Brazil

Wednesday, August 17th 2016 - 03:01 UTC
Dilma and Lula face investigation for justice obstruction, reports GloboNews

Brazilian Federal Supreme Court justice has authorized the opening of an investigation into President Dilma Rousseff and her predecessor Lula da Silva for allegedly working to obstruct the course of a sweeping corruption probe, GloboNews news channel said on Tuesday.
Tuesday, August 16th 2016 - 21:53 UTC
Australian Olympic robbed during a fire evacuation at the Rio Village

Members of the Australian Olympic team were robbed during a fire evacuation at the Rio de Janeiro Olympic Village, in the latest of a series of complaints about the athletes’ housing complex. The Australian building was evacuated Friday after a fire in the basement, which was likely started by a cigarette.
Tuesday, August 16th 2016 - 21:12 UTC
Temer banned from running for political office by a Sao Paulo electoral court

A regional electoral court in Sao Paulo issued a guilty verdict against interim Brazilian President Michel Temer on election law violation charges, and declared the politician ineligible to run for political office for eight years as a result of having a “dirty record.”
Tuesday, August 16th 2016 - 20:12 UTC
Brazilian flag flies at half mast in the Olympics in honor of Joao Havelange

Former FIFA president and IOC member Joao Havelange has died aged 100. The Brazilian, whose name is one of those used for the track and field stadium for the Rio Games (Estádio Olímpico João Havelange), played a key role in bringing the Olympics to his country. He called on IOC members at the host city vote in 2009 to “join me in celebrating my 100th birthday'” at the Rio Olympics.
Tuesday, August 16th 2016 - 07:17 UTC
Mercosur on collision course: Uruguay rejects collective presidency sponsored by Brazil

Uruguay's Foreign Minister Rodolfo Nin Novoa said on Monday that he was opposed to the proposal that the Mercosur presidency should be held collectively, as a number of countries are opposed to Venezuela taking over the role. The proposal has been sponsored by Paraguay and Brazil for several weeks, particularly Brazil's Foreign Minister Jose Serra.
Tuesday, August 16th 2016 - 06:50 UTC
Sao Paulo's bull stock market reflects investors' confidence of Brazil's GDP rebound

Brazil's Ibovespa rose on Monday to the highest level in almost two years as an advance in crude oil lifted the shares of Petrobras while estimates for a faster economic recovery fueled bets on companies that rely on domestic demand.
Tuesday, August 16th 2016 - 06:38 UTC
Fearful of public's reaction Temer will not attend Rio Olympics closing ceremony

Brazil's interim President Michel Temer's press office informed on late Monday that he will not attend the closing ceremony of the Rio Olympic Games, which will be held on the evening of August 21 at the world-renowned Maracana stadium.
Monday, August 15th 2016 - 15:09 UTC
July inflation in Brazil remains over target: 8.74% in twelve months

Inflation in Brazil rose more sharply in July than economists expected, official data showed, raising pressure on the central bank to keep interest rates on hold for some time.
Monday, August 15th 2016 - 07:19 UTC
Brazil concerned about the 25% surge of the Real against the US dollar

The Brazilian Real weakened further on Friday after interim President Michel Temer showed concern over currency strength, while stocks edged lower following a heavy batch of quarterly results including state controlled oil company Petrobras.
Saturday, August 13th 2016 - 08:50 UTC
Media exposes Brazil congress 'behind the scenes' plot for a 'corruption amnesty' in the Petrobras case

Brazilian financial newspaper Valor Econômico revealed details of an alleged corruption amnesty currently being discussed by lawmakers who have been accused of alleged involvement in the graft scandal at state oil firm Petrobras.