Brazil

• Tuesday, May 17th 2016 - 07:25 UTC

  Temer names a woman to head Brazil's giant development bank, BNDES

  

  Brazil’s interim President Michel Temer will replace the head of the government’s giant development bank with a female economist, following heavy criticism over his appointment of an all-male white cabinet.

• Monday, May 16th 2016 - 18:45 UTC

  Petrobras implosion takes a major player from the floating production systems market

  

  Brazil´s Petrobras problems has taken a major player from the market for new floating production systems in the oil business, according to a report from the industry. In effect absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending and the past 12 to 18 months have been a difficult period the whole deepwater production sector.

• Monday, May 16th 2016 - 06:15 UTC

  Temer government considering selling stakes of state controlled assets

  

  Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday.

• Monday, May 16th 2016 - 06:01 UTC

  Brazil's Jewish community supports Temer; hopeful of normalization of relations with Israel

  

  The elevation of a centrist vice president, Michel Temer, as Brazil’s president amid the impeachment process of Dilma Rousseff is expected to result in a less strained relationship between Brazil and Israel, as well as its Jewish community, Jewish leaders in Sao Paulo said.

• Monday, May 16th 2016 - 05:46 UTC

  Brazil warns neighbors about “propagating falsehoods over the internal political process”

  

  Brazil's interim government dismissed criticism by populist countries in Latin America, including Venezuela, Cuba and Bolivia, over the impeachment process of Dilma Rousseff, who was suspended as president by the senate.

• Saturday, May 14th 2016 - 09:09 UTC

  Temer's team confident it has the political support to implement tough measures

  

  Brazil's interim government said on Friday it has the political support for tough measures needed to return the economy to growth and can secure a permanent mandate once populist President Dilma Rousseff's impeachment trial is over. Presidential Chief of Staff Eliseu Padilha said the incoming government understood it was only provisional for now and had ordered portraits of Rousseff to be left hanging in federal buildings.

• Friday, May 13th 2016 - 11:30 UTC

  Argentina supports the institutional situation in Brazil, but fears effects of the neighbor's recession

  

  The Argentine government publicly showed its support for the new status quo in Brazil, minutes after the country’s vice-president, Michel Temer, temporarily took power after President Dilma Rousseff was suspended from office after the Senate voted to open impeachment proceedings against her early yesterday morning.

• Friday, May 13th 2016 - 07:13 UTC

  Brazil's third Sports minister since March with only 12 weeks to Rio Olympic Games

  

  Brazil shuffled its sports leadership team again on Thursday, just 85 days before the games arrive in Rio de Janeiro. The announcement came after vice president Michel Temer took over as the new acting president amid deep political turmoil. The previous president Dilma Rousseff was forced to temporarily resign following a Congressional vote to begin an impeachment trial against her for breaking budgetary laws.

• Friday, May 13th 2016 - 06:58 UTC

  Temer cabinet: inflation hawk in Finance and an anti-populist in foreign affairs

  

  Brazilian acting President Michel Temer on Thursday chose leading figures from nine centrist and conservative parties for his Cabinet, which for the first time in decades has no female ministers.

• Friday, May 13th 2016 - 06:46 UTC

  Temer calls on Brazil to rally behind the “national salvation” government

  

  Brazil's acting President Michel Temer called on his country to rally behind his government of “national salvation” hours after the Senate voted to suspend and put on trial his populist predecessor, Dilma Rousseff, for breaking budget laws.