Even Without Rain São Paulo Cantareira Water Supply Rises
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – Despite recent rain in Rio de Janeiro state, water levels remain critically low in the Southeast of Brazil. However the level of the Cantareira System, the largest supply source of the metropolitan region of São Paulo, reached the 21st consecutive day high. Even without rain […]
Former Petrobras CEO Testifies Before Brazilian Congress
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s former Petrobras CEO, Maria das Graças Foster, told a Congressional committee on Thursday (March 26th) that she felt ashamed about the widespread corruption scandal that has engulfed one of the country’s largest companies, but reiterated that she knew nothing about the bribes-for-contracts scheme. During […]
Brazil’s 2014 GDP Surprises Officials and Grows
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s 2014 Gross Domestic Product results surprised government officials by growing 0.1 percent last year and totaling R$5.2 trillion (approximately US$1.7 trillion), according to the IBGE (Brazil’s Statistics Bureau). Earlier this week Brazil’s Central Bank had forecast a retraction of the GDP by 0.1 percent […]
Brazil Beat France 3-1 in International Friendly in Paris
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian national football (soccer) team took home a convincing victory in last night’s friendly game against the French national side in Paris. The Brazilian goals were scored by Oscar, Luiz Gustavo and once more Neymar. The French national team opened the score with a […]
Controversy Over Olympic Golf Course Continues in Rio
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – Controversies about the construction of the Olympic golf course, part of which lies in an environmentally protected area in Barra da Tijuca, continue to spark amid a presentation of Rio’s Prefeitura (city hall) of the new course on Wednesday, March 25th, where details about the […]
Foster the People and Bastille in Rio on March 27th
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Before they play as part of the São Paulo Lollapalooza music festival lineup on March 28th and March 29th, Amercian indie pop trio Foster the People and English rock band Bastille will perform live at Rio de Janeiro’s Citibank Hall on Friday, March 27th. […]
Consumer Confidence in Brazil Falls to Historic Levels
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The latest consumer confidence survey in Brazil by the Instituto Brasileiro de Economia – IBRE (Brazilian Institute of Economy) at the Fundação Getulio Vargas Institute shows that the Consumer Confidence Index (CCI) retreated by 2.9 percent from February to March, going from 85.4 to 82.9 […]
Lollapalooza’s Best EDM Acts in Rio on March 26th
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Skrillex, Major Lazer, and Dillon Francis will perform live at Estação Leopoldina in Centro on Thursday, March 26th. Arguably at height of their respective careers, the three well known electronic dance music (EDM) acts will perform here in Rio de Janeiro before going on […]
First Michelin Guide to be Published for Rio and São Paulo
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – The traditional high-end restaurant and hotel guide series by French tire manufacturer Michelin has announced its first guide book in South America to be about Rio de Janeiro and São Paulo. However, none of the restaurants in the two cities has reached the highest grade […]
Inflation Rate May Top Eight Percent in Brazil in 2015
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Financial analysts have increased forecasts for the annual inflation in Brazil for 2015 to 8.12 percent, according to the latest Focus Survey, released by the Central Bank. The previous survey forecast annual inflation at 7.93 percent. This is the first time this year that inflation […]
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