Brazil Posts R$18.9 Billion Primary Surplus in January
To obtain the stellar surplus, however, the government significantly cut some of its most important social programs and investments.
February 24, 2017Topic
Business
Brazil Reduces Selic by Another 0.75 Percentage Points
Brazil's benchmark interest rate now stands at its lowest level in almost two years.
February 23, 2017
Brazilian Government Announces End of Recession
For Finance Minister, Henrique Meirelles, the government's austerity measures have brought back investor confidence and boosted the economy.
February 22, 2017
Brazil Campaigns for Foreign Investments in Oil Refining
The 'Fuel Brazil' initiative wants to create private-public partnerships in state-owned refineries and attract new private refineries to the country.
February 21, 2017
Cruise Ships Arriving in Rio Bring US$18 Million for Carnival 2017
From January-April, 2017, 93 vessels are scheduled to dock at Pier Mauá with 350,000 people and are expected to inject...
February 20, 2017
Brazil’s Carnival to Register Worst Revenues in Three Years
Rio de Janeiro is the state expected to register the greatest movement of resources, with an expected circulation of R$2.4...
February 17, 2017
Brazil Hopes FGTS Fund Will Inject R$30 Billion into Economy
Nearly 30.2 million workers are eligible to withdraw the amounts deposited in their inactive workers’ fund (FGTS).
February 16, 2017
U.S. Dollar Closes at Lowest Value in 19 Months in Brazil
Not even the possible decision by U.S. Fed to raise US interest rates helped the North American currency in Brazil...
February 15, 2017
Economic Crisis to Push 3.6 Million Brazilians Into Poverty
World Bank report shows that 'new poor' will come from urban areas and calls on Bolsa Familia welfare program to...
February 14, 2017