Although Smaller, Nationwide Protests Continue in Brazil

Although Smaller, Nationwide Protests Continue in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – An ocean of yellow and green shirts swept through Avenida Paulista, one of São Paulo’s most famous avenues on Sunday, April 12th, calling for change and protesting against corruption and the Rousseff administration. The scene was repeated in hundreds of cities across Brazil, and although […]

Protests Expected in 500 Cities Throughout Brazil Today

Protests Expected in 500 Cities Throughout Brazil Today

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Hundreds of thousands of people are expected to protest today throughout Brazil against corruption and the government of Dilma Rousseff. Protests have been scheduled for at least 500 cities, including major urban centers such as São Paulo, which according to military police gathered more than […]

SP-Arte, São Paulo’s Major Annual Art Show is Open This Weekend

SP-Arte, São Paulo’s Major Annual Art Show is Open This Weekend

By Georgia Grimond, Contributing Reporter SÃO PAULO, BRAZIL – Latin America’s leading art fair, SP-Arte, is happening this weekend in the Oscar Niemeyer-designed Bienal Pavilion in São Paulo’s Ibirapuera park. The event hosts over 140 modern and contemporary art galleries from around the world, with eighty from Brazil alone. Open to the public, SP-Arte runs […]

First 100 Days of Brazil President Rousseff’s Second Term in Office

First 100 Days of Brazil President Rousseff’s Second Term in Office

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President of Brazil Dilma Rousseff marked her first 100 days of her second term as the country’s leader struggling to maintain political and economic control. After an extremely tight presidential race in October of 2014, Rousseff has been losing popularity and support from both the […]

Brazil’s BNDES to Disburse US$19.4 Billion for Infrastructure

Brazil’s BNDES to Disburse US$19.4 Billion for Infrastructure

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Social and Economic Development Bank, BNDES, announced this week it would allocate approximately R$60 billion (around US$19.4 billion) from a total of R$170 billion (approximately US$55 billion) of disbursements planned for 2015 towards the infrastructure sector. The volume of disbursements for the sector, forty […]

Brazil’s Inflation Soars with Higher Energy Bills

Brazil’s Inflation Soars with Higher Energy Bills

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s IPCA (Consumer Price Index) for the month of March registered an increase of 1.32 percent, according to the IBGE Statistics Bureau, the highest inflation growth rate since February of 2003. For the last twelve months inflation has risen by 8.2 percent, well over the […]

Latin America Expected to Grow Less in 2015

Latin America Expected to Grow Less in 2015

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The latest report from the United Nation agency ECLAC (Economic Commission for Latin America and the Caribbean) shows a downward revision of its economic growth projection for the regional Gross Domestic Product (GDP), to only a 1.0 percent increase in 2015. The latest forecast is […]

Partial Closure After Six Days of Fire at Brazil’s Santos Port

Partial Closure After Six Days of Fire at Brazil’s Santos Port

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – For the sixth day, firefighters in Santos are combating a fire that has engulfed a fuel storage terminal at the Santos Port, one of Latin America’s largest ports. The fire has already consumed at least six tanks of gasoline and ethanol fuel from the Ultracargo […]

Tax Scandal May Cost Brazil Billions in Revenues

Tax Scandal May Cost Brazil Billions in Revenues

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the country still reeling from the corruption scandal in one of its largest and most important companies, oil giant Petrobras, Brazilians are now faced with a new financial scandal, this time occurring in a government agency (CARF) responsible for fines levied by Brazil’s Internal […]

Fire at Ultracargo Terminal at Santos Port in São Paulo

Fire at Ultracargo Terminal at Santos Port in São Paulo

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Firefighters continue to combat a fire which has engulfed at least four large fuel tanks at the Port of Santos in São Paulo, saying that containment of the flames may take days. According to officials, it is impossible for firefighters to put out the fire […]