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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the current political turbulence in Brasilia, Brazil’s main stock market, the Bovespa Index (IBOVESPA), registered a record volume for the second day in a row on Tuesday, closing a...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The U.S. dollar surged by 7.9 percent against the Brazilian real, as the country’s main stock market plummeted 8.8 percent on Thursday with the aftermath of the secret recordings showing...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Yesterday (Wednesday, May 11th) in anticipation of the Brazilian senate's vote to continue with the impeachment process of President Dilma Rousseff, the Brazilian real currency closed stronger to the U.S....
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...
By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian real reached its lowest point in four years last week as disappointing first quarter financial results indicated sluggish economic growth and prompted the Brazilian Central Bank...
By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian state-controlled oil and gas giant Petrobras has said it will keep its promise to invest R$97.7 billion (US$48 billion) in petroleum and natural gas exploration and production in...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The dollar ended with a fall of 0.67 percent on Thursday, after closing high five sessions in a row. However, it still closed relatively high against the Brazilian Real,...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Ibovespa or Bovespa Index, São Paulo Stock Exchange’s main index, has continued its steady uphill climb, pushing through the 61,000-point mark yesterday for the first time since July...
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