Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday.
The elevation of a centrist vice president, Michel Temer, as Brazil’s president amid the impeachment process of Dilma Rousseff is expected to result in a less strained relationship between Brazil and Israel, as well as its Jewish community, Jewish leaders in Sao Paulo said.
Brazil's interim government dismissed criticism by populist countries in Latin America, including Venezuela, Cuba and Bolivia, over the impeachment process of Dilma Rousseff, who was suspended as president by the senate.
Brazil's interim government said on Friday it has the political support for tough measures needed to return the economy to growth and can secure a permanent mandate once populist President Dilma Rousseff's impeachment trial is over. Presidential Chief of Staff Eliseu Padilha said the incoming government understood it was only provisional for now and had ordered portraits of Rousseff to be left hanging in federal buildings.
Brazilian acting President Michel Temer on Thursday chose leading figures from nine centrist and conservative parties for his Cabinet, which for the first time in decades has no female ministers.
Brazil's acting President Michel Temer called on his country to rally behind his government of “national salvation” hours after the Senate voted to suspend and put on trial his populist predecessor, Dilma Rousseff, for breaking budget laws.
United States continues to follow political development in Brazil and is confident that the country will work through its political challenges democratically in accordance with its constitutional principles, said the State Department spokesperson on Thursday in reply to a question on current events in Brasilia.
Brazil's Vice President Michel Temer could wait until June to appoint a new central bank chief if he takes over the reins of power this week, as part of a gradual transition to replace the bank's eight-member board, his spokesman said on Wednesday.
A clear majority of Brazil's Senate indicated on Thursday it will vote to put President Dilma Rousseff on trial for breaking budget laws, signaling the end of 13 years of rule by the populist Workers Party in Latin America's largest nation.
Brazilian President Dilma Rousseff has packed up personal photos and stripped the shelves in her third-floor office in the Planalto presidential palace, a sign she is accepting the loss of her job in a Senate vote on Wednesday.