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MercoPress, en Español

Montevideo, May 2nd 2024 - 20:22 UTC

Brazil

  • Saturday, November 12th 2016 - 21:27 UTC

    Congress opens Brazil's huge “pre-salt” oil fields to the private sector

    Huge amounts of oil could be lying under the pre-salt fields, but high costs of equipment and human capital are necessary to get extraction started

    Petrobras will begin selling off huge “pre-salt” oil fields to raise cash for the desperate Brazilian national oil company, according to new legislation passed by Congress. Politicians in the lower house had fought against the bill, but lawmakers succeeded in pushing the bill through during a late-night session, and the vote stood at 251-22 by the end of the night.

  • Saturday, November 12th 2016 - 12:19 UTC

    Lula's claim of a “diabolic pact” derided by Brazil's attorney general

    Lula, who is set to stand trial in three separate corruption cases, said at an event Thursday in Sao Paulo, where he received the support of intellectuals and leaders of political, labor and social mo

    Brazil's attorney general on Friday offered a joking retort to former President Lula da Silva's remark that the corruption allegations he faces are due to a “diabolical pact” among different institutions, saying he is not a religious person. “What I can say is that I'm not religious,” Rodrigo Janot joked to reporters when asked about Lula's comments. Janot, who gave a press conference to review anti-corruption investigations this year, added that Lula was free to express his opinion.

  • Friday, November 11th 2016 - 19:37 UTC

    Rousseff's defense claims some campaign funds were provided by Temer's party

    Rousseff's defense team verified the accounts report presented by PT and confirmed in July that R$ 1 million had been transferred for the campaign.

    Brazilian ex-President Dilma Rousseff's (PT) defense team attached to the case against her slate at the Superior Electoral Court, TSE, documents revealing that R$ 1 million (US$ 320.000) which construction company Andrade Guitierrez donated to her re-election campaing in 2014 went through the account of who was then Vice Presidential candidate Michel Temer (PMDB).

  • Friday, November 11th 2016 - 19:28 UTC

    Petrobras signs US$ 1.2bn contract for natural gas exploration in southern Bolivia

    President Evo Morales and Brazil's Mines and energy minister, Fernando Coelho Filho, traveled to Santa Cruz for the signing ceremony.

    Executives of Brazilian state oil company Petrobras and Bolivian counterpart YPFB signed this week a contract for a US$1.2 billion natural-gas exploration venture in southern Bolivia. Bolivian President Evo Morales and Brazil's minister of mines and energy, Fernando Coelho Filho, traveled to Bolivia's eastern city of Santa Cruz for the signing ceremony.

  • Friday, November 11th 2016 - 09:08 UTC

    Falklands' trip for university students winners of regional competition

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

  • Friday, November 11th 2016 - 08:48 UTC

    Brazilian president accused of having received US$ 300.000 for political campaign funding

    The claim is that a million Reais were paid to the political campaign of Temer, according to Rousseff's lawyers

    Brazilian President Michel Temer has been accused of taking a large bribe by a former political ally. Lawyers for former President Dilma Rousseff, who was removed from office in May, filed court documents which they say prove the claim.

  • Thursday, November 10th 2016 - 11:35 UTC

    Brazil lowers fuel prices: diesel down 10.4% and gasoline, 3.1% at the refinery

    The aim is to enable Petrobras to implement a competitive pricing policy that reflects movements in the international oil market in shorter periods.

    In line with the pricing policy announced by Petrobras on October 14, 2016, the company’s markets and pricing executive committee has decided to reduce the prices of diesel and gasoline sold at its refineries by 10.4% and 3.1%, respectively.The combination of a 12.1% fall in the international prices of oil and oil products between October 14 and now, and the reduction in the company’s domestic market share has impacted the usage level of Petrobras’ assets, especially its refineries, its inventory levels and also its flows of imports and exports

  • Thursday, November 10th 2016 - 11:30 UTC

    Temer defends austerity and claims the program is fostering confidence among investors

    “The climate of confidence is growing and it is having a positive impact” on the economy, Temer said at a business seminar

    Brazilian President Michel Temer reiterated the tough-minded adjustment he has proposed to balance the government's accounts and his support for the private sector's role in the economy, adding that the program is already fostering “confidence” among investors.

  • Tuesday, November 8th 2016 - 07:59 UTC

    Latam/BA/Iberia deal questioned by Brazil´s competition regulator

    The companies already have 70 to 80% of the market between Sao Paulo and London, and 50 to 60% between Sao Paulo and Madrid.

    Brazil's competition regulator Cade said on Monday that a deal between LATAM Airlines LAN.SN, British Airways and Iberia could have a negative impact on routes between Brazil and Europe. Chile-headquartered LATAM signed joint business agreements in January to deepen its ties with American Airlines Group and IAG's British Airways and Iberia, all members of the Oneworld Alliance.

  • Tuesday, November 8th 2016 - 07:28 UTC

    South American presidents and who they would like to see at the White House

    Temer admitted concern but “no US president can do whatever he pleases, since in the United States institutions work with an effective system of checks and balances”

    A majority of South American presidents would prefer to see former Secretary of State Hillary Clinton at the White House, while a few believe whoever wins will make not much of a difference for the continent. Nevertheless be it Hillary or Trump there is mostly respect for US institutions.