Tag Archives: The Rio Times

The Rio Times – 2016 Olympics May Cost Us $700M More – 8 August 2013

The RioTimes

By Jack Whibley, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Monday, August 5th marked three years to go until the first Olympic Games to be held in South America will arrive in the city of Rio. Construction works on the Olympics’ main venues is reported to be on schedule, however a US$700 million budget shortfall has cast some concerns over the three year to go milestone.

Read more at : www.riotimesonline.com  / link to original article

The Rio Times – Ben Tavener – Brazil Threatens With Foreign Capital Tax – 22 September 2012

Brazil Finance Minister Guido Mantega, Brazil NewsBrazil Finance Minister Guido Mantega is a fierce opponent of Western countries’ quantitative easing programs, photo by Marcelo Camargo/ABr.

RIO DE JANEIRO, BRAZIL – Finance Minister Guido Mantega has chided Western central banks over money-printing and other stimulus measures, and warned that Brazil could impose taxes on speculative foreign capital to avoid its currency strengthening. Mantega reiterated his stance that Brazil would take “all necessary steps,” including “those adopted in the past” to prevent Brazil’s real from appreciating unduly. Continue reading