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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Wednesday registered another day of optimism in the Brazilian financial market, with the stock market rising and the U.S. dollar depreciating against the local currency once again. The Brazilian bourse...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Financial institutions in Brazil have increased for the sixth consecutive week their forecast for inflation in 2016, from 7.25 percent to 7.29 percent, according to the weekly Central Bank Focus...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Financial institutions have lowered for the fifth consecutive week their forecast for inflation in 2016, according to the weekly Central Bank Focus Survey. The survey, however, also showed the expectation...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The political turmoil faced by Brazil in the past week has led the foreign exchange rate to fluctuate significantly, with the U.S. dollar falling to its lowest rate in relation...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government is expected to announce this week a significant cut in the 2016 budget to try to balance public accounts. According to economists however, the reduction is not...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Wednesday saw the U.S. dollar fell below the R$4.00/US$1 level to its lowest rate of the year in relation to the Brazilian real and the country’s main stock market rise,...
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 – Brazil’s oil giant, Petrobras, registered a loss of R$3.759 billion during the third quarter of 2015. According to company officials the losses stem from the effects of the significant depreciation...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the recent strong depreciation of the Brazilian real in relation to the U.S. dollar, making the prices of Brazilian products more attractive abroad the South American country’s trade balance...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Not even an intervention by Brazil’s Central Bank to try to limit the further devaluation of the Brazilian real (BRL) halted the decline, as Brazil’s currency tumbled once again on...
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