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MercoPress, en Español

Montevideo, November 27th 2024 - 01:43 UTC

Tag: Brazil

  • Friday, February 9th 2018 - 09:54 UTC

    Brazilian congress member arrested on arrival from the US; he must spend five years in jail

    Police said the deputy was arrested at the airport as he arrived from the US because he had suddenly changed his final destination to Paraguay

    Brazil's federal police have arrested a congressman on corruption charges at Sao Paulo's international airport, saying they feared he could try to escape to Paraguay. A panel of the country's top court this week ordered the arrest of Congressman Joao Rodrigues after his corruption conviction was upheld by a federal court.

  • Thursday, February 8th 2018 - 11:19 UTC

    Long steel industry concentration in Brazil: ArcelorMittal taking over Votorantim

    Jefferson de Paula, ArcelorMittal executive vice president said the company's long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.

    The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the country’s largest long steel producer, a senior company executive said. Jefferson de Paula, ArcelorMittal executive vice president, said that ArcelorMittal’s long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.

  • Thursday, February 8th 2018 - 09:37 UTC

    Brazilian ex president Collor de Mello throws hit hat into the ring

    Senator Fernando Collor de Mello, Brazil’s president from 1990-1992, had to resign shortly before being impeached on corruption charges.

    Among the many possible contenders for Brazil’s next president are an ex-army captain, a TV presenter and a former head of state who may be in jail by the time of the election. Now, another eye-catching candidate has thrown his hat into the ring: Fernando Collor de Mello, Brazil’s president from 1990-1992, when he resigned shortly before being impeached on corruption charges.

  • Thursday, February 8th 2018 - 09:17 UTC

    Brazil's central bank beats inflation and recession: eyes now on the presidential election

    The central bank lowered the Selic rate by 0.25 percentage point, its 11th consecutive cut aimed at helping Brazil emerge from a stifling two-year recession.

    Brazil’s central bank cut its benchmark interest rate on Wednesday to a new low of 6.75%, but hinted it was now done with a historic easing cycle. The bank lowered the Selic rate by 0.25 percentage point, its 11th consecutive cut aimed at helping Latin America’s largest economy emerge from a stifling two-year recession.

  • Wednesday, February 7th 2018 - 09:56 UTC

    Brazil's second largest private bank names new CEO in a major shakeup

    Lazari has four decades of experience at the bank, beginning his career as a teenager in 1978 and is expected to take the helm next month

    Banco Bradesco SA, Brazil's second-largest private-sector lender, appointed a new chief executive who told journalists that demand for credit has already improved in the first month of 2018. Octavio Lazari, 54, head of Bradesco's insurance unit, was appointed as the bank's next CEO amid a broader management shakeup with younger executives joining the board and upper management ranks to tackle increasing competition from all-digital banks.

  • Wednesday, February 7th 2018 - 09:35 UTC

    Another Temer minister appointment on the cliff

    Cristiane Brasil, the government’s would-be labor minister, has twice had her appointment blocked by courts over her conviction for violating labor laws.

    With Brazil’s unpopular government battling to hold together a congressional coalition, President Michel Temer has been unlucky with his pick of cabinet ministers. Seven quit or were fired in his first year in office, four of them following allegations of wrongdoing. Among them, Geddel Vieira Lima, who was eventually arrested after police identified his fingerprints in an apartment filled with US$16 million in cash.

  • Tuesday, February 6th 2018 - 09:22 UTC

    Brazilian judge overturns injunction and allows the export of live cattle

    The injunction to halt the export of live animals was granted by a lower court in Sao Paulo on Friday on behalf of an animal rights group

    Brazil’s government has won a court decision allowing the export of live cattle, overturning an injunction obtained by an animal rights group, the Agriculture Ministry said on Monday.

  • Monday, February 5th 2018 - 05:16 UTC

    Falklands' oil industry expected to receive an FPSO by 2022

    Brazil leads the South American market with 24 planned and announced FPSOs, followed by Guyana and the Falkland Islands with one FPSO each.(Pic M Sitek)

    A total of 55 planned and announced floating production, storage, and offloading units (FPSOs) are expected to begin operations by 2022 worldwide, according to a report by GlobalData. In the South American list Brazil figures with 24 FPSOs, plus the Falkland Islands and Guyana with one each.

  • Saturday, February 3rd 2018 - 10:37 UTC

    Federal Judge orders authorities to return the passport of ex president Lula

    Lula’s plan to travel to Addis Ababa “was justified by a previously set professional commitment” and the trip would not have interfered with court proceedings

    A Brazilian federal judge ruled on Friday that authorities must return the passport of former President Lula da Silva, seized last week on the order of another court after his conviction for corruption was upheld on appeal. Lawyers for Lula, who governed from 2003-2011, handed over the passport to Brazil’s Federal Police on Jan. 26.

  • Wednesday, January 31st 2018 - 09:06 UTC

    Pension reform dispute between Brazil's Executive and Congress

    Congress leader Maia and Temer disagree regarding the better moment to vote the pension reform in the House.

    Brazilian Finance Minister Henrique Meirelles said on Monday that although there may be differences in strategy between president Michel Temer and the speaker of the House of Representatives, Rodrigo Maia, everyone's goal is to ensure the approval of the pension reform.