Brazil

Brazil
Wednesday, May 4th 2016 - 08:46 UTC

Attorney General accuses Lula da Silva of a key role in Petrobras huge corruption scandal

Janot said corruption could not have taken place without the participation of the former leader. Lula was in office between 2003 and 2011, and denies allegations.

Brazil's Attorney General Rodrigo Janot has asked the Supreme Court to authorize an investigation against former President Lula da Silva for alleged corruption. Janot accused Lula of playing a key role in the huge corruption scandal at the state oil company, Petrobras.

Wednesday, May 4th 2016 - 08:18 UTC

Brazilian prosecution asks for investigation of opposition leader Senator Neves

Prosecutor-General Janot had stopped the investigation of Neves last year but is now asking to reopen it based on plea bargain testimony from another senator

Brazil’s top prosecutor asked the Supreme Court to open an investigation into opposition Senator Aécio Neves, the country’s leading opposition figure, as the vast Petrobras corruption probe engulfed more politicians. Neves, who narrowly lost the 2014 presidential election to Dilma Rousseff, was previously included in a list of some 50 politicians thought to have taken bribes originating from state-run companies.

Tuesday, May 3rd 2016 - 06:54 UTC

Brazil recession deepens, but prospects for 2017 seem much brighter

The consensus is now suggesting Brazil’s economy will shrink by 3.89% this year, following last year’s 3.8% contraction, which was the worst in 25 years.

Brazil’s recession is expected to deepen this year as economists brace for an even steeper contraction than in 2015. Economists have downgraded their 2016 outlook for Latin America’s largest economy for the 15th week in a row, according to the weekly Focus survey of about 100 economists by the Brazilian central bank.

Monday, May 2nd 2016 - 11:54 UTC

Temer anticipates support of constitutional reform, and would step down in 2018

Many political analysts believe these are messages to attract the support of the PSDB, the main opposition party under the leadership of Aecio Neves

Vice-president Michel Temer patiently preparing a coalition and a basic program if Dilma Rousseff is finally impeached said he will not be standing as a candidate for Presidency in 2018. Furthermore, he said he will support the proposal to end presidential re-election in Brazil.

Monday, May 2nd 2016 - 08:33 UTC

Temer promises to combat corruption by strengthening anti-graft institutions

Temer's critics have said he would try to hamper Brazil's biggest ever corruption probe, Car Wash, which has involved many politicians from own party PMDB

A government led by Brazilian Vice President Michel Temer would press ahead with the country's corruption fight by strengthening anti-graft institutions and enacting tougher controls over state-run companies, and will also implement an education reform, according to a six chapter document leaked to the Sao Paulo media.

Monday, May 2nd 2016 - 05:42 UTC

Rousseff pledges “to fight to the end” and some groups anticipate “civil disobedience”

“If they can do this to me, what will they do to working people?” she asked, announcing a new increase to the family allowance program called Bolsa Familia.

Brazil's populist president Dilma Rousseff vowed at a protest on Sunday, International Labour Day, that she would go down fighting ahead of what could be her final full week in power before impeachment.

Friday, April 29th 2016 - 06:50 UTC

Brazil's central bank leaves benchmark rate at 14.25% forced by stubborn inflation

“The distance between inflation expectations and the inflation targeting regime objectives do not allow monetary policy easing” said the bank's release.

Brazil's central bank left its benchmark interest rate on hold at 14.25% for a sixth consecutive time, amid stubbornly high inflation and political uncertainty. The bank which makes rate decisions eight times a year has held its key Selic rate steady since the last of seven consecutive hikes in July 2015.

Friday, April 29th 2016 - 05:44 UTC

Mercosur unmoved by Rousseff''s invocation of the “democratic clause”

Argentina said it is most respectful of the Brazilian constitutional process

“We respect the Brazilian constitutional process” and thus Argentina does not have plans to follow on president Dilma Rousseff announcement that she will appeal to Mercosur to implement the “democratic clause” if the impeachment process to remove the head of state from office advances in the country's Senate.

Thursday, April 28th 2016 - 07:59 UTC

Lula's party would call for fresh elections if Dilma is removed from office

Rousseff admits that a period of 180 days out of office with PMDB Temer as acting president would create the “worst possible” conditions for her to return

Brazilian President Dilma Rousseff concedes that even if the full Senate finally votes against her impeachment, she may be obliged to support the call for new presidential elections this year, according to Folha, one of Sao Paulo's most influential dailies.

Thursday, April 28th 2016 - 07:27 UTC

Amnesty said killings in Rio's favelas have increased alarmingly ahead of Olympics

“Residents in many of Rio de Janeiro's favelas are living in terror after at least 11 people have been killed in police shootings since the beginning of the month”

Amnesty International said on Wednesday that residents of Olympic host Rio de Janeiro's slum favelas are “living in terror” after 11 people were killed in police shootings in the past month. The rights group said at least 307 people were killed by police in the city last year and called on Brazilian authorities to take action in the 100 days ahead of the start of the Rio Games on August 5.

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