Tag: Brazil

Wednesday, April 19th 2017 - 14:38 UTC
Brazilian economy gives signs of recovery, but many challenges remain

Economic activity in Brazil grew in February at the fastest pace since January 2010, a central bank indicator showed this week, in the strongest sign yet that Latin America's largest economy is emerging from a two-year recession. Bumper harvests are expected to have lifted agricultural production in the first quarter of the year, while industrial output improved on a pickup in car exports.
Wednesday, April 19th 2017 - 14:27 UTC
Police unions storm Congress in Brasilia to protest pension reform bill

Brazilian President Michel Temer on Tuesday made new concessions to ease passage of an unpopular pension reform bill, leading police unions to try and invade Congress in the latest angry demonstration from a labor group.
Tuesday, April 18th 2017 - 08:29 UTC
US judge sentences Odebrecht to pay US$ 2.6 billion in fines

A United States judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay US$2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S., Brazilian and Swiss authorities.
Monday, April 17th 2017 - 14:18 UTC
Odebrecht's state of the art Division of Structured Operations, better known as “bribe department”

The Brazilian engineering group Odebrecht kept a secret communications system to discuss and arrange the payments of bribes. A detailed spreadsheet mapped out who got what, all veiled under a system of codenames, and overseeing it all, there was an entire department at Odebrecht whose only purpose was to ensure the graft ran smoothly.
Monday, April 17th 2017 - 08:13 UTC
Brazil's Odebrecht in nine years paid out bribes equivalent to US$ 3.3 billion

Odebrecht SA , the Brazilian engineering company at the center of a historic corruption scandal, paid about US$3.3 billion in bribes over a nine-year period that ran through 2014, according to testimony cited by local media in Sao Paulo.
Thursday, April 13th 2017 - 07:30 UTC
Brazil central bank slashes money cost; estimates Selic rate at 8.5% by end of the year

Brazil's Central Bank cut the key interest rate by a full one percentage point on Wednesday in an effort to inject life into the floundering economy. This was the fifth straight cut, taking the key Selic rate to 11.25%.
Wednesday, April 12th 2017 - 08:41 UTC
Corruption quake in Brazil: Justice to investigate, 9 ministers, 24 senators, 39 deputies and 3 governors

An institutional and political earthquake is shaking Brazil: the Supreme Court has opened corruption investigations into nine ministers, three governors, 24 senators, 39 members of the Lower House and other elected officials totaling at least 108 politicians, according to a report published on Tuesday by O Estado de Sao Paulo.
Wednesday, April 12th 2017 - 08:34 UTC
Brazil says the RAF Falklands-outbound flight last Saturday was on a search and rescue mission

The RAF Hercules flight which last Saturday landed in the international Brazilian airport of Porto Alegre was flying from the Falkland Islands on a search and rescue mission, as part of a humanitarian effort, according to the Brazilian reply delivered to the Argentine foreign ministry, and reported by political analyst Martin Dinatale.
Tuesday, April 11th 2017 - 15:55 UTC
Brazil beef exports should return to normal in May, says the industry

Brazil's beef exports should return to normal levels between April and May as the country's efforts to reverse import bans have started to bear fruit in the wake of a food safety scandal that surfaced last month, industry group Abrafrigo said.
Tuesday, April 11th 2017 - 08:09 UTC
Brazil planning concession auctions for another ten airports

Brazilian Minister of Planning, Development and Management, Dyogo Oliveira said the government is considering awarding concession contracts with the private sector for at least another ten airports. Potential terminals include Goiânia, Vitória and Recife, according to the minister.