Tag: Brazil

Wednesday, April 11th 2018 - 09:11 UTC
March inflation in Brazil almost flat at 0.09%; Selic rate expected to be cut 25 extra points in May

Brazil's monthly inflation rate slowed dramatically to a nine-month low in March, suggesting the central bank may have been too slow to signal another interest rate cut as the data continued to fall short of its inflation target.
Wednesday, April 11th 2018 - 08:47 UTC
Brazil Supreme Court delays considering change to a law that could release jailed Lula

A Justice on Brazil's Supreme Court on Tuesday ordered a delay until next week of a debate on changing a law that could, if passed, lead to the imminent release of recently jailed ex-president Luiz Inacio Lula da Silva.
Wednesday, April 11th 2018 - 08:42 UTC
Brazilian stock exchange leads the world in growth in 2018

As Brazil continues to benefit from the return of growth and curbed interest rates and inflation, the São Paulo Stock Exchange has seen an unprecedented growth curve. In addition to achieving historical highs, the Brazilian stock market beat the performance of some of the largest stock exchanges in the planet. This means more people betting on Brazilian companies and the future of the country, according to a report from the Brazilian-American chamber of Commerce.
Tuesday, April 10th 2018 - 08:55 UTC
Temer names trusted official a Mines and Energy minister, ahead of decisive privatizations

Brazil’s President Michel Temer named Wellington Moreira Franco to take over the Mines and Energy Ministry, a key portfolio that includes overseeing the proposed privatization of Centrais Eletricas Brasileiras SA (Eletrobras).
Monday, April 9th 2018 - 08:42 UTC
Lula's defense hopes for an early retrieve if Supreme Court changes a key law

Brazil's ex-president Luiz Inacio Lula da Silva, who began a 12-year jail sentence on Saturday in Curitiba, could win an early reprieve if the country's top court decides to change a key law. Marco Aurelio Mello, a judge at the Supreme Federal Tribunal (STF), said he would petition the divided court next Wednesday to revisit the current law on incarceration during appeals.
Sunday, April 8th 2018 - 06:43 UTC
Lula in prison in Curitiba. Fiery-emotional speech to supporters before turning in

Brazil's leftist icon Luiz Inacio Lula da Silva turned himself in Saturday to start a 12-year sentence for corruption after a chaotic attempt by supporters to stop him from surrendering. Surrounded by bodyguards, Lula had to push through a seething throng of supporters to get into a police vehicle outside the metalworkers' union building in Sao Bernardo do Campo, where he had been holed up for two days and nights.
Saturday, April 7th 2018 - 08:19 UTC
Lula negotiating his surrender following a Saturday mass for his deceased wife

Ex-president Luiz Inacio Lula da Silva, Brazil's polarizing election frontrunner and leftist icon, was negotiating his surrender after dramatically skipping a first deadline Friday to start his 12-year prison sentence for corruption.
Saturday, April 7th 2018 - 02:43 UTC
Brazilian judge fines Facebook US$ 34m for failing to cooperate in graft probe

Brazilian judge has ordered that Facebook Inc pay 111.7 million Reais (US$ 33.4 million) for failing to cooperate with a corruption investigation, federal prosecutors said on Thursday, prompting Facebook to say it was exploring “all legal options.”
Friday, April 6th 2018 - 16:23 UTC
Lula resists arrest deadline waiting for last minute habeas corpus filed at an appeals court

Former Brazilian president Luiz Inácio Lula da Silva told Folha de Sao Paulo early Friday that he has decided not to turn himself at the Federal Police in Curitiba where he must serve a 12-year prison sentence for corruption, as ordered by judge Sergio Moro.
Friday, April 6th 2018 - 09:03 UTC
Brazilian judge fines Facebook US$ 34m for failing to cooperate in graft probe

Brazilian judge has ordered that Facebook Inc pay 111.7 million Reais (US$ 33.4 million) for failing to cooperate with a corruption investigation, federal prosecutors said on Thursday, prompting Facebook to say it was exploring “all legal options.”