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Tag: Economy

RIO DE JANEIRO, BRAZIL - The novel coronavirus pandemic has sharpened the decline in profitability of Brazilian companies to its lowest level since 2009. The profitability rate is even lower than the cost of capital, which represents the cost of...
SÃO PAULO, BRAZIL – After weeks of public bickering over how to handle the Covid-19 pandemic, Brazil's President Jair Bolsonaro finally fired the country’s Health Minister, Luiz Henrique Mandetta, on Thursday afternoon, April 16th. Bolsonaro announced as his replacement...
SÃO PAULO, BRAZIL – The Ministry of Economy announced on Tuesday, January 14th, that the government intends to sell about 300 public assets in 2020, bringing in over US$36 billion. The assets include state-owned companies, such as Eletrobras, subsidiaries...
SÃO PAULO, BRAZIL – Less than two months after announcing that a trade deal between Mercosur (Brazil, Argentina, Uruguay, and Paraguay) and the European Union had finally been reached, Brazilian officials announced last week that a U.S.-Brazil bilateral free-trade...
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to Brazilian state oil firm Petrobras in which around US$ 701 million (700 million...
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil is home to eight of Latin America's most innovative firms, according to the "The state of innovation in Latin America," a report published by the Visa Innovation Center. This is largely...
By Richard Mann, Contributing Reporter SÃO PAULO, BRAZIL - A new subway station has opened in the South Zone of São Paulo.  Campo Belo of Line 5-Lilás is the last of the eleven stations that make up the line connecting...
By Jack Arnhold, Contributing Reporter RIO DE JANEIRO, BRAZIL – Alberto Ramos, head of the Latin America Economic Research team in the Global Investment Research Division of Goldman Sachs, has called for an "ambitious reform agenda" in order to unlock...
By Richard Mann - Contributing Reporter RIO DE JANEIRO, BRAZIL - Fábula Confecção e Comércio de Roupas was found to be outsourcing the manufacture of A.Brand and Animale clothing to three workshops in São Paulo that kept Bolivians in slavery-like...

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