IBOV 208,991.95 ▲ 1.34% IPSA 11,073.17 ▲ 0.44% IPC MEX 64,986.91 ▲ 0.52% MERVAL 2,825,172 ▼ 0.26% COLCAP 2,536.78 ▲ 0.43% BVL PERÚ 59,610.00 ▲ 2.19% USD/BRL4.98▼ 0.79% USD/MXN18.42▲ 1.23% USD/CLP976.00▼ 0.30% USD/COP3,185▼ 1.89% USD/PEN3.43▼ 0.34% USD/ARS1,517— 0.00% USD/UYU40.21▲ 3.49% USD/PYG5,676▲ 0.52% USD/BOB11.77▲ 1.12% USD/DOP61.00▲ 1.33% USD/CRC450.81▲ 1.91% USD/GTQ7.64▲ 3.27% USD/HNL26.86▲ 3.27% USD/NIO36.62▲ 0.31% USD/VES873.46▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.74% EUR/BRL5.58▼ 0.66% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 208,991.95 ▲ 1.34% IPSA 11,073.17 ▲ 0.44% IPC MEX 64,986.91 ▲ 0.52% MERVAL 2,825,172 ▼ 0.26% COLCAP 2,536.78 ▲ 0.43% BVL PERÚ 59,610.00 ▲ 2.19% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Friday, October 9, 2026

G20, Booms and Bossa Nova

By · November 16, 2010 · 2 min read

Editorial

RIO DE JANEIRO, BRAZIL – Our front page story this week is about the G20 Summit in Seoul, South Korea this year. This international organization was established in 1999 and completely failed in their mission to stabilize global economics in recent years. After the international financial collapse in 2007, they started inviting Heads of State and meeting as a bi-annual Summit… but still haven’t managed to put a decent web site together.

Stone Korshak, Editor and Publisher of The Rio Times.
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Brazil was in the house, and Lula brought Rousseff along for her first international event as President Elect. When the Group of Twenty top financial thinkers of the world met for this last Summit on November 11-12th, the focused goals were: 1. Ensuring Ongoing Global Economic Recovery, 2. Framework for Strong, Sustainable, and Balanced Growth, 3. Strengthening the International Financial Regulatory System, and 4. Modernizing the International Financial Institutions.

Sounds good to me.

Back on earth, or at least the sands of Rio, we’ve been watching the oil boom, the real estate boom, and now there seems to be a boom of Chinese markets in Tijuca. Asians apparently make up just 0.5 percent of the Brazilian population, but in Rio’s Zona Norte neighborhood, local residents are noticing an increasing presence of Chinese businesses.

It may not be common knowledge, but it is also reported that Brazil has the largest population of Japanese outside of Japan, mostly in São Paulo. Coming from New York, there are noticeably less Asians on the streets, although no shortage of sushi restaurants. As a matter-of-fact (or speculation rather), they are opening another one where the beloved Irish Pub used to be, owned by Brazilians of course.

G20, Booms and Bossa Nova, and this last bit about the music genre was fun to cover under the context of Urca’s Club ZoZô Wednesday night shows, and to some extent TribOz in Glória (or “Old Lapa” as owner Mike Ryan insists). The term Bossa Nova, to me has been similar to Film Noir, an artistic phrase remaining elusively vague, yet prominent in the public consciousness.

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This doesn’t say much for my cultural refinement, but I’m happy as long as I know Águas de Março (Rains of March) and The Girl From Ipanema are Bossa Nova songs, and now I have a place to go to hear it played live.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

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