Brazil

Brazil
Wednesday, August 31st 2016 - 05:03 UTC

Norway's Statoil and Petrobras expand strategic alliance and cooperation

The agreement was signed by Petrobras’ president and CEO, Pedro Parente, and Statoil’s CEO, Eldar Sætre, during the ONS 2016 conference in Stavanger.

Norways' StatOil and Petrobras have signed a memo of understanding to strengthen their cooperation in Brazil. The two major companies are are already partners in 13 blocks and the intention of the MoU is to evaluate joint participation in future tenders for exploration areas and to increase upstream collaboration in producing fields in the Santos and Campos offshore basins.

Wednesday, August 31st 2016 - 04:56 UTC

Brazil's unemployment reaches 11.6% with an estimated 11.8 million jobless

More than 1.7 million Brazilians have lost their jobs over the last 12 months, according to Labor Ministry data

Brazil's unemployment rate rose to 11.6% in the three months through July the statistics agency IBGE said on Tuesday. Brazil's jobless rate has risen sharply from 6.5% at the end of 2014 as the country entered its worst recession in decades.

Wednesday, August 31st 2016 - 03:43 UTC

Rousseff's fate has been decided: Senate will make it formal on Wednesday

Supreme Court Chief Justice Ricardo Lewandowski is presiding over the session, and following a recess, the decision will be handed down.

The Brazilian Senate heard for the last time on Tuesday the arguments of the defense and prosecution in the impeachment trial of President Dilma Rousseff, and now prepares to issue its decision on the case.

Tuesday, August 30th 2016 - 04:47 UTC

Rousseff claims impeachment is a new type of coup; street protests in her support

“Don’t expect from me the obliging silence of cowards,” Ms. Rousseff said in a withering attack on her opponents at the start of her testimony. (Pic AFP)

Brazil's suspended president, Dilma Rousseff, took the stand on Monday at her impeachment trial in the Senate, delivering a last-ditch defense to prevent her final removal from office. “Don’t expect from me the obliging silence of cowards,” Ms. Rousseff, 68, said in a withering attack on her opponents at the start of her testimony.

Tuesday, August 30th 2016 - 04:38 UTC

Mercosur members who disagree and don't accept consensus “can walk out”...

“Mercosur members are well aware that the same way they decided to belong to the group, they can walk away...” said minister Loizaga

Paraguay said Mercosur will continue to function and is waiting for a reply from Uruguay to confirm a collegiate presidency of the block, until Argentina takes the helm at the end of the year. If not, “Mercosur members are well aware that the the same way they decided to belong to the group, they can walk away...”

Sunday, August 28th 2016 - 03:56 UTC

Rousseff takes the stand on Monday, following the round of defense witnesses

Tension is building ahead of Monday when Rousseff, from the leftist Workers' Party, will take the stand for the first time and face her accusers.

Suspended Brazilian president Dilma Rousseff's former economy minister testified Saturday that Rousseff did not break any laws justifying impeachment, as her trial closed in on next week's climax. Rousseff is accused of taking illegal state loans to help bridge budget shortfalls and mask the true state of the economy during her 2014 reelection campaign. The president argues the charges are trumped up and amount to a rightwing coup.

Saturday, August 27th 2016 - 05:45 UTC

Mercosur founding members confident of a solution to the Venezuela situation

Gauto said a meeting was scheduled and “the sooner the better”. Next October Mercosur and EU are scheduled to hold a new round of talks on a trade agreement.

The foreign ministers of Mercosur founding members will adopt a common position regarding the current disarray of the group following on Venezuela's unilateral attitudes said Paraguayan economic affairs and integration deputy minister Rigoberto Gauto.

Friday, August 26th 2016 - 06:19 UTC

Rousseff impeachment begins; huge metal barricades outside Congress to separate rival demonstrators

Chief justice Ricardo Lewandowski declared the trial open and later briefly suspended it as senators yelled at each other while debating procedural matters.

Brazilian Senators launched the impeachment trial of suspended president Dilma Rousseff on Thursday expected to end 13 years of populist rule in Latin America's biggest economy. The friendly spirit of the Rio Olympic Games faded and tension returned as the emotionally charged affair neared its climax, with Rousseff facing removal from office within days.

Thursday, August 25th 2016 - 08:39 UTC

Final round for Rousseff who is moving belongings to Porto Alegre; Temer readies to travel to G20 summit in China

 The final vote expected late Tuesday or early hours of Wednesday would confirm  Vice-President Michel Temer as Brazil's new leader through 2018

The Brazilian Senate will open the impeachment trial of suspended President Dilma Rousseff this Thursday and hear witnesses for and against the populist leader who is expected to be removed from office next week on charges of breaking budget laws.

Thursday, August 25th 2016 - 08:23 UTC

The world has rediscovered Brazil

Brazil has hosted an extraordinary event, and this is the work of all Brazilian people.

By Michel Temer, Acting President of the Republic - The Olympic Games were an absolute success. This is the result of the work of each person who helped build the stadiums, the metro, the Olympic Village; each carioca who gave the right directions to our visitors.

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