Brazil

• Thursday, March 24th 2016 - 01:10 UTC

  Brazil's chief of staff warns about the “dangerous precedent” of ousting an unpopular government

  

  Brazilian President Dilma Rousseff's chief of staff on Wednesday said ousting her would set a “dangerous” precedent for unpopular governments to be toppled in the future. On Tuesday Rousseff said that ongoing impeachment proceedings against her in Congress constituted a “plot” against Brazil's institutions and the nation's stability.

• Tuesday, March 22nd 2016 - 06:25 UTC

  Petrobras losses in 4Q climb to US$ 10bn; more staff cuts expected

  

  Brazil's state-run oil company, Petrobras, reported a record quarterly loss of $10.2 billion on Monday due to a large reduction in the value of some assets amid lower oil prices. Petrobras has been at the center of a sprawling corruption scandal that has ensnared some of Brazil's most powerful lawmakers and business executives.

• Saturday, March 19th 2016 - 09:13 UTC

  Brazilian situation shows division among Unasur members

  

  Unasur, the Union of South American Nations is divided on how to address the Brazilian situation: while Uruguay, Venezuela, Ecuador and Bolivia have agreed on a strong statement in support of president Dilma Rousseff, Argentina expressed 'institutional support' and Chile abstained.

• Saturday, March 19th 2016 - 08:58 UTC

  Brazilian lawmakers make an exception and begin impeachment procedure against Rousseff on Friday

  

  The Brazilian opposition parties, meeting in the Lower House of Congress sped up the impeachment process against president Dilma Rousseff by holding a session on Friday, a day that lawmakers are normally away from Brasilia.

• Saturday, March 19th 2016 - 06:54 UTC

  Lula calls for justice, claims he is a victim of “unjustified acts of violence”

  

  Embattled former Brazilian president Lula da Silva on Friday released an open letter calling for “justice” as he affirmed he is the victim of “unjustified acts of violence.”“Justice, it is only justice what I expect for me and everybody within the framework of in-force democratic rule of law,” Lula said a day after he was sworn-in as the chief of staff of Brazilian President Dilma Rousseff and a judge in that country issued an injunction blocking his appointment.

• Saturday, March 19th 2016 - 06:40 UTC

  Lula takes to the streets claiming there's a coup, but he is no match to the over three million of Sunday

  

  Brazilian President Dilma Rousseff's supporters took to the streets on Friday to fight back at attempts to oust her, as a flurry of court battles raged over her controversial cabinet appointment of predecessor Lula da Silva. Waving the red flags of the ruling Workers' Party, (PT) tens of thousands of demonstrators took to the streets in the country's largest city, Sao Paulo, greeting Lula with thunderous cheers when he was hoisted onto a parked truck to address the crowd.

• Saturday, March 19th 2016 - 06:09 UTC

  Neymar ordered to pay US$ 52.2 million in back taxes to the Brazilian Treasury

  

  A Brazilian court has found Barcelona striker Neymar guilty of tax fraud and ordered him to pay 188.8 million Reais (US$ 52.2) in back taxes, interest and penalties according to reports on the local media on Friday.

• Saturday, March 19th 2016 - 05:54 UTC

  Argentina concerned about Brazilian political situation's impact on bilateral trade

  

  The Argentine government expressed its concern about the impact the Brazilian political crisis will have on trade between the two countries. Argentina and Brazil are the principal partners in the Mercosur common market, which also includes Paraguay, Uruguay and Venezuela. Brazil and Argentina are mutually principal destinations for their manufactured goods, meaning that bilateral trade is crucial for both.

• Friday, March 18th 2016 - 03:18 UTC

  Lula cabinet chief for twenty minutes; street protests in Brazilian cities

  

  Former leader Lula da Silva was sworn in as President Dilma Rousseff's chief of staff on Thursday amid a deepening crisis in Brazil as protests against his appointment continued for a second day and a judge sought to block the move.

• Friday, March 18th 2016 - 03:12 UTC

  Brazilian markets surge on prospects Rousseff will be removed

  

  Brazilian share prices surged on Thursday to close 6.6% higher, a seven-year record, after fresh setbacks to populist President Dilma Rousseff raised the prospect of her being driven from power.