Tag: Finance

RIO DE JANEIRO, BRAZIL - In 2019 Luksic focused on Paraguay, where it agreed on the acquisition of 50% of Gasur SRL's shares, in a strategic alliance with the Cartes Group headed by Paraguay's former president (2013-2018) Horacio Cartes. The...
RIO DE JANEIRO, BRAZIL -Frubana, an e-commerce startup for restaurants, wants to accelerate its expansion and plans to open over 300 jobs in the next 12 months. In early June, the company announced a US$65 million (around R$351 million) investment...
RIO DE JANEIRO, BRAZIL - This year has it all to hit records in the Brazilian innovation ecosystem. Between January and May alone, startups raised US$3.2 billion in investments, which represents 90% of what was invested through all of...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - As Brazil's divisive 2018 election draws near, the country's financial markets surged on Tuesday, October 2nd, on the back of reports that support for controversial right-wing presidential candidate Jair Bolsonaro...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Conselho Deliberativo do Fundo de Amparo ao Trabalhador (CODEFAT, Deliberative Council of the Worker Support Fund) approved yesterday (May 9th) the creation of a $5 billion line of credit...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - At the crescendo of negative news about the Latin American giant and BRICS member, some savvy investors are realizing the 'Brazil is for sale', and there may be no better...
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A spokesperson for Rio de Janeiro Governor Sérgio Cabral said over the weekend that Police Pacification Unit (UPP) projects are not in jeopardy following last week's announcement that millionaire...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – After celebrating becoming the world’s sixth largest economy and relegating the UK to the number seven spot at the end of 2011, Brazil’s economy has slid back to its previous...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – The 2012 growth forecast for the Brazilian economy has been cut for the third consecutive week by market analysts, falling dramatically from the previous estimate of 1.5 percent to just 1.27...

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