The Brazilian government has not pressured state-run banks to free up credit and reduce their spread, but interest rates are likely to fall as the central bank's benchmark Selic rate continues to drop, state-controlled Banco do Brasil Chief Executive Officer Paulo Rogerio Caffarelli said.
According to the Swiss Public Prosecutor, Odebrecht regularly paid Brazilian politicians and political parties from secret accounts in Geneva. For every US$1 million that the company paid out to politicians, it earned back US$4 million in contracts.
Local police said in a statement on Thursday that Greece's ambassador to Brazil, Kyriakos Amiridis, has been last seen Monday night in Nova Iguacu, 40 kilometers northwest of Rio de Janeiro.
The Brazilian unit of French energy giant Total SA in Brazil, Total E&P do Brasil, plans annual investments of US$1 billion in Latin America’s largest economy, Valor Econômico quoted Maxime Rabilloud, who heads the Brazilian operation. Rabilloud said Total and Petrobras will keep in contact regarding the possibility of making other deals and forging future partnerships.
The plane crash that killed 71 people in Colombia last month, including players from Brazil's Chapecoense football team, was caused by human error, an investigation says. Colombian officials said there was no technical failure and blamed the pilot, the airline and Bolivian regulators. A recording had already indicated the aircraft had run out of fuel.
Brazilian oil company Petrobras plans to request part of the record anticorruption settlement that construction company Odebrecht SA signed earlier this week with Brazilian, U.S. and Swiss authorities. Petrobras has said it was the victim of the vast bid-rigging and kickbacks scheme that Odebrecht admitted to helping run.
Brazil's trade balance reached a surplus of US$ 45bn by the third week of December. The third week period recorded a US$ 864 million surplus from exports of US$ 3.969bn and imports of US$ 3.105bn. The result is far better than last year when the whole year surplus was US$ 19.69 billion.
The United Kingdom and Brazil announced the creation of the Anglo-Brazilian Business Dialogue, which aims to establish a bilateral business dialogue to address commercial and political issues affecting UK and Brazilian companies in their respective markets and to refer them to the upper echelons of both governments. This was achieved during the recent visit to Brazil of Liam Fox, British Secretary of State for International Trade
Brazilian President Michel Temer rejected any idea of resigning and anticipated he will file one appeal after another if the Superior Electoral Court (TSE) rules that the action calling for removal from office of the Dilma-Temer ticket moves forward.
Brazil's commander in chief of the Army, General Eduardo Villas Boas anticipates that the current situation described as political, economic but above all ethical will worsen during 2017, which he said will be reflected in the Defense ministry budget and salaries of Armed Forces members.