Brasil

Benzinga recently spoke with IguanaFix’s Matias Recchia. The co-founder and CEO of one of the most successful startups in Latin America discussed the challenges of building a successful business in the region; of servicing large-caps like Anheuser Busch Inbev NV (ADR) (NYSE: BUD), Starbucks...

IguanaFix is one of the most successful start-ups in Latin America, currently functioning in Argentina, Brazil and Mexico, the three largest markets in the region. The company operates a site and mobile app that connects customers with certified handymen-and-women, electricians, plumbers, painters...

As the Brazil Olympics creeps around the corner, researchers are struggling to figure how much of a risk the Games might pose in spreading the Zika virus around the world. The Games As many as 200,000 Americans are expected to travel to Rio de Janeiro for the Olympics in August, a New York Times...

According to data released Friday by the Brazilian Institute of Geography and Statistics (IBGE), the IPCA-15 consumer price index in Brazil rose 0.86 percent in the first half of May, marking the highest May inflation rate in 20 years. Analysts were anticipating a 0.75 to 0.77 percent surge for the...

In Monday morning’s PreMarket Prep, Jamie Anderson, managing principle of Tierra Funds, discussed the Tierra XP Latin America Real Estate ETF (NYSE: LARE) and whether or not investors should be buying Brazil. Brazil is currently in the middle of its longest recession in 80 years, and its...

Last Friday, Brazilian President Dilma Rousseff’s impeachment looked like a sure thing after a Senate committee recommended a trial for the infringement of budget laws. This left the head state one step away from being suspended and replaced by Vice President Michel Temer. Related Link:...

The impeachment of Brazilian President Dilma Rousseff seems more tangible than ever, after a Senate committee recommended a trial for the infringement of budget laws, using funds from public banks to cover deficits in other areas. Now, all that's left is the full Senate's vote next week,...

As the Brazilian real depreciated and corruption scandals linked high level government officials – many of which have been arrested – to massive bribery cases at state-controlled oil company Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) (NYSE: PBR-A), Brazil’s crisis seemed...

Shares of Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) have gained 50 percent since last Monday, and almost 10 percent on Friday alone. Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR-A) shares have surged even higher, as they rose more than 56 percent over the week. In fact, many oil...

Continuing with a trend, the Brazilian Real had yet another very interesting week. After falling on Monday, recuperating on Tuesday and Wednesday, declining again on Thursday, and, once again surging on Friday, the currency closed the week up 0.91 percent. Friday saw the Real appreciate 1...

The Brazilian real fell about 1.68 percent, below 4 reais per U.S. dollar on Tuesday, setting a new record for an all-time low. The North American currency continued to gain strength versus emerging market currencies like the Indonesian rupiah. The Sao Paulo Stock Exchange and U.S.-listed...

Last week was particularly turbulent for Brazil: the real lost 6.7 percent, while the Sao Paulo Stock Exchange fell roughly 1.4 percent. Year-to-date, the currency is down more than 30 percent, mainly driven by concerns over the Fed rate hike and the sluggishness in the Chinese economy. Both...

Benzinga has been following the saga of the Brazilian Real over the past few days. On Wednesday, the currency hit its lowest point since 2002, closing at 0.2661 U.S. dollars. On Thursday, the notes continued to fall, with the U.S. Dollar being sold at 3.803 reals -- its highest price in 13...

The Brazilian real continues to plummet. After losing 1.752 percent on Wednesday, the currency hit its lowest point since 2002. A real is now 0.2658 U.S. dollars, and 1 U.S. dollar equates to 3.7598 reals. The Sao Paulo Stock Exchange, which fell considerably on Tuesday, was up 1.95 percent on...