Brazil’s Rousseff Calls for Unity During PT Conference

Brazil’s Rousseff Calls for Unity During PT Conference

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – On Thursday, June 11th, Brazil’s ruling Workers’ Party (PT) opened its fifth conference in Salvador, Bahia, trying to garner optimism while plagued by plummeting popularity and widespread corruption scandals. Concerns about the divisions within the party have been so great that President Dilma Rousseff cut […]

Brazil May Waive Visa Requirements During Olympics

Brazil May Waive Visa Requirements During Olympics

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Talks are underway to lift tourist visa requirements for citizens from certain countries, starting with the United States, for next year’s Rio de Janeiro Olympic Summer Games. The announcement was made on Thursday (June 11th) by Tourism Minister Henrique Alves. According to the official the […]

Food and Energy Prices Keep Inflation High in Brazil

Food and Energy Prices Keep Inflation High in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The IPCA (Consumer Price Index) in Brazil rose by 0.74 percent in May, according to the IBGE (Brazilian Statistics Bureau) registering a slightly higher inflation than that registered in April (0.71 percent). The inflation rate now accumulates an increase of 5.34 percent in the first […]

Brazil Announces R$198 Billion Plan in Infrastructure

Brazil Announces R$198 Billion Plan in Infrastructure

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s government unveiled plans for investments of R$198.4 billion (US$64 billion) in the country’s infrastructure with the objective of boosting the nation’s ailing economy. The investment will focus on expanding and improving rail lines, airports, ports and highways, through privatizations. According to President Dilma Rousseff […]

Brazil Registers Lowest Vehicle Production in Ten Years

Brazil Registers Lowest Vehicle Production in Ten Years

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Automotive production in Brazil fell by 25.6 percent in May in comparison to the same month last year and by 3.4 percent in relation to April of 2015, according to data from Anfavea (National Automotive Manufacturing Association). The accumulated contraction from January to May is […]

Two Million Gather for Gay Pride Parade in São Paulo

Two Million Gather for Gay Pride Parade in São Paulo

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the slogan “I was born like this, I was raised like this, I will always be like this: Respect me”, hundreds of thousands of people took to the streets on Sunday in downtown São Paulo during the 19th Lesbian, Gay, Bisexual, and Transgender (LGBT) […]

Brazil Win Friendly Against Mexico With 2-0

Brazil Win Friendly Against Mexico With 2-0

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian national football (soccer) team won their first of two friendly games in preparation of the Copa America competition, which will take place in Chile from June 12th onward. The Seleção that fielded mainly a reserve team beat Mexico with 2-0 in the […]

Brazil to Expand Visa Concessions to Haitian Immigrants

Brazil to Expand Visa Concessions to Haitian Immigrants

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil Justice Minister, José Eduardo Cardozo, announced that the country would be expanding the concession of visas to Haitians who wish to immigrate to Brazil. The measure, according to Cardozo seeks to curb the number of Haitians victims of coyotes (those who transport people across […]

Interest Rates in Brazil Rise to 13.75 Percent

Interest Rates in Brazil Rise to 13.75 Percent

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian Central Bank’s Comitê de Política Monetária – Copom (Monetary Policy Committee) decided unanimously on Wednesday (June 3rd) to increase the country’s benchmark interest rate (Selic) by 0.5 percentage points from 13.25 percent to 13.75 percent per year. This is the sixth consecutive time the […]

Brazil Re-Directs Credit Towards Real Estate Sector

Brazil Re-Directs Credit Towards Real Estate Sector

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian National Monetary Council passed a resolution last week which will direct R$22.5 billion of reserve requirements towards farm and housing credit. The measure, say analysts, will help sectors such as the construction and real estate segments, which have been hit hard by the […]