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 […]

Brazil Petroleum Production Sets Record in June: Daily

Brazil Petroleum Production Sets Record in June: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Oil production in Brazil set a record in June, totaling 2.79 million barrels of BOE (barrel of oil equivalent), according to data from the ANP (National Petroleum Agency). The volume is 2.6 percent greater than that registered in May of 2014 and 6.9 percent higher […]

U.S. Visa Delays Change Some Brazilian Travel Plans

U.S. Visa Delays Change Some Brazilian Travel Plans

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Late last week the United States issued a statement saying it was having problems in its worldwide visa processing system and that delays were expected. During the first six months of 2014 more than half a million visas were issued to Brazilian nationals and foreigners […]

Brazil’s Trade Balance Registers Surplus in July: Daily

Brazil’s Trade Balance Registers Surplus in July: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The trade balance in Brazil registered a surplus of US$1.575 billion in July, according to the MDIC (Brazil’s Ministry of Development, Industry and Foreign Trade). The country’s trade balance registered a volume of US$23 billion in exports and US$21.45 billion in imports. Daily averages sold […]

Brazil’s Mantega Downplays Argentina’s Default Status: Daily

Brazil’s Mantega Downplays Argentina’s Default Status: Daily

By Lise Alves, Senior Contributing Report SÃO PAULO, BRAZIL – The finance minister for Brazil, Guido Mantega, stated on Thursday that the impacts of Argentina’s latest financial woes on the Brazilian economy are likely to be almost null. Argentina is seen as defaulting on the billion-dollar debt after days of negotiations broke down on Wednesday […]

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