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By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian real took another dive on Thursday against the U.S. dollar, with the North American currency registering an appreciation of 2.3 percent during the day and closing at...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian real registered another day of registered heightened volatility on Wednesday, with the U.S. dollar closing at its highest rate in almost two years. After surpassing the R$3.51/US$1...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s financial market registered heightened volatility on Thursday, December 1st, with the U.S. dollar closing at its highest rate since June against the Brazilian real and the São Paulo Stock...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The deteriorating economic situation in the country led many Brazilians to reduce their spending abroad in January, a traditional holiday month for Brazilian families. According to the Central Bank (CB)...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The number of companies in Brazil seeking judicial recovery in 2015 was the largest in the past ten years, according to data released by Serasa Experian, a credit and business...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian real was shaken once again on Thursday in relation to the U.S. dollar with Central Bank’s decision to maintain the country’s benchmark interest rate on Wednesday night at...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Estimates by financial analysts for Brazil’s Gross Domestic Product (GDP) growth rate in 2015 have deteriorated further, from a contraction of 2.01 percent at the beginning of August to 2.44...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The foreign exchange market reacted negatively on Tuesday, September 1st to the announcement by Brazil’s government that it was sending to Congress a budget bill for 2016 which forecast a...
By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – With the devaluation of the U.S. dollar in relation to the Brazilian real in April, Brazilian tourists spent more than US$2.34 billion abroad that month, announced the country’s Central Bank on...
By Laura Madden, Contributing Reporter RIO DE JANEIRO, BRAZIL - Non-financial businesses in Brazil recorded a combined financial loss of R$15.3 billion last year. That's R$11 billion more than the previous year's R$4 billion. In the second half of last...
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