U.S. Dollar Closes at Lowest Value in Two Months in Brazil
The possibility of a new Congressional voting session on repatriation of assets and the increase in international oil prices influenced...
October 14, 2016
Brazil’s President Temer Travels to Asia for Summit
Leader hopes to attract foreign investors to Brazil by visiting India and Japan as well as participating in the 8th...
October 13, 2016
End of Petrobras Quota Divides Outlook on Brazil Economy
Some say easing participation requirement will attract more foreign investors while others claim Brazil will be giving away its oil...
October 13, 2016
Rio’s Security Secretary Resigns Amidst Surge in Violence
Beltrame headed the state's security for 10 years and was responsible for the implementation of the Police Pacifying Units in...
October 12, 2016
Brazil’s BNDES Cuts US$4.7 Billion from Lava Jato Companies
Suspended payments involve projects operated by large construction and engineering firms linked to the Lava Jato corruption scandal.
October 12, 2016
Shootout Spills into Copacabana Shocking Rio de Janeiro
The intense gunfire which left three men were dead and three police officers wounded forced shops and schools in the...
October 11, 2016
Petrobras Second in Brazil Market Value at R$211 Billion
Despite corruption allegations, financial woes and the decline of oil prices, the oil giant is only behind beverage multinational, Ambev,...
October 11, 2016
Brazil Aims to Approve Limit on Federal Spending
The Constitutional amendment calls for federal spending to be limited to a ceiling of the previous year's budget, adjusted by...
October 10, 2016
Petrobras Requirement Removed in Brazil’s Pre-Salt Exploration
Congressional decision outraged many who say Brazil would be giving away its petroleum to foreign companies.
October 7, 2016