Tag: BRICS

By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s Banco Central (Central Bank, BC) has reduced its compulsory reserve requirements for the country’s banks, freeing up some R$30 billion (US$15 billion) of the R$380 billion (US$189 billion)...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The modest recovery seen in Brazil's economy could be jeopardized by the marked slowdown being witnessed in China, Brazil’s biggest importer, market experts have said. The warnings came after...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s Banco Central (Central Bank, BC) has revealed that foreign investors have dramatically reduced the amount of capital they are investing in Brazil: a forty percent drop has been registered...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – According to economists, political experts and business figures, the current blip in the Brazil’s financial progress will be short-lived, and booming growth will be back in the next few...
By Lucy Jordan, Contributing Reporter BRASÍLIA, BRAZIL - Wary of dependence on the dollar, Brazil and China on Thursday agreed to a R$60 billion currency swap, shoring up their economies and increasing liquidity in the wake of continued instability in...
By Lucy Jordan, Contributing Reporter BRASÍLIA, BRAZIL – President Dilma Rousseff arrived in Los Cabos, Mexico Sunday to attend the 7th G-20 Summit of the world’s leading economies, where the Eurozone crisis and its effect on global growth took...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – With the start of the UN’s biggest-ever event to promote sustainable development now clear on the horizon, the race is on for members to redouble efforts and agree on...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil received a record number of foreign tourists in 2011, according to figures released by the Ministry of Tourism. The number of foreigners increased 5.3 percent to over 5.43...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Out of the world’s five major high-growth economies – Brazil, China, India, Mexico and Russia – Brazil is ranked the most expensive country to do business in,...

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