Brazil

Friday, June 24th 2016 - 08:38 UTC
Brazilian leading contractor, in plea bargain, expected to involve Rousseff directly in campaign illegal funding

Marcelo Odebrecht, the former chief executive of Latin America’s largest construction company, will admit in a plea bargain testimony that he personally oversaw illegal campaign donations for suspended Brazilian president Dilma Rousseff in the 2010 and 2014 elections, Folha de São Paulo reported.
Wednesday, June 22nd 2016 - 05:53 UTC
Speaker of Brazil's Lower House will feel “proud” if Rousseff is impeached

The speaker of Brazil's lower house of Congress, currently sidelined pending trial on corruption charges, said Tuesday that he will feel “proud” if the case against suspended President Dilma Rousseff ends with her impeachment.
Tuesday, June 21st 2016 - 07:55 UTC
Interim president Temer announces grace period for Brazilian states debts

Brazilian states will get a six-month grace period on debts with the federal government, followed by a year and a half of reduced payments, interim President Michel Temer announced.
Tuesday, June 21st 2016 - 07:29 UTC
Brazil slams Mercosur policies of 'populist governments”; proposes a more flexible working accord

Brazil wants a more flexible dynamic Mercosur which allows member countries to reach autonomous agreements with third parties, that can help overcome the de-industrialization process suffered by recent “populist governments”, said Brazilian foreign minister in a speech to the Sao Paulo State Federation of Industries, FIESP.
Saturday, June 18th 2016 - 07:13 UTC
Rio under “state of public calamity” with seven weeks before the Olympics

Brazil's Rio state authorities have declared a “state of public calamity” over a major budget crisis, in order to release emergency funds to finance the Olympic Games. The decree authorizes the state to “adopt all necessary emergency measures to ration essential public services in order for the Rio 2016 Olympic Games and Paralympic Games to take place”.
Friday, June 17th 2016 - 07:04 UTC
A furious Temer describes corruption implications as “irresponsible, lying and criminal”

Brazilian interim president Michel Temer, described as “irresponsible, lying and criminal” a statement implicating him in the corruption at state oil company Petrobras.
Friday, June 17th 2016 - 06:52 UTC
Petrobras “ministerial bowling” in Brazil: head of Tourism knocked out

Brazil's tourism minister resigned on Thursday, less than two months before the country hosts the Olympics, as the government of interim President Michel Temer lost its third minister in a month to a sweeping graft probe of state oil company Petrobras.
Friday, June 17th 2016 - 00:13 UTC
Meirelles sponsors constitutional amendment to cap public spending increases

The government of Brazil’s interim president Michel Temer said on Wednesday it would propose to lawmakers a constitutional amendment to cap public spending increases for at least 10 years.
Thursday, June 16th 2016 - 11:54 UTC
Brazilian suspended lawmaker warns that if arrested he will take other politicians down with him

Brazil's congressional ethics committee voted to strip suspended Speaker Eduardo Cunha of his seat for allegedly lying about undeclared Swiss bank accounts, the latest in a series of political earthquakes to rock Latin America's largest country.
Thursday, June 16th 2016 - 11:04 UTC
Emergency Loans to three Brazilian states unable to pay salaries and pensions

Brazil is considering an emergency loan to aid, as many have called it, the broken state of Rio de Janeiro, according to two senior federal government officials. News reports said the federal loan would be shared with Rio Grande do Sul, and Minas Gerais states, where employees and pension beneficiaries are not getting paid.