Easy Brazil Investing

Tag: corruption

  • Brazilian stock index Ibovespa closes at record high

    Even after advancing more than 10% in October, the Ibovespa started the month of November going up, giving signs that it still has the breath to seek new levels. And the first barrier has already been broken: with this Thursday’s performance (November 1), the index renewed its intraday and closing highs. At the best moment…

  • Fitch keeps the Brazilian credit rating at BB, with negative outlook

    Fitch Ratings reinforced Brazil’s credit rating on ‘BB’, with a negative outlook. That is, with the possibility of the classification being revised downwards in the future.According to the agency, the country’s ratings is limited by the structural weaknesses in public finances and high government debt, weak growth prospects and weaker governance indicators than the country’s…

  • EWZ: Ibovespa has its best semester since 2009 and US$ drops 18.6% versus the Brazilian Real

    Brazilian’s most traded stock ETF in the US, EWZ soared 46.5% in the same 6 months: In the beginning of the year, the perspective for the Brazilian market was not good with the country in recession and inflation sky rocketing. However, in the middle of February, the inflection started fueled by a global recover in…

  • Brazil Bull Who Got It Right in 2002 Says This Time No Different

    The selloff punishing Brazilian markets in recent months isn’t fazing Jerome Booth. He’s seen it before and says just like then, it’s way overdone.Yes, Brazil has serious problems. The country’s “a mess,” he says, with a massive corruption investigation at state-run oil company Petroleo Brasileiro SA, a worsening fiscal outlook, the steepest recession in 25…

  • Brazilian Antitrust Council Investigates 15 Foreign Financial Institutions for FOREX Manipulation

    Brazilian antitrust council, CADE (Administrative Council for Economic Defense), opened an administrative process to investigate alleged cartel consisting of 15 foreign financial institutions in order to manipulate the foreign exchange market. It is the first antitrust case in Brazil for manipulating rates in the financial market. Some of these banks have been investigated for the…

  • After the Merge with BG, Shell will have 20% of its Global Production in Brazil

    Responsible for the biggest oil industry M&A deal in the past decade, the president of Royal Dutch Shell, Ben van Beurden, does not rule out increasing the company’s exposure in Brazil, expanding the already billionaire investment program that will be put in place following the merger with BG. After the merger of $ 70 billion…

  • Historical Moment for Brazil!

    Brazilian supreme court has mandated the immediate imprisonment of eleven politicians involved in curruption during the government Lula. First of all, this topic should not be used by other parties for political purposes. The ones that are mostly celebrating the sentence, PSDB supporters, should remember that the CPI (parlamentary investigation) has determined that the mensalão has…