Brazil's former president Luiz Inacio Lula da Silva will learn in January whether a prison sentence against him is upheld, officials said, potentially knocking him out of next year's presidential election. Lula was sentenced in July to 9.5 years behind bars after being convicted of corruption in Brazil's huge Car Wash graft scandal.
Ibovespa, the benchmark stock market index in Brazil, ended the last trading session of the year with a 0.43% rise to 76,402.08 points amid a lack of negative political news and tracking stock markets abroad.
The head of Brazil’s Supreme Court suspended parts of a Christmas decree from President Michel Temer granting pardons to convicted criminals on Thursday, saying Temer’s actions needed further examination by the court. Cármen Lúcia ruled largely in favor of a legal challenge by Brazil’s top prosecutor, Raquel Dodge, who said on Wednesday that the pardons were unconstitutional and threatened a probe into the country’s largest-ever corruption scandal.
Relatives and friends of some of the 132 police officers killed in Rio de Janeiro this year have taken part in a protest to honor their loved ones. It was organized by human rights NGO Rio de Paz. Police uniforms stained with red paint and red roses in their pockets were hung alongside plaques with the names of the officers killed in 2017.
Brazil's President Michel Temer has approved a law to create a National Mining Agency (ANM), according to a statement published in Wednesday's edition of the country's official gazette.
Brazilian President Michel Temer will appoint Congressman Pedro Fernandes as the new labor minister, the leader of the Brazilian Labour Party, Jovair Arantes, said on Wednesday. Brazilian Labor Minister Ronaldo Nogueira has resigned because he plans to seek a seat in Chamber of Deputies in next year's election.
Brazil maintains that the settlement of the Guyana/Venezuela Border is final and must be respected, according to the country's Foreign Minister Carl Greenidge. Following his attendance at the recently concluded Mercosur Summit held in Brazil, Greenidge said Brasilia has been updated on Venezuela’s contention that the 1899 Award is null and void, and remains resolute to its original position.
Brazil has declared Gerardo Maldonado, Venezuela’s top diplomat in the country, persona non grata in a tit-for-tat move that comes just days after Caracas expelled the Brazilian ambassador.
Brazil said it was suspending fish exports to the European Union in response to concerns raised by Brussels' veterinary inspectors. The move was aimed at preventing the EU itself from ordering a suspension, said Luis Rangel, the secretary of state in charge of fisheries.
Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.