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MercoPress, en Español

Montevideo, April 26th 2024 - 05:48 UTC

Tag: Michel Temer

  • Wednesday, November 30th 2016 - 10:39 UTC

    Massive violent protests against Brazilian congress discussing austerity bill

    Demonstrations began peacefully, but some in the crowd tried to enter the congressional building and police used tear gas to force them to retreat.

    Thousands of people gathered on Tuesday in Brasilia outside Brazil's Congress to protest against the austerity plan of President Michel Temer and against what they see as attempts to shield corrupt politicians. Student groups and labor unions organized the demonstration to coincide with a debate in the Senate on Temer's proposal for a constitutional amendment that would cap public spending for 20 years.

  • Wednesday, November 30th 2016 - 09:31 UTC

    Temer signs bill that opens sub-salt oil deposits to private the sector

    With the new bill Petrobras has signaled its reluctance to take on the operator role for new sub-salt projects, and could end up selling stakes in sub-salt projects

    Brazilian president Michel Temer signed legislation on Tuesday which opens the way for oil companies other than state-controlled Petrobras to operate the coveted sub-salt acreage. The bill repeals a controversial 2010 rule that requires Petrobras to hold a minimum 30% operating stake in assets governed by production-sharing contracts, mainly sub-salt assets.

  • Monday, November 28th 2016 - 10:05 UTC

    Temer vows to veto any corruption amnestly lawmakers may grant themselves

    President Michel Temer said he would veto any amnesty attempt from Brazilian politicians under suspicion of corruption

    Brazil's President Michel Temer promised Sunday during a press conference he would step in should legislators under suspicion of corruption make an attempt to grant themselves any sort of amnesty, in what was perceived as a move by th Executive to sweep away much of the untrustworthiness it has brought upon itself as scandals kept surfacing in recent months.

  • Saturday, November 26th 2016 - 13:23 UTC

    Temer administration further weakened by more corruption claims: calls for impeachment

    Temer, who is deeply unpopular, has been struggling to push through an ambitious austerity agenda to pull Brazil out of its worst recession in decades.

    A Brazilian minister resigned on Friday amid allegations that he enlisted President Michel Temer's help to pressure a fellow Cabinet member to approve a luxury apartment development project in a preservation zone. The announcement feeds a growing scandal over alleged misuse of power that threatens Temer's presidency only six months after he replaced a predecessor ousted from office by Congress — and at a time corruption investigations have tarred many senior politicians.

  • Tuesday, November 22nd 2016 - 13:38 UTC

    Fiscal vulnerability of Brazilian economy exposed at a business conference

    Temer vowed to send a proposal to Congress next month to reform the pension system once lawmakers pass a spending cap.

    Brazilian President Michel Temer warned on Monday that the national debt could swell to the size of the country's gross domestic product within eight years should public spending not be brought under control and fiscal reforms not enacted.

  • Tuesday, November 22nd 2016 - 09:36 UTC

    Uruguay prepared to receive Lula da Silva if he requests political asylum

    “Brazil is a very important country for Uruguay, from all points of view; it is in the interest of us to have the best of possible relations with the government of Brazil”.

    President Tabare Vazquez said on Monday that Uruguay recognizes the government of president Michel Temer, respects the decisions of Brazil emerging from its political situation and admitted considering giving asylum to Brazilian politicians, if contemplated under International Law.

  • Tuesday, November 22nd 2016 - 09:00 UTC

    Santander bank confident of Brazil's “rapid recovery”

    President Temer received Ana Botin at the Planalto. She attended accompanied by the head of Santander's Brazilian unit, Sergio Rial.

    President Michel Temer met on Monday with Banco Santander chairman Ana Botin, who expressed the Spanish banking giant's confidence in Brazil's economic future despite the current downturn being experienced by Latin America's largest economy.

  • Thursday, November 17th 2016 - 08:54 UTC

    Demonstrators break into the Brazilian Lower House

    Several of the protesters shouted slogans against the government of Michel Temer and against corruption, calling for a military coup

    About 50 demonstrators on Wednesday invaded the Brazilian Chamber of Deputies causing chaos and forcing lawmakers to suspend the congressional session. The protesters, who had been demonstrating against social budget cuts outside the chamber, managed to get through the door and into the lower house itself after deceiving security agents tasked with restricting access.

  • Wednesday, November 16th 2016 - 09:38 UTC

    IMF anticipates a more gradual recovery of the Brazilian economy than forecasted

    Temer has said he will not raise taxes unless reforms fail to pass; IMF directors warned tax hikes may need to wait until the economy is on stronger footing.

    International Monetary Fund's executive board said on Tuesday that the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new government's efforts to avoid a fiscal crisis they expected a gradual recovery in Latin America's top economy.

  • Tuesday, November 15th 2016 - 11:07 UTC

    Shell planning to invest US$ 10bn in Brazil's deep water production

    Shell held a series of investor presentations in Brazil, and Chief Executive Ben van Beurden was received by president Temer in Brasília

    Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.