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Tag: Cut

By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – After eleven rounds of negotiations, bank employees from most institutions decided to suspend the 31-day-old strike on Thursday, October 6th, and go back to work already on Friday, October 7th....
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – The nationwide strike by bank employees in Brazil entered its thirtieth day on Tuesday, October 4th, with both sides refusing to revise their positions. The strike is the longest in...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – A nationwide strike by bank employees in Brazil entered its 24th day on Thursday, September 29th, with negotiations halted as neither side has retracted from their demands. The strike is...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – A nationwide bank strike in Brazil entered its sixteenth day on Thursday, with no end to the negotiations in sight. With almost 14,000 branches and forty administrative centers closed, strikers...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – In a surprising move, the Brazilian Central Bank’s Monetary Policy Committee (COPOM) decided to leave the benchmark interest rate (Selic) unchanged. This is the fourth consecutive time the rate has...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – Thousands of pro-government backers took to the streets on Friday in Brazil to show their support for President Dilma Rousseff’s administration as well as state-owned oil giant Petrobras. Marches entitled...
By Ben Tavener, Senior Contributing ReporterSÃO PAULO, BRAZIL – The price of the cesta básica – the “basic basket” of essential foodstuffs – has gone up in all but two cities in the most recent monthly survey by the...
By Anna Fitzpatrick, Contributing ReporterSÃO PAULO, BRAZIL - Head of the Brazilian Central Bank Alexandre Tombini, indicated yesterday it will continue with its policy of gradually cutting interest rates, despite fears over inflation. The readjustment comes in light of the contraction...

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