While speaking at separate events Monday, Brazil’s finance minister and central bank president explained that fiscal reform is necessary to pull it out of its worst recession. With the economy forecast to shrink 3.4% this […]
Brazil’s central bank voted unanimously to reduce its benchmark interest rate from 14.25% to 14%, the first drop in four years. “The committee considers that the convergence of inflation toward the target in 2017 and […]
The Brazilian Senate has voted 61-20 in an impeachment trial to remove President Dilma Rousseff, saying she has manipulated the budget to hide economic problems. Rousseff says that her removal is a parliamentary coup and […]
Despite Brazil’s multitude of challenges, its markets have become some of the best worldwide for investors. The MSCI Brazil stock index has risen 60% this year, making it the best performer among the 165 country […]
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