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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 SÃO PAULO, BRAZIL - The Gross Domestic Product (GDP) in Brazil will grow by 0.4 percent this year, according to forecasts by the Economic Commission for Latin America and the Caribbean (ECLAC). The United...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although still very dependent on inflation behavior and economic activity in the months ahead, Brazil’s Central Bank (CB) has indicated that it plans to continue to cut aggressively the country’s...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Violent confrontations were once again seen on Tuesday after Brazil’s Senate approved a bill which will limit government’s spending for the next twenty years, by 53 votes against 16. Despite...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The projection of financial institutions in Brazil for inflation, measured by the National Index of Consumer Price (IPCA) this year was adjusted from 7.04 percent to 7.06 percent according to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The new finance minister of Brazil, Henrique Meirelles, announced Tuesday morning the appointment of Ilan Goldfajn as the new Central Bank president as part of the government’s plan to revamp...
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