Brazil

Friday, May 13th 2016 - 06:13 UTC
US confident Brazil will address political challenges according to constitutional principles

United States continues to follow political development in Brazil and is confident that the country will work through its political challenges democratically in accordance with its constitutional principles, said the State Department spokesperson on Thursday in reply to a question on current events in Brasilia.
Thursday, May 12th 2016 - 18:26 UTC
Rousseff vows to keep fighting the “coup” that pretends to ignore her 54 million votes

Suspended Brazilian President Dilma Rousseff called the impeachment a ‘coup’, the result of a fraudulent process that ignores the 54 million people who voted for her, but vowed to keep fighting hours after on early Thursday, the Senate voted in favor of her impeachment trial.
Thursday, May 12th 2016 - 17:37 UTC
Temer acting president of Brazil after a 55/22 Senate vote to impeach Rousseff

After 20 hours of debate, a clear majority in the Brazilian Senate voted on early Thursday morning to suspend Brazilian President Dilma Rousseff, an action that removes her temporarily from office and sees her replaced by interim vice-president Michel Temer during her impeachment trial, which in 180 days could see her successor become full president until January 2019.
Thursday, May 12th 2016 - 08:53 UTC
Goldfajn considered the most probable candidate for Brazil's central bank

Brazil's Vice President Michel Temer could wait until June to appoint a new central bank chief if he takes over the reins of power this week, as part of a gradual transition to replace the bank's eight-member board, his spokesman said on Wednesday.
Thursday, May 12th 2016 - 08:37 UTC
Senate votes to remove Rousseff, but the target number is 54, two thirds of the upper house

A clear majority of Brazil's Senate indicated on Thursday it will vote to put President Dilma Rousseff on trial for breaking budget laws, signaling the end of 13 years of rule by the populist Workers Party in Latin America's largest nation.
Wednesday, May 11th 2016 - 09:59 UTC
Rousseff clears her office; full Senate votes to suspend the president

Brazilian President Dilma Rousseff has packed up personal photos and stripped the shelves in her third-floor office in the Planalto presidential palace, a sign she is accepting the loss of her job in a Senate vote on Wednesday.
Tuesday, May 10th 2016 - 18:31 UTC
Apologizes to the Brazilian people, and pledges to return US$ 280 million from a major construction contractor

Andrade Gutierrez, the second largest public works contractor in Brazil is to make public an “apology to the Brazilian people” for the illegal actions in the public construction contracts investigated by the Brazilian Federal Police's Lava Jato operation, reports Folha de Sao Paulo.
Tuesday, May 10th 2016 - 17:47 UTC
Rousseff's impeachment process back on track: Senate votes on Wednesday

Brazilian President Dilma Rousseff's impeachment process and possible suspension from office is back on track after the acting speaker of the Lower House, Waldir Maranhao repented and withdrew his controversial decision to annul an April 17 impeachment vote.
Tuesday, May 10th 2016 - 06:56 UTC
Brazil's political adrift situation shocks markets but is a plum day for speculators

Brazilian markets weakened on Monday after the acting lower house speaker in Brazil's Congress annulled an impeachment vote, though losses were pared as investors bet the move would delay rather than prevent leftist President Dilma Rousseff's removal from office.
Tuesday, May 10th 2016 - 06:38 UTC
Brazil's Byzantine politics: clash between senior lawmakers extends power vacuum

Brazil's Senate forged ahead with impeachment proceedings against President Dilma Rousseff on Monday, rejecting a surprise decision by the acting speaker of the lower house, who tried to annul a key vote just days before the president could be suspended from office.