Brazil's energy ministry said on Saturday it backed full independence for Petrobras to set domestic fuel prices, blaming past controls for saddling the state-controlled oil company with crippling debt that is the oil industry's largest.
Former Brazilian president Lula da Silva accused the media conglomerate Globo, the country’s largest, of censoring suspended president, Dilma Rousseff, adding that the interim government of Michel Temer is seeking to take away social rights and is “delivering” the nation’s oil for exploitation by foreign interests.
President Michel Temer's will press ahead with ambitious plans to balance the budget, reform pensions and draw private money into the energy sector despite the loss of two ministers to a corruption scandal, his chief of staff said on Thursday.
Brazilian government would like to block Venezuela from taking the rotating presidency of Mercosur later this month, a move to further debilitate Venezuelan president Nicolas Maduro's power, according to Planalto sources close to interim president Michel Temer, who admitted the proposal has yet to be discussed with other members.
Brazil's acting president, Michel Temer, put a fence around his home in Sao Paulo to prevent protesters gathered in the vicinity from harassing his family. The measure, authorities said, was taken to “strengthen” the security surrounding the family of the interim president after on May 22 riot police dispersed a demonstration before his house.
Brazil's economy sank further into recession in the first quarter, contracting 5.4% relative to the same three-month period of last year, the government said Wednesday. Compared with the final quarter of 2015, the economy shrank by 0.3%, according to the state-run Brazilian Institute for Geography and Statistics, or IBGE.
Brazilians have become increasingly disappointed with politics and their elected politicians, according to an Ibope Intelligence opinion poll collecting reactions to the current political situations, which has a suspended president, Dilma Rousseff; an interim leader Michel Temer, and a divided Congress.
The Brazilian government posted a primary budget surplus in April well above market expectations due to a seasonal increase in tax revenues and a drop in subsidies, a senior official said on Monday. The government, which is struggling to lift the economy out of a deep recession, posted a primary budget surplus of 9.751 billion reais (US$2.72 billion) in April.
Little Michel, the 7-year-old son of Brazil’s Acting President Michel Temer, has already proven he is far more mature than his years might suggest. A few weeks ago, he was responsible for choosing the new government's logo – when he saw it, he said “pretty.” Now, we know that the wunderkind has a few investments of his own.
Brazilian interim president Michel Temer's government has suffered a new blow when his anti-corruption minster resigned on Monday after leaked recordings showed him trying to squash a massive corruption scandal that has ensnarled the country's political and business elite.