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Montevideo, April 27th 2017 - 18:40 UTC

Brazil

  • Friday, March 31st 2017 - 04:39 UTC

    Rousseff's “hangman” sentenced to 15 years in prison for corruption

    The former Lower House speaker’s defense team said they would appeal the decision but Cunha will remain imprisoned pending appeal.

    A federal court sentenced Brazil’s former speaker of the Lower House, Eduardo Cunha, to more than 15 years in prison on Thursday for corruption, making him the highest-profile political conviction yet in the “Operation Car Wash” scandal. The former politician’s defense team said they would appeal the decision but Cunha will remain imprisoned pending appeal.

  • Thursday, March 30th 2017 - 10:11 UTC

    Brazil and US in talks for a Temer visit to the White House

    President Donald Trump invited Temer for a visit during a March 18 phone call, when the two leaders discussed deepening commercial and business ties

    Brazilian and U.S. officials are in talks about a White House visit by President Michel Temer to discuss bilateral trade and investment issues, according to Planalto sources. U.S. President Donald Trump invited Temer for a visit during a March 18 phone call, when the two leaders discussed deepening commercial and business ties between the Western Hemisphere's largest economies, the sources said.

  • Thursday, March 30th 2017 - 09:56 UTC

    Brazilian tainted meat: minister believes “the worst of the process is over”

    Agriculture Minister Blairo Maggi insisted the problem is isolated and that Brazilian products represent no danger.

    Worldwide markets have been slamming their doors on Brazilian meat since revelations that rotten product was being sold with faked certificates, but the agriculture minister said Thursday “the worst of the process is over.”

  • Thursday, March 30th 2017 - 06:25 UTC

    Brazil's Temer job on the line: Electoral Court could force him out of office on campaign financing

    The Dilma Rousseff-Michel Temer presidential campaign is accused of being financed with dodgy money.

    Brazilian President Michel Temer since taking office, in May 2016, has faced one crisis after the other, and now the man who rose to power thanks to an impeachment process of Dilma Rousseff, faces himself the threat of removal from office.

  • Wednesday, March 29th 2017 - 07:36 UTC

    Brazil ready to further cut interest rates to support economy as inflation falls

    The central bank is looking at factors like “inflation expectations and economic activity. We are open to making any decision,” said Goldfajn.

    Bigger interest rate cuts are an option for Brazil's central bank, Governor Ilan Goldfajn anticipated, signaling an emphasis on supporting the economy as inflation falls faster than expected. The central bank has lowered its benchmark rate in each of monetary policymakers' four meetings since last October, when it made the first cut in four years. The bank reduced the rate by 25 basis points in each of the first two cuts, followed by two drops of 75 basis points apiece. The rate now stands at 12.25%.

  • Tuesday, March 28th 2017 - 07:58 UTC

    China, Russia, EU interested in operating Brazilian railways

     Adalberto Santos Vasconcelos special secretary running President Temer's infrastructure investment program, revealed that interest was strong

    Brazil's planned auction of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, a government official said.

  • Monday, March 27th 2017 - 11:07 UTC

    Petrobras posted losses of US$ 4.8 billion during 2016

    Petrobras has been at the center of a corruption scandal that has ensnared powerful lawmakers and business executives.

    Brazil's state-run oil company says it posted a US$4.8 billion loss in 2016 mainly because of a reduction in the value of assets it needs to sell to lower a debt estimated at more than US$100 billion.

  • Monday, March 27th 2017 - 07:45 UTC

    Brazilian meats' scandal: China, Egypt, Chile limit imports ban to the 21 processing plants involved

    The world's largest meat exporter has been reeling since police announced the conclusion of the two-year “Operation Weak Flesh”

    Brazil won a major victory as it battles to restore credibility amid a tainted meat scandal, with China, Egypt and Chile lifting their bans on its products. The three countries, which had totally closed their markets to Brazilian meat at the start of last week, said they would open them to all but the 21 Brazilian processing plants under investigation.

  • Monday, March 27th 2017 - 07:38 UTC

    Brazilians take to the streets to support corruption investigations and jailing politicians

    Protesters many wearing the yellow shirts of the country's football team or draping themselves in the flag said Operation Car-Wash must not let up in intensity.

    Brazilians furious at corruption demonstrated on Sunday in support of a politically explosive probe into high-level embezzlement and bribery, but turnout was lower than at previous protests. The long-planned day of nationwide demonstrations kicked off in the capital Brasilia and Rio de Janeiro, before shifting to the nation's biggest city Sao Paulo.

  • Friday, March 24th 2017 - 11:50 UTC

    Temer close aide sworn as a Justice in Brazil's Supreme Court

    Moraes headed the Ministry of Justice when he was appointed to the Supreme Court by President Michel Temer.

    Jurist Alexandre de Moraes was sworn into office as a Justice in Brazil's Supreme Court on Wednesday. Moraes will fill the seat left by Justice Teori Zavascki, who died in a plane crash in January. Moraes headed the Ministry of Justice when was appointed to the Supreme Court by President Michel Temer. His nomination to the top court was confirmed by the Senate last month. He is expected to take charge of 7,500 cases as he joins the court.