Tag: Brazil

Saturday, October 28th 2017 - 13:32 UTC
Temer survives biology and court charges, but his reforms' agenda is significantly weakened

President Michel Temer’s administration turned its attention Thursday to pressing its reform agenda, but it is unclear if it has the support to govern after convincing a small majority in Brazil's Congress not to suspend the leader and make him stand trial on corruption charges.
Tuesday, October 24th 2017 - 07:37 UTC
Brazil's Temer admits the pensions' reform could be delayed until next year

Brazil's President Michel Temer admits for the first time that the crucial pension reform legislation could not be passed by Congress this year. In an interview with Poder360 news website, Temer said the government had to again consult lawmakers in the government coalition, many of whom have already said they are doubtful the legislation will pass this year.
Thursday, October 19th 2017 - 20:53 UTC
“Untouchable” Temer does it again: Brazilian congress will support his full presidential mandate

A Brazilian congressional committee on Wednesday voted against making President Michel Temer stand trial on corruption charges. The 39-26 vote by the justice committee in the lower house was non-binding but gives Temer political momentum ahead of the full chamber taking up the issue.
Wednesday, October 18th 2017 - 07:37 UTC
Brazilian Senate challenges Supreme Court and returns suspended lawmaker

The Senate on Tuesday rejected a decision of Brazil's top court and returned a suspended lawmaker to his post, in what critics said was the latest self-protection move by politicians accused of corruption.
Saturday, October 7th 2017 - 09:10 UTC
UK and Brazil sign MoU to enhance cooperation and promote direct investment

Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, announced on Friday it has signed a Memorandum of Understanding (MoU) with the UK’s Department for International Trade (DIT) that aims to enhance cooperation to promote foreign direct investment between Brazil and the UK.
Friday, October 6th 2017 - 20:07 UTC
Brazilian police discovers 500-meter tunnel and foils record bank heist plot

Brazilian police say they have foiled a bank heist plot in which would-be robbers dug a 500-meter tunnel to a Sao Paulo branch of government-owned Banco do Brazil.
Thursday, October 5th 2017 - 10:55 UTC
Brazil' finance minister eyeing to run for president in 2018

Brazil’s Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, the Sao Paulo, Brasilia and Rio do Janeiro media have anticipated, the sign yet that the former banker is seriously eyeing a run for president.
Thursday, October 5th 2017 - 09:23 UTC
The next big offshore boom is about to happen...in Brazil

By Irina Slav for Oilprice.com - Say what you will about offshore oil and gas exploration, but it's still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.
Wednesday, October 4th 2017 - 08:22 UTC
Petrobras controversy: Brazil denies any current plans to privatize the company

A senior official in Brazil said there are no current plans to privatize the national oil company to deal with its massive debt, according to a new report by Reuters. Fernando Coelho Filho, the minister of mines and energy, had suggested that Petrobras could face such a sale in the future, but did not provide a concrete timeline.
Tuesday, October 3rd 2017 - 07:33 UTC
Judge Moro says Petrobras corruption probe is nearing an end

The judge overseeing a sprawling corruption probe into billions of dollars in kickbacks to Brazilian politicians and officials said Monday that the investigation is nearing an end. Judge Sergio Moro didn't set a timeline for when the “Car Wash” probe might wrap up. However, he said he is personally “a bit tired” of the work and believes it is in its final phases.