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Brazil’s Real Closes at R$3.23 to Dollar in 11-Month High

Brazilian stock market also rose, by 1.99 percent, while May’s primary deficit was the worst in fifteen years. By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Wednesday registered another day of optimism in the Brazilian financial market, with the stock market rising and the U.S. dollar depreciating against the local currency once again. The Brazilian bourse closed up… Read more →

Number of Defaulting Companies in Brazil Increased 11 Percent

The Northeast region showed the greatest increase in delinquent companies, 16.64 percent, although the report did not include the state of Sao Paulo. By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – After Brazil suffered its worst GDP decline in over 25 years, an increasing number of businesses are now starting to default on their debts. A survey released… Read more →