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 […]

Challenges Faced by Brazil’s Rousseff in 2nd Term

Challenges Faced by Brazil’s Rousseff in 2nd Term

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The incumbent President of Brazil, Dilma Rousseff, won Sunday’s election by a very small margin, leading some political analysts to believe that she will have a difficult time in approving in Congress austerity reforms needed to restore international credibility while still trying to meet demands […]

Brazil’s Stock Market Tumbles With Rousseff Re-Election

Brazil’s Stock Market Tumbles With Rousseff Re-Election

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s stock market (Bovespa) tumbled on Monday, as the financial market reacted negatively to the re-election of incumbent president Dilma Rousseff on Sunday, falling by as much as 6.18 percent during the morning trading hours and closing down by 2.77 percent, at 50,503 points. “The […]

Dilma Rousseff Re-Elected as Brazil’s President

Dilma Rousseff Re-Elected as Brazil’s President

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Incumbent President Dilma Rousseff won re-election on Sunday by a straight margin over opposition candidate Aecio Neves. With 99.7 percent of votes counted Rousseff obtained 51.6 percent of the valid votes while Neves received 48.4 percent. According to the TSE (Brazil’s Electoral Court) twenty percent […]