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MercoPress, en Español

Montevideo, October 24th 2025 - 13:59 UTC

Brazil

  • Tuesday, November 22nd 2016 - 09:04 UTC

    “Surreal” to think Lula was not aware of the massive corruption schemes

    “The president did not get involved with the details, but he was absolutely aware of the interests that encircled the management at Petrobras,” Amaral said in testimony

    Former Senator Delcídio do Amaral described as “surreal” the notion that former President Lula da Silva was not aware of a giant corruption scheme active during his tenure, in testimony on Monday marking the start of the trial against the man that ran Brazil from 2003 to 2010.

  • Tuesday, November 22nd 2016 - 09:00 UTC

    Santander bank confident of Brazil's “rapid recovery”

    President Temer received Ana Botin at the Planalto. She attended accompanied by the head of Santander's Brazilian unit, Sergio Rial.

    President Michel Temer met on Monday with Banco Santander chairman Ana Botin, who expressed the Spanish banking giant's confidence in Brazil's economic future despite the current downturn being experienced by Latin America's largest economy.

  • Saturday, November 19th 2016 - 21:38 UTC

    Ex Rio governor and evangelical pastor arrested on suspicion of vote-rigging

    Garotinho, an evangelical pastor and radio personality, governed Rio state from 1992 to 2002; he made a run for president and finished third in 2002.

    Anthony Garotinho, a former governor of Rio de Janeiro state and presidential hopeful, was arrested Wednesday on suspicion of attempted vote-rigging in last month's municipal elections, Brazil's Federal Police said.

  • Friday, November 18th 2016 - 08:53 UTC

    Former governor of Rio do Janeiro arrested for allegedly embezzling public works funds

    Cabral was arrested in an operation linked to Brazil's Petrobras corruption investigation, involving prominent business leaders and politicians

    The former governor of the Brazilian state of Rio de Janeiro was arrested Thursday for allegedly embezzling funds intended for public works projects, authorities said. Sergio Cabral was apprehended at his home in Rio de Janeiro city's Leblon neighborhood just one day after another former governor of that same state, Anthony Garotinho, was detained on suspicion of attempted vote-rigging.

  • Thursday, November 17th 2016 - 08:54 UTC

    Demonstrators break into the Brazilian Lower House

    Several of the protesters shouted slogans against the government of Michel Temer and against corruption, calling for a military coup

    About 50 demonstrators on Wednesday invaded the Brazilian Chamber of Deputies causing chaos and forcing lawmakers to suspend the congressional session. The protesters, who had been demonstrating against social budget cuts outside the chamber, managed to get through the door and into the lower house itself after deceiving security agents tasked with restricting access.

  • Wednesday, November 16th 2016 - 09:38 UTC

    IMF anticipates a more gradual recovery of the Brazilian economy than forecasted

    Temer has said he will not raise taxes unless reforms fail to pass; IMF directors warned tax hikes may need to wait until the economy is on stronger footing.

    International Monetary Fund's executive board said on Tuesday that the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new government's efforts to avoid a fiscal crisis they expected a gradual recovery in Latin America's top economy.

  • Wednesday, November 16th 2016 - 09:16 UTC

    Brazil's annual inflation below 8%; October's 0.26% increase was the lowest since 2000

    With inflation on a downward path, the central bank cut interest rates last month from a decade high to help lift the economy out of a two-year downturn.

    Brazil's annual inflation rate in October fell below 8% for the first time since February 2015, keeping the door open for small interest rate cuts as a deep recession lingers. Prices rose 7.87% in the 12 months through October, down from an annual increase of 8.48% in the previous month, statistics bureau IBGE said.

  • Wednesday, November 16th 2016 - 08:55 UTC

    Brazil and Argentina crop and yield estimates on the increase

    Brazil’s CONAB has raised its soybean production estimate to 103.5 MMT, an increase of 1.9 MMT, and also increased soybean exports by 5 MMT

    Brazil and Argentina production estimates are going up, but hailstorms ruined soybean and corn crops in Argentina’s Santa Fe Province. However, La Niña is forecast to be relatively mild this year, according to NOAA forecasters.

  • Tuesday, November 15th 2016 - 11:07 UTC

    Shell planning to invest US$ 10bn in Brazil's deep water production

    Shell held a series of investor presentations in Brazil, and Chief Executive Ben van Beurden was received by president Temer in Brasília

    Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.

  • Monday, November 14th 2016 - 07:54 UTC

    Petrobras cleans balance sheet and posts unexpected third quarter loss

    Despite losses, operational and cash flow trends improved, said Chief Financial Officer Ivan Monteiro said.

    Brazilian state-controlled oil company Petrobras posted an unexpected third-quarter loss after drastically reducing the value of oil fields and other assets amid a severe downsizing and weak oil prices. Petrobras lost a net 16.458 billion reais (US$4.9 billion) last quarter, five times more than a year earlier. Despite that, operational and cash flow trends improved and, without an impairment, profit could have totaled 600 million Reais, Chief Financial Officer Ivan Monteiro said.