Tag: Brazil

• Friday, August 11th 2017 - 11:36 UTC

  Massive 356 kilos emerald unearthed in northern Brazil

  

  A massive 356 kilos emerald was unearthed recently by miners inside the Carnaiba Mine in Brazil. This incredible emerald specimen stands 1.3 meters tall and is valued at approximately US$ 309 million.

• Thursday, August 10th 2017 - 20:05 UTC

  Brazil´s annualized inflation in July was 2.71%, the lowest since 1999

  

  Brazilian prices rose in July at an annual rate of 2.71%, the lowest for 18 years, the government statistics office said Wednesday. This was good news for consumers in Latin America's biggest economy, which is inching out of its deepest recession in history, and was considered likely to lead to sharper interest rate cuts.

• Tuesday, August 8th 2017 - 17:12 UTC

  Brazilian Attorney General describes president Temer as a “thug”

  

  Brazil’s attorney general strongly criticized Congress’ lower house on Monday for voting against putting President Michel Temer on trial for bribery, adding that plea bargains being negotiated could lead to charges of racketeering and obstruction of justice.

• Monday, August 7th 2017 - 21:14 UTC

  Brazilian army troops storm Rio favelas to crack crime gangs

  

  Thousands of Brazilian army troops raided Rio de Janeiro slums in a pre-dawn crackdown on crime gangs over the weekend, leaving parts of the city looking like a war zone on the first anniversary of the opening of the Olympic Games. Five favelas were targeted by around 1,300 police and 3,600 troops in a sweep starting at 4 a.m., the Rio state security service said in a statement.

• Friday, August 4th 2017 - 08:09 UTC

  Temer expected to retake reforms agenda with Congress, but how strong is he?

  

  Brazil's Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer. Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target.

• Thursday, August 3rd 2017 - 21:45 UTC

  Brazil's Judge Moro claims there is lack of interest from the political establishment to fight corruption

  

  Brazilian federal judge Sergio Moro, the man behind Brazil's largest ever corruption investigation, said there is still lack of interest from the country's political establishment to fight corruption, despite the political and economic crisis the practice sent the country into.

• Thursday, August 3rd 2017 - 21:34 UTC

  Private investors decide to return Brazilian airport concession: business half of what was projected

  

  Shareholders of a company set up to run Brazil's Viracopos airport have decided to return the concession to the government to seek other bidders in a new auction, they said, citing unexpectedly low passenger traffic.

• Thursday, August 3rd 2017 - 07:01 UTC

  Canny Temer survives vote in the Lower House: “a clear undisputable victory”

  

  Brazilian lawmakers tossed out a corruption charge against scandal-plagued President Michel Temer on Wednesday, saving the conservative leader from becoming the country’s second leader in 12 months to be forced from office. Despite hugely embarrassing bribery allegations, Temer had been expected to survive.

• Wednesday, August 2nd 2017 - 07:12 UTC

  To save or not to save Temer, Brazilian lawmakers' challenge in an televised live vote on a bribery charge

  

  August has been a devastating month for Brazilian presidents, 31 days in which they have been impeached or resigned. One even committed suicide, Getulio Vargas in 1954, and for Michel Temer's own predecessor, ex president Dilma Rousseff, it was her demise when she was removed last Aug. 31 for breaking fiscal rules in her management of the budget.

• Tuesday, August 1st 2017 - 06:36 UTC

  Hammond in Brazil announced the doubling of support for bilateral trade

  

  The Chancellor, Philip Hammond, has unveiled a series of new commercial agreements with Brazil on Monday, on day one of his visit to showcase British business and deepen trade and economic ties with South America’s biggest economies. Among the measures has been doubling support to £3 billion, to promote bilateral trade.