Brazil

Brazil
Tuesday, September 13th 2016 - 09:42 UTC

Brazilian congress expels lawmaker who engineered Rousseff's impeachment

Cunha's downfall has many politicians worried: he has threatened to bring down others by revealing cases of corruption that could endanger Temer's government

Two weeks after the removal of Dilma Rousseff as Brazil's president, the lower house of Congress on Monday expelled the lawmaker who engineered her impeachment for lying about secret bank accounts in Switzerland. The once powerful former speaker Eduardo Cunha, who has been charged with corruption by the Supreme Court, was banned from politics for eight years and faces arrest now he has lost his congressional prerogatives.

Sunday, September 11th 2016 - 16:40 UTC

Brazil's ex attorney general claims he was fired for trying to deepen Petrobras corruption case

“The government wants to smother the Car Wash probe. It is very worried,” Medina Osorio was quoted as saying by Veja.

Brazil's new government is trying to stifle a corruption investigation targeting politicians and major parties, the former attorney general said in a magazine interview a day after being replaced by President Michel Temer. The former official, Fabio Medina Osorio, told weekly magazine Veja that he was fired because he tried to deepen the so-called “Car Wash” corruption probe into the country's oil company Petrobras.

Friday, September 9th 2016 - 20:10 UTC

Brazilian police want to question IOC president Bach on sale of Olympics tickets

The police pointed out that IOC president Thomas Bach is being treated as a witness, not a suspect.

Brazilian police say they want to speak to International Olympic Committee (IOC) President Thomas Bach about an alleged scheme to resell tickets during last month's Rio Olympics. The police pointed out that Mr. Bach is being treated as a witness, not a suspect.

Thursday, September 8th 2016 - 03:30 UTC

Boos and applause for president Temer at the annual military parade in Brasilia

Temer left the Rolls Royce and the sash and preferred a low key closed vehicle trying to downplay protests

Brazil's new president, Michel Temer, was booed at an annual military parade in the capital Brasilia on Wednesday, his first public outing since taking power last week. “Out with Temer!” shouted protesters at the heavily policed ceremony. Supporters of Temer applauded the new leader.

Wednesday, September 7th 2016 - 17:00 UTC

Brazil's central bank sounds more flexible on the world's highest interest rates

Last week, the central bank kept its benchmark Selic rate steady at 14.25% for the ninth straight time in a bid to lower inflation that is near 9%.

The Brazilian central bank said on Tuesday that future interest rate cuts will not depend on any single factor, signaling that policymakers are ready to ease monetary policy as inflation expectations improve. In the minutes of its last rate-setting meeting, the bank said all members were satisfied with the progress of disinflation, but remained cautious about high inflation expectations for 2017.

Wednesday, September 7th 2016 - 13:22 UTC

Rousseff despite removal remains “politically active”; she joined her family in Porto Alegre

The ex president said she wants to be close to her daughter and grandchildren in Porto Alegre, and ruled out any involvement in electoral politics in the near future

Brazil's removed president Dilma Rousseff left the capital on Tuesday to return to her adopted hometown of Porto Alegre, capital of Rio Grande do Sul, neighboring with Uruguay. A few dozen supporters were waiting outside as Rousseff abandoned Alvorada palace, the presidential residence, which she continued to occupy during the Senate trial that ended last Wednesday with her removal from office.

Tuesday, September 6th 2016 - 17:43 UTC

Another major fraud investigation in Brazil: companies funds pensions; US$ 25bn alleged damages

Federal judge overseeing the case, Vallisney De Souza Oliveira, ordered 39 people  under investigation to suspend their corporate roles and forfeit their passports

Brazilian police launched an investigation of fraud at state-run companies' pension funds on Monday, as a judge ordered dozens of senior financiers and executives away from their firms, including the chief executive of the world's biggest beef exporter.

Tuesday, September 6th 2016 - 17:17 UTC

Meirelles invites foreign investors to take advantage of US$ 269bn opportunities

“The historical trend is for Brazil to have substantially faster growth rates and we will work to have growth back to an average of 4%” Meirelles said.

Brazil's economy could grow 2.5% in 2018 and expand at an even faster rate over the following years, Finance Minister Henrique Meirelles said at a seminar in Shanghai.

Tuesday, September 6th 2016 - 16:55 UTC

“Why meet Falklands' neighbors”, competition for students from Uruguay, Brazil and Chile

The Government of the Falkland Islands and the British Embassies in Uruguay, Brazil and Chile invite university students to participate in this regional competition to win the chance to visit the Falklands for a week, all expenses paid.

Monday, September 5th 2016 - 11:55 UTC

Sao Paulo police disperse five days of demonstrations against removal of Rousseff and calls for fresh elections

It was the largest of a wave of demonstrations against new President Michel Temer since the conservative lawyer was sworn in on Wednesday to replace Rousseff

Police in Sao Paulo, Brazil's financial and industrial hub, used tear gas on Sunday to disperse thousands of demonstrators at the end of a peaceful march to protest the removal of populist president Dilma Rousseff last week in an impeachment trial.

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