Brazilian telecoms giant Oi has filed the largest bankruptcy request in the country’s history, after failing to reach an agreement with creditors.
A top ex-minister of Brazil's suspended president Dilma Rousseff became the latest official to get arrested in a sprawling corruption probe on Thursday, authorities said. Police also searched the headquarters of Rousseff's Workers Party in Sao Paulo in one of a series of raids across five states in the country.
Brazil's Chamber of Deputies approved this week an executive order allowing foreign investors 100% ownership of Brazilian airlines, compared to the current 20% limit, although the implementation depends on approval from the Senate.
Brazilian leading contractor, in plea bargain, expected to involve Rousseff directly in campaign illegal funding
Marcelo Odebrecht, the former chief executive of Latin America’s largest construction company, will admit in a plea bargain testimony that he personally oversaw illegal campaign donations for suspended Brazilian president Dilma Rousseff in the 2010 and 2014 elections, Folha de São Paulo reported.
The speaker of Brazil's lower house of Congress, currently sidelined pending trial on corruption charges, said Tuesday that he will feel proud if the case against suspended President Dilma Rousseff ends with her impeachment.
Brazilian states will get a six-month grace period on debts with the federal government, followed by a year and a half of reduced payments, interim President Michel Temer announced.
Brazil wants a more flexible dynamic Mercosur which allows member countries to reach autonomous agreements with third parties, that can help overcome the de-industrialization process suffered by recent “populist governments”, said Brazilian foreign minister in a speech to the Sao Paulo State Federation of Industries, FIESP.
Judge Richard Concepcion ordered Peru's first lady and the president of the ruling Nationalist Party, Nadine Heredia, not to leave the country in order to answer charges of suspected money laundering in the electoral campaigns of 2006 and 2011.
Brazil's Rio state authorities have declared a “state of public calamity” over a major budget crisis, in order to release emergency funds to finance the Olympic Games. The decree authorizes the state to “adopt all necessary emergency measures to ration essential public services in order for the Rio 2016 Olympic Games and Paralympic Games to take place”.
Brazilian interim president Michel Temer, described as irresponsible, lying and criminal a statement implicating him in the corruption at state oil company Petrobras.