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.
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.
Impeachment proceedings against Brazil's President Dilma Rousseff were delayed on Monday by a fight between supporters and opponents trying to stack a lower house committee that will report on whether she committed an impeachable offense.
Impeachment proceedings against Brazilian President Dilma Rousseff face their first major hurdle Monday when a special committee forms to decide whether to send the case to the full lower house. Once established, the 65-member committee representing all parties will hear Rousseff's defense, then rule on whether to allow the matter to go further.
Brazilian president Dilma Rousseff on Friday suffered two setbacks to her fight against impeachment, as a minister from her main coalition ally resigned and the Supreme Court quashed appeals from supporters seeking to stop the impeachment process.