The Brazilian Real reached on Tuesday its weakest level against the dollar in more than 10 years, amid concern the country’s political and economic situation is growing worse.
Brazil's top prosecutor Rodrigo Janot asked the Supreme Court on Tuesday to open an investigation into 54 politicians who allegedly benefited from a multibillion-dollar kickback scheme at state-run oil company Petrobras a Supreme Court spokesperson said on Tuesday.
Striking truck drivers resumed some roadblocks in Brazil on Monday even as the government cracked down on protesters and promised to implement a law to lower toll costs and give other benefits to the transport sector.
By Federico Coronado - Argentina's team prepares for this coming weekend's clash against Brazil. Statement of unity with controversial choice of words for tie versus sporting arch-rivals. Del Potro still not fit, will be there to assist teammates, anyway.
Brazil's utilities were granted an average special rate hike of 23.4% to cover the costs of a energy subsidy program that the government of President Dilma Rousseff has decided to stop funding directly, the country's electrical energy system regulator said on Friday, as reported by Folha de Sao Paulo.
A Brazilian judge says he has ordered the suspension of the globally popular instant messaging system WhatsApp across the country because it has allegedly failed to help in an investigation.
Workers at a General Motors Co car factory in Brazil ended a six-day strike on Thursday after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry.
The Brazilian government will start fining truckers as a strike in its ninth day threatens Latin America’s largest economy with food and fuel shortages. According to a report from Folha de Sao Paulo, the police will fine drivers who block highways as much as 10,000 Reais (3,470 dollars) per hour, Justice Minister Jose Eduardo Cardozo told reporters in Brasilia.
The Brazilian government told truckers and transport companies late Wednesday it would extend a year of free financing for vehicles and pass a law that would benefit the sector if protesters ended a crippling strike now in its eighth day.
Brazilian President Dilma Rousseff on Wednesday said credit rating agency Moody's Investors Service downgraded state-controlled oil giant Petrobras' debt to junk-bond territory due to ignorance of the company's situation.