Brazil

Brazil
Thursday, September 22nd 2016 - 15:40 UTC

Rousseff back on the political trail in defence of Lula da Silva

“Brazil is going through a very difficult moment. A process is underway that is systematically breaking the constitution,” Rousseff told supporters at a rally

Former President Dilma Rousseff called the prosecution of her predecessor on corruption charges another attack on Brazil's democracy, speaking just weeks after the Senate removed her from office in an impeachment trial.

Thursday, September 22nd 2016 - 15:38 UTC

Ex finance minister of Lula and Rousseff arrested in connection to Petrobras corruption

Mantega was arrested at a Sao Paulo hospital where his wife had undergone surgery, his lawyer Jose Roberto Batochio told the G1 online news outlet.

Brazilian police on Thursday arrested Guido Mantega, a former finance minister under presidents Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.However Brazilian Judge Sergio Moro later in the day revoked the temporary detention order citing Mantega's cooperation with a search of his home and his wife's surgery in a Sao Paulo hospital.

Wednesday, September 21st 2016 - 09:42 UTC

Lula must stand trial on Petrobras probe corruption charges

Judge Sergio Mora said that federal prosecutors showed “just cause” to allow the charges against Lula, his wife, and six other defendants to go forward.

The Brazilian judge overseeing the investigation of a US$2 billion corruption scheme centered on state oil company Petrobras ruled Tuesday that former President Luiz Inacio Lula da Silva must stand trial on charges arising from the probe.

Wednesday, September 21st 2016 - 09:25 UTC

Temer hails the triumph of democracy and pledges fiscal and social responsibility

The Brazilian president said that the impeachment took place “with the most absolute respect of the constitutional order.”

Brazil's new president, Michel Temer, told the United Nations on Tuesday that his controversial ascent showed the triumph of democracy. Temer took office on August 31 after the impeachment over accounting irregularities of elected president Dilma Rousseff, whose supporters said Brazil's right-wing forces had staged a bloodless coup.

Tuesday, September 20th 2016 - 11:14 UTC

Temer's message to UN: peace, human rights and economic reforms

Minister Serra said Temer’s speech should include messages of “peace, human rights, and sustainable development”, plus investments

Twenty days after being confirmed as Brazil’s new president, Michel Temer will deliver his first international speech at the UN´s General Assembly on Tuesday. He is not expected to mention recent political changes in Brazil, and focus rather on new opportunities for foreign investors.

Tuesday, September 20th 2016 - 09:53 UTC

Brazil and Uruguay agree on a Mercosur with “a greater open integration”

“The meeting was positive and we agreed with president Temer that Uruguay will continue as coordinator of Mercosur trade talks with the EU” Vazquez was quoted

President Tabare Vazquez confirmed on Monday that Uruguay will continue as “coordinator” of discussions between Mercosur and the European Union to reach a wide ranging trade agreement.

Monday, September 19th 2016 - 06:44 UTC

Mercosur controversy moves to New York; Temer-Vazquez to address differences

The Vazquez administration has tried by all means to prevent fifth full member Venezuela from being ousted of Mercosur

The Mercosur controversy has moved to New York far away from the spotlights of regional media, since the presidents of the four founding members are scheduled to address the UN General Assembly this week, and are expected to hold a series of meetings on the sidelines of the major global event.

Friday, September 16th 2016 - 08:25 UTC

Argentina (and Brazil) optimistic about a Mercosur/EU trade accord by the end of 2017

“It's an opportunity for Mercosur since none of the founding members is going to allow political problems to interfere with trade policy” said minister Braun

The current critical situation of Mercosur is an opportunity to strengthen and advance trade negotiations, which could include the long delayed accord with the European Union by the end of 2017, according to Argentina's Secretary of Commerce, Miguel Braun.

Friday, September 16th 2016 - 06:55 UTC

Lula claims corruption charges are targeted to destroy him ahead of 2018 elections

“Like a soap opera intrigue, they created an epilogue: they elected Temer, removed Dilma from office... and now they want to destroy Lula's political life”

Brazil's former president Lula da Silva defended himself against corruption charges Thursday, saying the case against him was an attempt to destroy him politically ahead of elections in 2018.Speaking a day after prosecutors accused him of masterminding a massive corruption scheme at state oil company Petrobras, the popular leader launched a wide-ranging defense of his career and legacy.

Tuesday, September 13th 2016 - 19:56 UTC

Brazil launches ambitious program to auction off oil, power and infrastructure concessions

Temer's administration is selling assets and pushing for unpopular austerity reforms to prop fiscal accounts that has cost Brazil its investment-grade rating.

Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.

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