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Tag: financial crisis

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Students from Rio de Janeiro’s State University (UERJ) prepared for the first day of classes on Tuesday received disappointing news on Monday night, as university officials announced that the start...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Mint of Brazil (CMB), which produces passports for the country, announced on Friday, July 21st, that the service will be reinstated after being suspended by the Federal Police (PF)...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –Rio de Janeiro’s already critical financial situation suffered another blow on Monday, November 7th, with the news that the federal government was freezing all of the state government’s bank accounts until...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - As a result of unpaid wages, the artistic body of the Municipal Theater of Rio de Janeiro suspended the rehearsals for their upcoming premieres. According to the Union of Workers...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The federal government in Brazil announced R$2.9 billion-worth in financial aid to Rio de Janeiro to help the state put on the 2016 Olympic and Paralympic Games. According to officials...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – On Friday, Rio de Janeiro’s acting governor, Francisco Dornelles, alarmed international media by declaring a financial emergency in the state. However Rio’s mayor, Eduardo Paes assured reporters on Sunday...
By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL - Brazilian businessmen are closely monitoring the financial crisis in Argentina, concerned with the effects that the crisis may have on Brazilian production and exports. Their concern is warranted: during the first...
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – After worries over inflation and a meager GDP outlook for 2013, Brazil’s economy is making headlines again, registering the highest trade deficit in the first seven months of 2013 since...
By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s stock exchange, the Bovespa, suffered a 22 percent loss in the first six months of this year, making it its worst semester since the financial crisis struck...

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