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By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The federal government of Brazil announced yesterday (Thursday, May 31st) cuts of R$1.2 billion in social programs, infrastructure, incentives for exporters and maintenance of federal highways to cover the...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - With the truckers' strike currently gripping Brazil reaching its seventh day, over the weekend, Mayor of Angra dos Reis, Fernando Jordão, declared a state of emergency for the city. "I...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Truck drivers across Brazil plan to block for the second day major highways across the country to protest the rising fuel prices. The Brazilian Truck Drivers Association (ABCAM) argues...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The National Consumer Price Index (IPCA) in Brazil rose by 0.14 percent in April, according to the IBGE (Brazilian Statistics Bureau). This is far lower than the 0.25 percent registered...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the objective of stimulating free competition and attracting foreign investments in the oil and gas sector, the Brazilian government launched the 'Fuel Brazil' initiative on Monday (February 20th). “It...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s inflation in the first half of October registered the lowest growth rate since the first fifteen days of October of 2009. The IPCA-15 inflation index, which measures inflation from...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s retail sales closed the month of August in negative territory, with a decline of 0.6 percent in volume and -0.5 percent in revenues, compared to July, according to data...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The IPCA (Consumer Price Index) in Brazil rose by 0.54 percent in September, according to the IBGE (Brazilian Statistics Bureau) more than double the inflation rate seen in the month...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This week the government announced it had authorized the increase of gasoline and diesel fuel prices at Petrobras’ refineries. The price increase will vary from four percent for diesel to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Firefighters continue to combat a fire which has engulfed at least four large fuel tanks at the Port of Santos in São Paulo, saying that containment of the flames may...
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