Brazil

• Saturday, June 17th 2017 - 12:41 UTC

  Argentina joins Asian Infrastructure Investment Bank (AIIB)

  

  In need of further international financial assistance and under pressure after settling a debt crisis, President Mauricio Macri's administration makes yet another move to seek renewed channels for funding.

• Saturday, June 10th 2017 - 09:16 UTC

  Brazil tightens corruption controls on banks and listed companies

  

  Brazilian presidential decree raising fines on banks and listed companies involved in illicit acts aims to empower the central bank and the country's securities industry watchdog in their efforts to bolster transparency, Finance Minister Henrique Meirelles said in Paris.

• Saturday, June 10th 2017 - 08:51 UTC

  Temer wins the day with a divided vote. “The system needs stability” was the decisive argument

  

  Brazil's top electoral court gave embattled President Michel Temer a big victory late Friday, voting to reject allegations of campaign finance violations that could have removed him from office. After four days of deliberations, judges voted 4-3 in a case that many viewed as a measure of whether Temer could remain in office amid a ballooning corruption scandal and single-digit popularity.

• Friday, June 9th 2017 - 21:44 UTC

  Strong indications that president Temer will survive the Electoral Court case and remain in office

  

  Brazil's top electoral court on Thursday excluded testimony of engineering company executives from an illegal campaign funding trial against President Michel Temer, a move that suggested it would throw out a case that had threatened to unseat him.

• Thursday, June 8th 2017 - 10:56 UTC

  Brazilian Electoral Tribunal adds sessions to speed a decision on president Temer's case

  

  The head of Brazil´s Superior Electoral Tribunal, TSE, Justice Gilmar Mendes added extraordinary sessions, including next Saturday, to continue considering the alleged political and economic abuse committed by the winning ticket of the 2014 elections, when Dilma Rousseff was reelected with Michel Temer as vice-president. According to court sources the decision to add sessions this week received unanimous support from his six co-Judges.

• Wednesday, June 7th 2017 - 07:18 UTC

  Brazilian meat packer Minerva buys JBS plants in Mercosur member countries

  

  The Brazilian meatpacking giant JBS says it has sold its units Mercosur members, Argentina, Paraguay and Uruguay to companies controlled by a rival meat processing company in Brazil. JBS said in a Tuesday securities filing that it sold meat processing plants in the three countries for US$300 million to Minerva in Sao Paulo state.

• Tuesday, June 6th 2017 - 07:03 UTC

  Temer receives 84 questions from the federal Police; he has 24 hours to reply

  

  Brazilian media are reporting late Monday that the country's federal police have asked embattled President Michel Temer 84 questions related to an investigation of corruption allegations against him. Temer has faced growing calls to resign amid the scandal. He has 24 hours to reply to the questions delivered Monday afternoon.

• Monday, June 5th 2017 - 08:29 UTC

  Decisive week for Temer's presidency; Electoral Court could have him ousted

  

  Brazil's Michel Temer is already fighting a devastating corruption scandal, but this week he faces a more immediate threat: a court ruling on whether he should even be president. The case in the Supreme Electoral Tribunal or TSE was long considered a slow-burning sideshow to the developments in Brazil's corruption revelations, which have now reached the top.

• Sunday, June 4th 2017 - 12:57 UTC

  Brazilian police arrests close friend and aide of president Temer

  

  Brazilian police have arrested Rodrigo Rocha Loures, a former congressman and close friend of President Michel Temer. Rocha Loures was seen in a video released in May carrying a bag with 500,000 Brazilian Reais (US$154,000).

• Sunday, June 4th 2017 - 12:07 UTC

  Brazil record trade surplus and industrial production up 0.6% in April

  

  Encouraging news for Brazil's economic recovery: industrial output increased in April for the first time since December and the trade surplus rose to a record US$ 7.661bn during May, according to government data. Exports boosted by a record soy crop and rising auto sales reached US$ 19.8bn and imports US$ 12.2bn