Brazil

Brazil
Saturday, May 30th 2015 - 09:46 UTC

Brazilian unions hold rallies in main cities to protest austerity measures

Protests were organized by a group of six labor confederations, including CUT, which is Brazil's largest and closely allied with the ruling Workers' Party

Brazilian unions held nationwide protests Friday against the federal government's austerity measures and a bill that would allow companies to outsource any part of their operations. unions held rallies in 23 of Brazil's 27 states to protest the outsourcing proposal and a separate bill that would restrict access to unemployment insurance, both of which are nearing full legislative approval.

Friday, May 29th 2015 - 08:45 UTC

Led by former star Romario, Brazilian Senate opens formal inquiry into country's football

Romario: “There's no other alternative. Either these guys all go to prison or they will continue sucking the blood out of Brazilian football until its death”

Brazilian police began investigating allegations of corruption in its soccer industry on Thursday, prompted by the arrests of top officials at world soccer body FIFA in a U.S. bribery probe. The country's Senate, led by former national soccer star Romario, who is now a prominent legislator, moved to open a formal inquiry into alleged bribes paid to obtain contracts with the Brazilian Soccer Federation (CBF).

Wednesday, May 27th 2015 - 04:53 UTC

Petrobras former director sentenced five years in prison for money laundering

Cervero was fired from Petrobras, in 2014 and arrested in January as he stepped off a plane from Europe.

A Brazilian judge has sentenced a former international director at the country's largest corporation and government managed Petrobras to five years in prison for money laundering, the second company executive convicted in an ongoing corruption probe.

Tuesday, May 26th 2015 - 06:44 UTC

Argentina invokes unity and rejects proposal for a more 'flexible' Mercosur

'What is best for Mercosur is unity, keeping united and deciding together, each of us deciding on their own is disunity, disunity will never benefit Mercosur'

Brazil and Uruguay's plan for a more 'flexible' Mercosur to speed negotiations for an encompassing long delayed trade agreement with the European Union have stumbled with the first official reaction from Argentina, which does not agree with the tariffs' proposals policy or individual trade initiatives from member countries.

Monday, May 25th 2015 - 08:00 UTC

Brazil/Uruguay expect Paraguay to join in speeding Mercosur/EU negotiations

“In June we will be receiving Paraguay's president Cartes, and most certainly we will be addressing issues related to Mercosur”, said Tabare Vazquez

Uruguay will be hosting Paraguayan president Horacio Cartes in early June when he is expected to confirm' his country's support to Uruguay and Brazil in their renewed approach to accelerate negotiations for the signing of a full cooperation and free trade agreement with the European Union, which were started fifteen years ago.

Monday, May 25th 2015 - 07:12 UTC

Iconic London 2012 Games symbol decorates Rio 2016 Olympics Park

The choice of Madureira Park as the “home” of the Olympic Rings complies with the Municipality’s concept of integrating the whole of Rio with the Games.

The most iconic symbol of the Olympic Games is decorating the city for the Rio 2016 Games. City Hall has installed giant Olympic Rings in Madureira Park, ahead of the largest sporting event in the world.

Sunday, May 24th 2015 - 08:02 UTC

President Rousseff to face criminal complaint over 'cosmetic' accounting

 PSDB president Aecio Neves and other leaders intend to send Brazil's General Prosecutor a petition accusing Rousseff of crimes related to public finances.

Brazil´s main opposition party plans to pursue a criminal complaint against President Dilma Rousseff for 'inventive' accounting that helped shore up the country´s fiscal results in recent years.

Saturday, May 23rd 2015 - 06:27 UTC

Brazil announces US$ 22.5bn spending cuts and confirms minister Levy

“This is a big effort that indicates the government willingness to meet our goal,” Planning Minister Nelson Barbosa told reporters in Brasilia.

Brazil finally announced its much expected budget resources reshuffle that will freeze 69.9 billion Reais (22.58 billion dollars) worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the country's investment-grade rating.

Friday, May 22nd 2015 - 08:16 UTC

Brazil heading for full recession: economic activity down, unemployment up

Economists expect Brazil's GDP to shrink 1.2% in 2015, the steepest decline in 25 years, according to a central bank poll on Monday.

Economic activity in Brazil tumbled in the first quarter and unemployment climbed to a near four-year high, adding to signals that a looming recession could worsen as President Dilma Rousseff reins in public spending.

Friday, May 22nd 2015 - 05:49 UTC

Brazil and Uruguay on an “urgent and necessary” redesign of Mercosur

Vazquez said it was necessary to grant member countries “certain degree of flexibility, so that those who wish can advance with other trade partners”

Uruguayan president Tabare Vazquez said it was “urgent and necessary” to redesign Mercosur so as to give its members greater 'trade flexibility'. Vazquez made the statements following Thursday meeting with his peer Dilma Rousseff in Brasilia and underlined “it would be naive to admit that Mercosur as it stands currently, is satisfactory”.

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