Brazil Seeks Closer Trade Ties with U.S., European Union

Brazil Seeks Closer Trade Ties with U.S., European Union

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – During the next four years Brazil will work toward strengthening its commercial ties with the United States, expanding its accords with Mercosur partners as well as finalizing trade agreements with Central and South American countries such as Mexico, Peru, Colombia and Chile, stated the new […]

Brazil Discusses Foreign Capital Participation in Airports

Brazil Discusses Foreign Capital Participation in Airports

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Foreign capital participation in the concessions of federally owned airports is being discussed by the Secretaria de Aviação Civil – SAC (Civil Aviation Secretary) but a final decision on the matter is likely to take some time, according to Brazil’s new Civil Aviation Minister, Eliseu […]

Brazil’s New Finance Minister Faces First Challenges

Brazil’s New Finance Minister Faces First Challenges

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Joaquim Levy took over as Brazil’s new Finance Minister on Monday, January 5th, and announced that balancing public accounts is an essential condition for the country’s sustainable development and social economic growth. However, with the current economic state of the country, this will not be […]

Brazil’s Rousseff Sworn in Promising Priority to Education

Brazil’s Rousseff Sworn in Promising Priority to Education

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President Dilma Rousseff was sworn in on Thursday, January 1st, for a second term in office promising to make education her administration’s number one priority during the next four years. Among the foreign dignitaries at hand were the presidents of Uruguay (Jose Mujica), Bolivia (Evo […]

Rousseff Completes Cabinet Nominations for Second Term

Rousseff Completes Cabinet Nominations for Second Term

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian President Dilma Rousseff announced Wednesday, December 31st, the last fourteen names of her cabinet for her second term in office. The only new appointment in this last announcement will be Mauro Luiz Iecker Vieira, who starting January 1st, will head the Foreign Relations Ministry. […]

Brazil’s São Silvestre Race Dominated by Ethiopians

Brazil’s São Silvestre Race Dominated by Ethiopians

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –Ethiopians secured first place at the podium in both the men’s and women’s races at this year’s Corrida Internacional de São Silvestre (San Silvestre International Race) in São Paulo city Wednesday, December 31st. The fifteen-kilometer race (9.3 miles) through the streets of São Paulo on New […]

President Rousseff Announces More Cabinet Members in Brazil

President Rousseff Announces More Cabinet Members in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian President Dilma Rousseff announced on Monday, December 29th, seven more new cabinet members who will help her during her second term in office. Among the nominations announced yesterday are Transport Minister Antonio Carlos Rodrigues, Agrarian Development Minister Patrus Ananias and Social Security Minister Carlos […]

Brazil’s Public Accounts Down, Lower Primary Surplus Target

Brazil’s Public Accounts Down, Lower Primary Surplus Target

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The consolidated public sector accounts in Brazil registered the worst primary deficit result for the month of November since 2001, with a deficit of R$8.1 billion, announced Brazil’s Central Bank (CB) on Monday, December 29th. At the beginning of December the country’s primary surplus target […]

Tax Exemptions in Brazil Affect Federal Revenues for 2014

Tax Exemptions in Brazil Affect Federal Revenues for 2014

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Tax exemptions and reductions given by the Brazilian government to major industry sectors were greatly responsible for the significant decline in federal revenues from January to November which in turn affected public accounts, says Brazil’s Receita Federal (Federal Revenue Service). According to news agency, Agencia […]

Brazil’s Petrobras May See Its Rating Downgraded

Brazil’s Petrobras May See Its Rating Downgraded

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – One of the most important risk classification companies in the world, Moody’s Investors Service has placed Petrobras S.A.’s global foreign currency and local currency debt ratings on review for a possible downgrade. This would be the second time Petrobras’ debt ratings was downgraded by Moody’s […]