Tag: Michel Temer

• Wednesday, June 27th 2018 - 08:38 UTC

  Pence in Brazil exposes US government's double standard on fleeing migrants

  

  United States Vice-president Mike Pence thanked Brazil on Tuesday for welcoming Venezuelans fleeing their country’s collapse, while warning Central Americans running from violence in their homelands not to attempt to enter the United States illegally.

• Tuesday, June 26th 2018 - 09:13 UTC

  Brazil's trade surplus hit strongly by the truckers’ strike

  

  The truck drivers' strike which paralyzed Brazil's trade and supply for about 10 days in May had a significant effect on the country's economy, its central bank reported on Monday.

• Tuesday, June 26th 2018 - 08:46 UTC

  Pence visits Brazil: children separated from parents and Venezuela refugees in the agenda

  

  President Michel Temer will press U.S. Vice President Mike Pence during his two-day visit to Brazil on cases of Brazilian children separated from their parents upon trying to enter the United States, a Brazilian diplomat said on Monday.

• Thursday, June 21st 2018 - 08:57 UTC

  Brazil eases rules in oil industry to boost production

  

  Brazil’s move to ease rules forcing oil producers to buy from domestic suppliers means Latin America’s top producer will be able to sustain output of 5 million barrels per day (pbd) by the mid-2020s, compared to just 3.7 million bpd under prior rules, consultancy Wood Mackenzie said in a report on Wednesday.

• Monday, June 18th 2018 - 11:14 UTC

  Uruguay chair of Mercosur, targets accord with China, exhausted of negotiations with the EU

  

  Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.

• Monday, June 18th 2018 - 08:17 UTC

  Several serious charges await for Temer when he steps down from office

  

  Brazilian President Michel Temer has denied charges that he instigated the payment of hush money to former Chamber of Deputies Speaker Eduardo Cunha, a Planalto statement said. The statement was made after the Federal Police delivered the final report of the investigations into a fraud scheme in credit released by state-owned bank Caixa from 2011 to 2013.

• Monday, June 18th 2018 - 07:21 UTC

  Temer's record unpopularity linked directly to the performance of the economy

  

  A Datafolha survey shows that the all-time high unpopularity of Brazilian President Michel Temer (MDB) is due essentially to dissatisfaction with the overall performance of his administration, particularly regarding the economy. It also shows that the president's personal image and the loss of status caused by corruption scandals that involve him are secondary issues.

• Friday, June 8th 2018 - 08:35 UTC

  Temer denies any risk of a currency crisis; Central bank pledges “all the necessary liquidity”

  

  Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.

• Thursday, June 7th 2018 - 09:04 UTC

  Brazilian currency falls amid rising investor worries and political turmoil

  

  The Brazilian currency has fallen to its lowest level against the dollar in more than two years, amid rising investor worries over recent economic and political turmoil. The Real is down 14% this year, near its lowest levels since March 2016. On Wednesday in New York, the dollar bought 3.8534 Reais, versus 3.8087 Reais late Tuesday.

• Thursday, May 31st 2018 - 08:27 UTC

  Debilitated Brazilian government challenged with an oil-workers 72-hour strike

  

  Brazilian oil workers began a 72-hour strike on Wednesday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America's largest economy for over a week. The strike affecting several rigs, refineries, plants and ports is the latest challenge for state-led oil firm Petrobras, whose shares have tumbled nearly 30% in two weeks over fears that political interference would unwind more investor-focused policies.