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01/23/17 Uber invests R$200m in tech support center in Brazil

Transportation services company Uber has announced a multimillion-dollar investment in the launch of a new facility that will provide technical support to its customers and drivers in Brazil. A R$200m ($63m) boost to the...

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01/23/17 After Davos, Meirelles believes in further growth for Brazil

Finance Minister attended the World Economic Forum in Switzerland and felt that reforms made by the government generated "great interest" from international investors. The "great interest" shown by international investors during...

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01/20/17 Brazil: A look into Latin America’s largest startup ecosystem

In September 2012, Forbes published a lengthy feature heralding Brazil’s arrival as “one of the most entrepreneurial countries in the world.” At the time, the South American giant had been powering through a global recession,...

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01/20/17 Kirin mulling sale of Brazilian beer business

Japanese beer maker Kirin Holdings Co. Ltd. (2503.TO) said Friday that it is mulling the sale of its money-losing beer business in Brazil to others, including Heineken. "We are considering a strategic alliance with other...

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01/19/17 Brazil real strengthens as central bank increases intervention

The Brazilian real strengthened on Thursday after the central bank increased market intervention to support the currency. The central bank sold $750 million worth of traditional currency swaps, which function like dollar sales...

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01/19/17 Brazil says not worried about strong dollar as rate cuts intensify

Brazil is not concerned about a strong dollar as prospects of an economic recovery and higher commodity prices have helped support the local currency, Finance Minister Henrique Meirelles and central bank governor Ilan Goldfajn...

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01/18/17 Faturamento do franchising brasileiro atinge R$ 150 bilhões em 2016

O faturamento do franchising brasileiro chegou a R$ 150 bilhões no ano passado – um crescimento de 8% em relação a 2015 –, segundo dados divulgados ontem pela Associação Brasileira de Franchising (ABF). Os dados são de um...

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01/18/17 Uber to invest more than $60 million in Sao Paulo support center

Ride-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais ($62 million) and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's...

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01/17/17 Protectionism is good for no-one: Brazil finance minister

"Protectionism, at the end of the day, is good for no-one," Brazilian Finance Minister, Henrique Meirelles, told CNBC on Monday in Davos, Switzerland, reflecting on whether President-elect Donald Trump's promises to rip up trade...

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01/17/17 Brazil a 'cornucopia of possibilities' in spite of political upheaval, rate cuts

Brazil's turbulent 2016 — in which the country played host to a troubled Olympics as corruption scandals swirled around impeached President Dilma Rousseff and her successor, Michel Temer — would normally be enough to scare off...

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01/17/17 Brazil IT spend set to grow in 2017

The Brazilian IT industry is predicted to grow by 3.3 percent and generate revenues of R$76,1 million ($23,4 million) in 2017, according to an annual trends survey by Brazilian analyst firm IT4CIO. The survey on technology...

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01/17/17 Brazilian coffee output fall in 2017 'may keep prices firm'

A retreat in Brazilian production this year "may keep coffee prices firm", Cepea said, flagging expectations that the drop in output may be as much as 20-30%. The research institute said that while Brazil and Colombian output is...

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01/17/17 Brazilian Real ETF (BZF) Hits New 52-Week High

For investors seeking momentum, WisdomTree Brazilian Real Strategy Fund BZF is probably on their radar now. The fund just hit a 52-week high and is up roughly 46.5% from its 52-week low price of $12.09/share. But are more gains...

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01/13/17 Market forecasts 2.3% GDP growth for 2018

The financial market is projecting a sharp increase in GDP growth for the country next year. Data from the Focus bulletin, released on Monday (9) by the Central Bank shows that analysts have reversed predictions and are now...

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01/13/17 Retail sales grow 2%, breaks series of downturns

Retail trade has begun showing stronger signs of recovery. Sales increased by 2% from October to November, interrupting four straight months of decline in the indicator. The result is also the best for a month of November since...

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01/13/17 How to Spend 10 Days Traveling in Rio de Janeiro

Like a lot of places, ten days is not enough to experience all that Rio de Janeiro has to offer. Yet with some planning and good weather, it is possible to hit the highlights and still not have to rush too much. The first thing...

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01/12/17 Brazil surprises with aggressive rate cut to rescue economy

Brazil surprised markets with a larger-than-expected interest rate cut on Wednesday, as the worst recession in Brazilian history threatens to stretch into a third year. In a unanimous vote, the central bank's nine-member monetary...

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01/12/17 DRY WEATHER SPEEDS UP SOYBEAN HARVEST IN BRAZIL

Long queues of trucks loaded with soybeans have been forming in front of elevators in the heart of Brazil's grain belt this week, a sure sign the harvest is speeding up and will soon pour an expected record volume of the oilseed...

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01/12/17 Brazil Announces Recovery Agreement for Rio de Janeiro

Finance Minister Henrique Meirelles announced today that the federal government will make an agreement with the government of Rio de Janeiro for the state’s fiscal recovery. Without detailing the specifics of the plan, Meirelles...

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01/11/17 Temer and Brazilians put faith in economic revival

A series of horrific prison riots have got 2017 off to a miserable start for Michel Temer, the Brazilian president installed by congress last year in the hope that he would set the country’s collapsing economy back on a path to...

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