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MercoPress, en Español

Montevideo, August 2nd 2025 - 14:03 UTC

Brazil

  • Friday, July 17th 2015 - 04:48 UTC

    Brazil's corruption scandals reach Lula da Silva: probe into influence peddling

    The probe targets Lula's alleged use of his clout after leaving office to help construction giant Odebrecht land billion-dollar contracts in Latam and Africa.

    Prosecutors in Brazil have announced a probe into possible influence peddling by former president Lula da Silva, involving the construction firm Odebrecht which is one of Latin America's largest engineering company. The investigation will center on Lula's alleged use of his clout after leaving office to help scandal-ridden construction giant Odebrecht land billion-dollar contracts in Latin America and Africa.

  • Wednesday, July 15th 2015 - 08:10 UTC

    Mercosur summit in Brasilia with a conflicting agenda; Paraguay takes chair

    President Dilma Rousseff faced with a serious recession is trying to increase the scope of markets for Brazilian exports

    Mercosur will be holding its half year presidential summit in Brasilia next Thursday and Friday, an event which will expose an abundance of trade and political conflicts, discrepancies and recurrent challenges despite all its members commitment to integration. Besides full members, Argentina, Uruguay, Paraguay, Venezuela and Brazil, leaders from Chile, Peru, Ecuador, Bolivia, Colombia, Guyana and Surinam have also been announced.

  • Wednesday, July 15th 2015 - 06:25 UTC

    Petrobras board member criticizes oil-exploration and local content policies

    Castello Branco said the local-content rules create a situation that favors the formation of cartels.

    Brazil's oil-exploration and local-content policies harm Petrobras and the country as a whole, a government-appointed member of the state-run company's board said on Tuesday. The comments were made by Roberto Castello Branco, who was named earlier this year by President Dilma Rousseff's administration to be one of the government's seven representatives on Petrobras board.

  • Wednesday, July 15th 2015 - 05:45 UTC

    Brazilian politicians' property raided by police in connection with Petrobras corruption

    Senator Collor De Melo confirmed on Twitter police had searched his house, and denounced “the climate of terror” he said the investigation is creating.

    Brazilian police have carried out search operations across seven states amid an ongoing investigation into a major corruption scandal involving state-run company Petrobras. The police said in a statement on Tuesday that the 53 search and seizure operations took place in “residences, offices, company headquarters, law firms, and public institutions” and were aimed at saving evidence from destruction.

  • Tuesday, July 14th 2015 - 06:00 UTC

    Brazil's economic team reaching out to credit rating agencies for a vote of confidence

    A downgrade from investment to speculative “junk” status would be a significant blow to Rousseff’s plan to revive investment and growth in Brazil

    Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff’s austerity push won’t fully offset plunging government revenues.

  • Monday, July 13th 2015 - 09:30 UTC

    Petrobras faces major class action lawsuit in US next February

    The investors of the company argue that Petrobras had window dressed the company’s accounts in order to make them appear more attractive

    Brazil's state-run oil producer Petrobras, said in a securities filing on Friday that its motion to dismiss a class-action lawsuit in the United States had been denied by the court. Petrobras said part of the complaint against the company relating to bonds issued in the United States in 2012 was denied.

  • Thursday, July 9th 2015 - 06:46 UTC

    Brazil's six-month inflation at 6.17%, highest for half year since 2003

    Finance Minister Levy, expects inflation starts to slow down at the end of this year towards the centre of the target in 2016: 4.5% with a maximum of 6.5%.

    Brazil's inflation was little changed at 0.79% in June, rising to 8.89% over the last 12, reported the Brazilian Institute of Geography and Statistics, IBGE, on Wednesday. May's rate was 0.74%. Main price rises accounting for a third of June's inflation included 29.19% for plane tickets, 4.95% in water taxes and gambling rates, officials said.

  • Thursday, July 9th 2015 - 06:29 UTC

    Brics summit takes off in Russia with an agenda full of economic and political issues

    Putin met with Brazilian president Rousseff in the sidelines of the summit. Brazil is interested in funding for an ambitious railway infrastructure project

    Russian President Vladimir Putin met on Wednesday with his Brazilian counterpart, Dilma Rousseff at the Siberian city of Ufa, where the Brics group summit is taking place. Previously, Putin had met with president Xi Jinping (China); Jacob Zuma (South Africa) and Indian Prime Minister Narendra Modi, the five countries that make up the group.

  • Thursday, July 9th 2015 - 06:18 UTC

    Petrobras 'suspicious' activities could involve as much as 16bn dollars

    Rodrigues told a congressional committee that the “suspicious movement of 51.9 billion Reales in operations linked to Petrobras” had been detected

    Investigators with Brazil’s Finance Ministry say they have identified as much as US$16 billion worth of suspicious activity that may be part of a kickback scandal engulfing the state-owned oil company Petrobras.

  • Wednesday, July 8th 2015 - 07:37 UTC

    Dilma rejects any suggestion of stepping down and blames “a bunch of coup mongers”

    “I'm not going to fall. No, I'm not. It's a political struggle. People fall when they're ready to fall and I'm not. There's no reason for it” Dilma said

    Brazilian President Dilma Rousseff said in an interview published Tuesday in the daily Folha de Sao Paulo that there's no reason she should be ousted, so she has no fear being removed. Rousseff went further and accused certain sectors of the opposition of being “a bunch of coup mongers”.