One of Brazil’s most powerful women says she was only defending her honor when she tossed a glass of white wine in the face of an equally powerful elected official who called her a “man-eater.”
Moody's Investors Service has lowered Brazilian state-controlled oil company Petrobras' credit rating further into junk territory and warned of a possible further downgrade. These rating actions reflect Petrobras' elevated refinancing risks in the face of deteriorating industry conditions that make it more difficult to raise cash through asset sales, the New York-based ratings agency said Wednesday.
Thousands of Brazilians took to the streets on Sunday to demand that embattled President Dilma Rousseff, facing a weak economy and a major political crisis including calls for her impeachment, be removed from office.
Petrobras, is not considering selling a 10% stake in its giant Libra offshore oil prospect at this time, Brazil's state-run oil company said on Friday. Petrobras was responding to a report on Tuesday that industry sources had been told by the company that the Libra stake was on offer.
The presidents of Mercosur member-countries have confirmed attendance to the group's summit scheduled for next 21 December and hosted by Paraguay, the country that currently holds the rotating chair, according to diplomatic sources in Asuncion.
Corruption among members of Brazil's Congress is 'across the board', involves most parties and the whole system, and as such the recent beginning of impeachment proceedings against president Dilma Rousseff is no exception.
A former head of the Brazilian Football Confederation (CBF) who was indicted in the United States last week in an investigation into corruption in FIFA and the business of soccer, has agreed to give evidence to Brazil's Congress, Senator Romario said on Wednesday.
Brazilian President Dilma Rousseff was granted breathing space by the Supreme Court in her fight against impeachment, when late Tuesday it imposed a week-long freeze on the special commission formed to recommend Congress whether Rousseff should be removed from office.
The Brazilian Congress set in motion on Tuesday a complex process that will weigh the possible impeachment of President Dilma Rousseff, but even more significant was a letter made public by vice president Michel Temer, which clearly indicates a rift and a possible distancing of the senior partner in the ruling coalition.
Analysts expect Brazil's economy to contract by 3.50% this year, with inflation hitting 10.44%, the Central Bank said on Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.