from Photographers' Blog:

The end of a dream

March 26, 2013

Rio de Janeiro, Brazil

By Sergio Moraes

The historic building known as the Brazilian Indian Museum, located next to Rio’s even more famous Maracana soccer stadium, was donated to the Brazilian government by the Duke of Saxe in 1865. The Duke’s intention was to create a center for research into the Indian cultures, but by 1910 it had become a center for the protection of Indians, the predecessor of what is today known as the National Indian Foundation, or FUNAI.

from MacroScope:

Investors call for interest rate hike in Brazil

March 21, 2013

Two analyses published this week highlight how alarmed investors are about inflation in Brazil.

from Photographers' Blog:

A recycling hero

March 21, 2013

Santana do Parnaiba, Brazil

By Paulo Whitaker

Today's Brazil is synonymous with great promise, as the country of the future with tremendous economic potential. But in terms of our care for the environment, we are far from being a global example.

from Global Investing:

Using sterling to buy emerging markets

March 20, 2013

Sterling looks likely to be one of this year's big G10 currency casualties (the other being  yen).  Having lost 7 percent against the dollar and 5.5 percent to the euro so far this year on fear of a British triple-dip recession, sterling probably has further to fall.  (see here for my colleague Anirban Nag's take on sterling's outlook).

from Breakingviews:

Which banker’s services are worth $1 billion?

By Christopher Swann
March 11, 2013

By Christopher Swann and Jeffrey Goldfarb
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

from MacroScope:

Quickening Brazil inflation tops forecasts for 8 straight months

March 11, 2013

Brazil inflation jumped above expectations in February, despite a steep cut in electricity rates. It was not the first time, though; inflation has been running higher than consensus forecasts since July, considering the market view one month before the data release:

from Global Investing:

Here comes the real

March 11, 2013

Inflation is finally biting Brazilian policymakers. The real strengthened around 1.5 percent last week without triggering the usual shrill outcries from government ministers. Nor did the central bank intervene in the currency market even though the real is the best performing emerging currency this year. The bank in fact shifted towards a more hawkish policy stance during its March meeting, a move that seems to have had the blessing of the government.

from Global Investing:

Emerging Policy-”Full stop” in Poland but a start in Mexico?

March 8, 2013

An action-packed week for emerging monetary policy.

First we had Poland stunning markets with a half-point rate cut when only 25 bps was priced. Governor Marek Belka said the double-cut marked a "full stop"  after several cuts.  Then came Brazil which kept rates on hold at 7.25 but turned hawkish after spending over 18 months in dovish mode. (Rates stayed on hold in Indonesia and Malaysia).

from The Great Debate:

With Chavez gone, what of ‘Chavismo’?

By Michael Shifter
March 7, 2013

“The End of the Chávez Era” That was the headline on Colombia’s major newspaper, El Tiempo, the day after Hugo Chávez’s death.

from Photographers' Blog:

Rio from above

March 5, 2013

Rio de Janeiro, Brazil

By Ricardo Moraes

Flying over Rio is always incredible. Seeing my city from the sky reveals its beauty from new angles.