The new prosecutor general tasked with leading Brazil's anti-corruption drive was sworn in on Monday, and said she would continue her predecessor's campaign against graft in Latin America's biggest nation.
Brazilian President Michel Temer was charged with obstruction of justice and racketeering on Thursday, according to a statement posted on the prosecutor general's office website, threatening to delay the government's economic reform agenda in Congress.
Brazil's lower house of Congress has given initial approval to a bill to reduce the huge array of political parties that have made it hard to govern the country and contributed to corruption. The chamber voted 384-16 for the establishment of a minimum national vote threshold that parties must reach to get public funding and free radio and television time for their election campaigns. The requirement would be 1.5% of votes in 2018, rising to 3% in 2030.
Brazil's Police raided the home of a top government official Thursday seeking evidence in yet another corruption case involving a member of embattled President Michel Temer's Cabinet. The operation was authorized by Brazil's top court and is part of an investigation of Agriculture Minister Blairo Maggi, who is suspected of bribing state lawmakers during his 2003-2010 terms as governor of Mato Grosso.
Pushing the European Union Mercosur deal is a “completely unacceptable”, according to Meat Industry Ireland’s (MII) director Cormac Healy. In a statement, Healy said that any progression and completion of the Mercosur trade deal will have negative effects on the EU beef market.
Former President Lula da Silva told a Brazilian court on Wednesday that the corruption charges against him stem from a witch hunt and questioned the impartiality of the judge. Lula's deposition in Curitiba was the second time he faced off with Judge Sergio Moro, who oversees Brazil's sprawling investigation into bribes to politicians in return for favors to companies.
Brazil’s federal police detained the CEO of JBS SA, the world’s No 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained under an arrest warrant against him and his younger brother Joesley Batista for suspected insider trading.
Brazil's 2016/2017 crop is expected to reach 238.7 million tons which is 28% higher than the previous year, because of better climate conditions and improved productivity, according to Conab, the country's agriculture stats and food supply company. This includes 114 million tons of soybeans and 97.71 million tons of corn.
Brazilian aeronautical company Embraer plans to analyze the possibility of building a factory in China to manufacture jet aircraft for the commercial aviation segment, the company’s chief executive said.
The former chairman of the world’s largest meatpacker, whose testimony implicated Brazil’s president in corruption, turned himself in to police Sunday after the country’s Supreme Court ordered his arrest.