Tag: Bovespa Index

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the current political turbulence in Brasilia, Brazil’s main stock market, the Bovespa Index (IBOVESPA), registered a record volume for the second day in a row on Tuesday, closing a...

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The announcement of a nine and a half year jail term for former president, Luiz Inácio Lula da Silva stirred financial markets on Wednesday, with the U.S. dollar plummeting against...

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The extremely turbulent day on Wednesday, with Brazil’s Speaker of the Lower House accepting the request for the start of impeachment proceedings against President Dilma Rousseff did not affect significantly...

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The surprising outcome of Sunday’s presidential elections, with Aecio Neves of the PSDB (Social Democracy Party) winning more than 33 percent of the votes and making it to the second...