EMerging Equity
Dilma Rousseff
Brazil’s Easy-Money Problem
By Lucas Vaz Brazil is undergoing what is considered its worst economic crisis in seventy years, and there is usually no agreement when it comes to the causes of this situation. President Rousseff and the Labor Party say that it was the corollary of the “International Crisis,” a ghost of the 2008 depression created in their … Continue reading
Carnival Cancellation Highlights Brazil’s Woes
By Klisman Murati, Global Risk Insights Following the unwelcome news that Brazil is cancelling its popular carnival, GRI takes a look at what the Brazilian people can expect for their country in 2016 and what changes Brasília need to make to increase investor confidence. 2016 hasn’t started off well for the arts and culture scene. … Continue reading
Brazil Is Poised For Its Worst Recession Since 1901, Economists Say
Brazil is in the midst of a “perfect storm” with severe factors both on the domestic front amid a political crisis, high inflation, fiscal issues, sovereign downgrades, and fleeing investment; but also from severe factors from abroad as oil and commodity prices continue to plunge, growth in China slows, and as the U.S. Federal Reserve hiked interest rates for the first time in nearly a decade … Continue reading
What To Expect In Latin America In 2016
By Daniel Lemaitre Economic decline in dominant industries, worsening security in major urban centers, and high profile corruption accusations will continue to hinder development in Latin America in 2016. In the Latin American context, 2015 can be catalogued as a year of political renovation. The United States and Cuba officially restarted bilateral diplomatic relations; Guatemala … Continue reading
Downgrade Points To Continued Brazil Underperformance
By Marc Chandler, Marc to Market Blog (from my colleague Dr. Win Thin) Fitch’s downgrade on Wednesday is a stark reminder that Brazil continues to suffer from a toxic mix of high inflation, recession, low commodity prices, and heightened political uncertainty. Because we see no end in sight for these negative factors, we believe Brazil assets will … Continue reading
Brazilian ETFs See Inflows After Impeachment Talks
By James Eugene Brazilian-focused exchange traded funds (ETFs) have recorded relatively large amounts of inflows after talks of Dilma Rousseff’s impeachment advanced. According to data compiled by Bloomberg, the iShares MSCI Brazil Capped ETF enjoyed inflows of just over $94 million so far this month, approximately 4.7% of its market capitalisation. The iShares Ibovespa, … Continue reading
The End Appears Near For Brazil’s Rousseff
By María Teresa Romero Until very recently, most Brazilians may not have thought that the massive protests, corruption scandals, and economic crisis would lead to an early exit from President Dilma Rousseff. However, the events of the last few weeks suggest it is a growing possibility. Both she and former President Luiz Inácio Lula Da Silva, … Continue reading
From Bad To Worse: Brazilian ETFs Begin To Close
By James Eugene With the Brazilian economy already in turmoil – including economic stagnation, social unrest and record disapproval rates for the incumbent President Dilma Rousseff – the Latin American giant is about to be dealt another blow: the liquidation of two ETFs: The Global X Brazil Financials ETF (BRAF) and The EGShares Brazil Infrastructure ETF (BRXX). … Continue reading
In Brazil, The Risk Of Impeachment For Rousseff Looms Large
By Stratfor Global Intelligence The ongoing corruption scandal at state-owned energy firm Petroleo Brasileiro, or Petrobras, could pose a real political risk to Brazilian President Dilma Rousseff, particularly as Brazil’s economic conditions worsen. The ruling Workers’ Party will have to cope with a stagnating, if not declining, economy for at least two more years, dwindling … Continue reading
Brazil’s Credit Rating Cut To Junk Status By Standard & Poor’s
“US rating agency Standard & Poor’s downgraded Brazil’s credit rating to junk status on Wednesday, pointing to political turmoil in the country and the government’s failure to pull the economy out of recession,” RT reports. According to the news provider: … the rating agency warned about a possible downgrade less than two months ago, the move … Continue reading
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