Richard Mann
Richard Mann is a German native and has worked as a freelance journalist for many years. He travels all over Brazil and is mainly interested in business, art, and culture and also likes to write articles about spiritual topics and unusual events.
Defense investments strengthen the economy and generate jobs, says Lula
Yesterday, the President of Brazil, Luiz Inácio Lula da Silva, defended investments in Defense, assuring that they strengthen the economy and help generate jobs.
During...
Brazil’s Central Bank maintains interest rate at 13.75% per annum for the fifth consecutive time
The Monetary Policy Committee (Copom) of the Central Bank decided on Wednesday, in its second meeting of the year, to maintain the Selic basic...
Brazilian Central Bank is expected to leave interest rate at 13.75% after Copom meeting on Wednesday
The Central Bank's Monetary Policy Committee (Copom) is expected to maintain the introductory interest rate, the Selic, at 13.75% per year at its second...
Brazilian President calls for the automotive industry to produce more in the country and import fewer vehicles
Brazilian President Luiz Inácio Lula da Silva said yesterday that he wants the automotive industry, one of the leading industries in the country and...
Economics Nobel Prize winner says that Brazil’s interest rate is equivalent to a death penalty
The Columbia University professor and winner of the Nobel Prize in Economics in 2011, Joseph Stiglitz, said on Monday (20) that the interest rate...
UBS and Credit Suisse merge into giant larger than Deutsche Bank
UBS Group, Switzerland's largest bank, announced on Sunday (19) that it has agreed to buy Credit Suisse for US$3.24 billion. The combined companies will...
Will UBS take over Credit Suisse for a mere US$1 billion or will the crisis bank be nationalized?
The possible standing takeover of Credit Suisse by UBS is getting closer. According to a Financial Times (FT) report, UBS is offering "up to"...
UBS in talks to acquire Credit Suisse
Credit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest bank in a bid to...
Mercosur and European Union express in Brazil their desire to accelerate talks and reach trade agreement
Mercosur and the European Union today expressed their willingness to accelerate negotiations and close the trade agreement they have been seeking for more than...
Brazilian government lowers GDP growth forecast for this year and raises inflation forecast
The Brazilian Government lowered yesterday, Friday, the Gross Domestic Product (GDP) growth forecast for this year from 2.1% to 1.61% and raised it for...
Bitcoin accumulated a gain of almost 32% in 7 days and targets US$27,000 as risk assets improve
On the last business day of the week, bitcoin (BTC) reached a new high for the year, at US$26,891, and may still break today...
Brazil’s Ibovespa closes high for the first time after six negative days
The Ibovespa, the main index of the Brazilian Stock Exchange (B3), ended the trading session on Thursday, 16, recording the first high after six...
U.S. banks team up to rescue First Republic Bank with US$30 billion
U.S. financial institutions teamed up on Thursday (16) to rescue First Republic Bank with US$30 billion, they announced in a joint statement.
Bank of America,...
Argentina’s Central Bank increases interest rate by 300 basis points to 78%
The entity informed in a statement that the Central Bank of Argentina (BCRA) decided yesterday, Thursday, to increase the reference interest rate by 300...