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?

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.

from MacroScope:

Self-inflicted ‘sudden stop’? Brazil blocked by its own currency war trench

February 25, 2013

In times of currency wars, it's best not to shoot yourself in the foot. By imposing several capital controls in the past years, Brazil might have tightened monetary policy right when the economy started to falter, Nomura's strategist Tony Volpon wrote in a research note on Friday.

from Photographers' Blog:

Carnival, from film to Paneikon

February 21, 2013

Rio de Janeiro, Brazil

By Sergio Moraes

I remember it as if it were yesterday. I was a staff photographer at the Isto É news magazine when I was assigned for the first time to cover the Carnival parade of samba schools. The year was 1986, and I was 24.