Tag: Business

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Not even the auctions announced by Brazil’s Central Bank (BCB) on Friday night, after markets had closed, managed to hold the US currency’s appreciation in relation to the Brazilian real...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Financial institutions in Brazil reduced on Monday the country’s economic growth forecast for the eighth consecutive time this year, showed the Central Bank’s weekly Focus Survey. The estimate for this...
By Dorah Feliciano, Contributing Reporter BRASILIA, BRAZIL – The Brazilian Development Bank (BNDES) announced it is opening up a R$500 million credit line for independent truckers while the federal government declared it will invest R$2 billion for the construction, repair,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Representatives of Vale workers who were victims of the break of the Feijão Dam, in Brumadinho, Minas Gerais are filing a collective action against the mining company. According to lawyer...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Hours after posting the increase in diesel fuel prices on its website, Petrobras, Brazil's oil giant, reversed its decision, stating that it was "delaying the increase for a few days."...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil's Consumer Price Index (IPCA) increased by 0.75 percent in March, according to a report released yesterday by the Brazilian Statistics and Geography Institute (IBGE). The index was higher than...
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to Brazilian state oil firm Petrobras in which around US$ 701 million (700 million...
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil is home to eight of Latin America's most innovative firms, according to the "The state of innovation in Latin America," a report published by the Visa Innovation Center. This is largely...
By Richard Mann - Contributing Reporter RIO DE JANEIRO, BRAZIL - Fábula Confecção e Comércio de Roupas was found to be outsourcing the manufacture of A.Brand and Animale clothing to three workshops in São Paulo that kept Bolivians in slavery-like...
RIO DE JANEIRO, BRAZIL - After a period of strong recession, the real estate market in the Federal District (DF) is finally picking up. 2019 promises to be the best year in launches and new real sales for the...
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