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 [...]
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 [...]
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 [...]
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 [...]
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) [...]
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 [...]
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, [...]
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 [...]
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 [...]
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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