consequences. Although the spotlight has been on [...]

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The Favela Policy in São Paulo

By Anna Fitzpatrick, Contributing Reporter SÃO PAULO, BRAZIL – With the eyes of the world on Rocinha for the past week, many in Brazil are now also looking at what’s going on in the favela communities in the country’s biggest city, São Paulo. Not only does SP have the largest number of favelas, it also [...]

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A Weekend Hiking in Itatiaia, Brazil

By Anna Fitzpatrick, Contributing Reporter SÃO PAULO, BRAZIL – Between the states of Rio de Janeiro, São Paulo and Minas Gerais, lies the Itatiaia region. If a hike in breathtaking scenery and challenging climbs are your idea of a good time, then take heart that it is a reachable weekend destination from both Rio and [...]

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