Losses of R$2 Billion/Week Expected During São Paulo State Quarantine
The cost of bringing the state of São Paulo to a total standstill may cost R$2 billion per week, according...
March 23, 2020Topic
Business
Brazil’s Ambitious Plan to Privatize Over US$36 Billion in Assets
SÃO PAULO, BRAZIL – The Ministry of Economy announced on Tuesday, January 14th, that the government intends to sell about...
January 19, 2020
Dollar Exchange Rate Surges in Brazil But Central Bank Remains Calm
This week the exchange rate between the Brazilian real and the US dollar surged, with the Brazilian currency falling by...
November 21, 2019
Brazilian Real Devalues Further Despite Central Bank Intervention
Not even the auctions announced by Brazil’s Central Bank (BC) on Friday night, after markets had closed, managed to hold...
May 21, 2019
Brazil’s Economic Growth Forecast Falls For the Eighth Consecutive Time
Financial institutions in Brazil reduced on Monday the country’s economic growth forecast for the eighth consecutive time this year, showed...
April 23, 2019
Brazil Announces R$500 Million Credit Line to Truckers to Avoid Strike
Brazil’s Development Bank (BNDES) announced it is opening up a R$500 million credit line for independent truckers while the federal...
April 17, 2019
Vale Workers at Brumadinho Want R$5 Billion in Compensation
Representatives of workers who were victims of the break of the Feijão Dam, in Brumadinho, Minas Gerais, owned by mining...
April 12, 2019
Petrobras Backs Down on Price Increase
Hours after posting the increase in diesel fuel prices on its website, Brazil’s oil giant, Petrobras, reversed its decision, stating...
April 12, 2019
March Inflation in Brazil is the Highest in 4 Years
Brazil’s Consumer Price Index (IPCA) increased by 0.75 percent in March, according to a report released on Wednesday by the...
April 11, 2019