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The current capital of Brazil, since its construction in 1960, is Brasília. Rio de Janeiro was the country's capital between 1763 and 1960. The city of Salvador served as the seat for the Portuguese colonial administration in Brazil for its first two centuries and is usually called the "first capital of Brazil." [1]
The foundation stone of Brasília, Centennial Hill, erected in 1922 to celebrate the 100th anniversary of Brazil's independence. Brazil's first capital was Salvador; in 1763 Rio de Janeiro became Brazil's capital and remained so until 1960.
Brazil, [b] officially the Federative Republic of Brazil, [c] is the largest and easternmost country in South America. It is the world's fifth-largest country by area and the seventh largest by population, with over 203 million people. The country is a federation composed of 26 states and a Federal District, which hosts the capital, Brasília.
BRASILIA (Reuters) -Brazil's central bank on Wednesday raised interest rates by 50 basis points, in line with prevailing market expectations, and signaled another increase coming in the world's ...
Benefiting from the federal capital position it had for a long period (1763–1960), the city became a dynamic administrative, financial, commercial and cultural center. Rio de Janeiro became an attractive place for companies to locate when it was the capital of Brazil, as important sectors of society and of the government were present in the city.
Highbridge Capital Management, which is owned by J.P. Morgan Asset Management (), said it will buy a majority interest in Brazilian hedge fund Gavea Investimentos.Gavea has $6 billion under ...
Brazil, officially the Federative Republic of Brazil, is the largest and easternmost country in South America. It is the world's fifth-largest country by area and the seventh largest by population, with over 203 million people. The country is a federation composed of 26 states and a Federal District, which hosts the capital, Brasília.
SAO PAULO (Reuters) -Brazil's President Luiz Inacio Lula da Silva said on Monday that there is no explanation for keeping the country's benchmark interest rate at the current 11.25% level apart ...