Brazil to Register Record Grain Production Year Despite Drought

Brazil to Register Record Grain Production Year Despite Drought

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil should register a record crop harvest in 2015, according to the IBGE (Brazilian Statistics Bureau), despite the severe drought faced by the Southeastern region of the country this year. The first estimate released on Tuesday by the IBGE for 2015 calls for a harvest […]

Critics Say ENEM is Not Evaluation of Education in Brazil

Critics Say ENEM is Not Evaluation of Education in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This past weekend 6.3 million people took the Exame Nacional do Ensino Medio (National High School Exam). The annual two-day exam, known as the ENEM, tested the candidates’ knowledge of the sciences, math, social sciences, Portuguese and a foreign language. This year 8.72 million registered […]

Inflation Increases Less in October Due to Food, Transport

Inflation Increases Less in October Due to Food, Transport

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The consumer prices (IPCA) in Brazil rose by 0.42 percent in October according to the IBGE (Brazilian Statistics Bureau). The rate is less than that registered in September and October of 2013, when both registered an inflation rate of 0.57 percent. According to Eulina Nunes […]

Real Estate Price Growth in Rio, São Paulo Continues to Fall

Real Estate Price Growth in Rio, São Paulo Continues to Fall

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The price increase per square meter of residential and commercial real estate in São Paulo and Rio de Janeiro registered a decline for the eleventh consecutive month in October, the lowest increase since 2008, according to the FipeZap Index, one of the main sources for […]

Petrobras Increases Prices of Gasoline, Diesel Fuel at Refineries

Petrobras Increases Prices of Gasoline, Diesel Fuel at Refineries

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras announced Thursday afternoon an increase in gasoline and diesel prices. According to the state-controlled petroleum giant prices of gasoline at refineries increased by three percent, while prices of diesel oil went up by five percent. The increases went into effect at midnight on Friday, […]

Defeated Candidate Aecio Neves Reclaims Senate Seat

Defeated Candidate Aecio Neves Reclaims Senate Seat

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Defeated presidential candidate Aecio Neves of the PSDB (Social Democracy Party) returned to Congress on Tuesday to reclaim his senator’s seat, pledging to be a strong opposition force in the Senate and demand that President Dilma Rousseff keep her campaign promises. “I will lead a […]

Brazil’s October Trade Balance is Worst in 16 Years

Brazil’s October Trade Balance is Worst in 16 Years

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The trade balance in Brazil registered its worst result for the month of October in sixteen years, according the MDIC (Ministry of Development, Industry and Foreign Trade), with imports surpassing exports by US$1.17 billion. According to the MDIC, in October, Brazil exported US$18.3 billion, reduction […]

Violence, Death Leads Bus Drivers to Strike in São Paulo

Violence, Death Leads Bus Drivers to Strike in São Paulo

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A wave of violence including the torching of hundreds of city buses and the killing of a driver has led Sindmotoristas (Motorists and Workers of the Urban Road Transport Union) to announce the interruption of bus service in São Paulo city on Wednesday, November 5th […]

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 […]