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Montevideo, August 7th 2025 - 03:36 UTC

Brazil

  • Tuesday, April 12th 2016 - 08:52 UTC

    Temer's national unity message: a blooper or anticipation of pos-Rousseff Brazil

    The audio was posted on the website of the Folha de S.Paulo newspaper and confirmed by Temer's aides as authentic

    Brazil's vice president called for a government of national unity in a message that was released on Monday apparently by mistake, further complicating the political crisis and impeachment process against President Dilma Rousseff.

  • Tuesday, April 12th 2016 - 07:15 UTC

    Brazil's Lower House votes on Rousseff's impeachment next Sunday

    The special committee voted 38 to 27 in favour of accepting impeachment charges against president Dilma Rousseff

    A commission considering impeachment charges against Brazilian President Dilma Rousseff voted on Monday 38 to 27 in favour of accepting them, which sends the question to the full lower house of Congress for a vote most probably next Sunday. The decision deals a blow to the beleaguered Brazilian president and complicates the country’s political situation.

  • Monday, April 11th 2016 - 07:03 UTC

    Brazilians favor early elections if both Rousseff and Temer are impeached

    According to Datafolha, 61% of Brazilians want Rousseff to be impeached by Congress, compared to 68% in March, while 58% want Temer to have the same fate.

    A smaller majority of Brazilians favor the impeachment of President Dilma Rousseff compared to last month, while more than half want her immediate successor to be impeached too, according to a survey released on Saturday by polling firm Datafolha.

  • Friday, April 8th 2016 - 09:25 UTC

    Brazil's model of 'national production' is over: a Mercosur open to the world a solution

    “Mercosur domestic market is not sufficient to support sustained economic growth in country members and to achieve that we need to export more” said Botafogo.

    Brazil exhausted its economic model, the domestic market is no longer enough and Brazilian protectionism hindered competitiveness and scared foreign investment, claimed retired Brazilian diplomat Jose Botafogo at the international symposium “The future of Mercosur” organized in Paraguay as part of the 25th anniversary celebration of the South American block.

  • Thursday, April 7th 2016 - 10:06 UTC

    Rousseff impeachment vote on Monday but outcome uncertain; Congress remains divided

    The Rapporteur said there were “minimal indications” that Rousseff had committed an impeachable “crime of responsibility”

    The rapporteur of a lower-house impeachment committee said in a report that congressional proceedings that could lead to Brazilian President Dilma Rousseff's removal from office should continue. The report by lawmaker and committee member Jovair Arantes must now be voted on by all 65 members of that Chamber of Deputies special panel on Monday.

  • Wednesday, April 6th 2016 - 08:42 UTC

    Brazil's governance crisis closer to a snap election as soon as October

    Justice Marco Aurelio Mello told the lower house to convene an impeachment committee to consider putting Temer on trial

    A Supreme Court judge ordered Brazil's Congress on Tuesday to start impeachment proceedings against Vice President Michel Temer, deepening a political crisis and uncertainty over leadership of Latin America's largest country. Justice Marco Aurelio Mello told the lower house to convene an impeachment committee to consider putting Temer on trial on charges he helped manipulate budget accounting as part of President Dilma Rousseff's administration.

  • Tuesday, April 5th 2016 - 06:26 UTC

    Brazil's defense makes its case before the congressional impeachment committee

    “Impeaching Rousseff would be a coup, a violation of the constitution, an affront to the rule of law, without any need to resort to bayonets,” Cardozo told Congress

    Attorney General Jose Eduardo Cardozo told the congressional impeachment committee Monday that Rousseff had done nothing wrong and to remove her would be tantamount to a putsch.“As such, impeaching her would be a coup, a violation of the constitution, an affront to the rule of law, without any need to resort to bayonets,” Cardozo told the 65-member committee.

  • Tuesday, April 5th 2016 - 05:47 UTC

    Panama Papers: Brazil with 57 names including companies and politicians from all parties

    O Estado said names in the leaked files included politicians from Brazil's largest party PMDB, which broke away from President Rousseff's coalition last week.

    Politicians from seven parties in Brazil were named as clients of a Panama-based firm at the center of a massive data leak over possible tax evasion, O Estado de S.Paulo said on Monday.

  • Monday, April 4th 2016 - 04:12 UTC

    Petrobras launches voluntary layoff program to cut 12.000 jobs

    Investors have long criticized Petrobras for over hiring and struggling to cut some of the 57,000 people it directly employs when things get tough.

    Brazil's embattled oil company Petrobras said it will launch a voluntary layoff program to cut an estimated 12,000 jobs in a bid to save up to 33 billion reais ($9.20 billion) by 2020. The program will cost 4.4 billion reais and is open to all employees, according to a statement from Petrobras, which has been hard hit by low oil prices, refinery project problems and a massive price-fixing, bribery and political kickback scandal.

  • Sunday, April 3rd 2016 - 07:52 UTC

    Mega corporation Odebrecht involved in Petrobras case, plans to sell assets to meet debt obligations

    Marcelo  Odebrecht was sentenced to 19 years in prision

    Troubled Brazilian construction company Odebrecht SA plans to sell about 12 billion reais (US$3.4 billion) in assets to help meet its debt obligations, according to the builder’s chief executive officer. The company had a gross debt of 85 billion reais in 2014, the most recent figure available, but much of it is long-term debt and the biggest payments start only in 2025, Odebrecht CEO Newton de Souza said in an interview published Friday in the Folha de S. Paulo newspaper.