Tag: Brazil

• Monday, June 27th 2016 - 07:15 UTC

  Brazil's recession greater risk than Brexit for Argentina: could chip 1.5 percentage points from GDP

  

  Argentina’s annual rate of inflation was likely to have reached an annualized 42% through May, but should begin to slow in June with a return to growth also on the horizon, Finance Minister Alfonso Prat-Gay said in an address to investors in New York. The minister also said that for Argentina, Brazil's recession had a greater impact than Brexit.

• Monday, June 27th 2016 - 07:04 UTC

  Anti-Doping agency suspends testing laboratory in Rio for coming Olympics

  

  The World Anti-Doping Agency (WADA) has suspended the credentials of a testing laboratory in Rio de Janeiro that didn’t conform with international standards, just over a month before the city hosts the Olympic Games.

• Friday, June 24th 2016 - 22:10 UTC

  Oi telecommunications US$ 19bn bankruptcy, the largest in Brazil's history

  

  Brazilian telecoms giant Oi has filed the largest bankruptcy request in the country’s history, after failing to reach an agreement with creditors.

• Friday, June 24th 2016 - 12:02 UTC

  Ex-top minister of Lula and Rousseff arrested; Senator Gleisi Hoffmann house raided

  

  A top ex-minister of Brazil's suspended president Dilma Rousseff became the latest official to get arrested in a sprawling corruption probe on Thursday, authorities said. Police also searched the headquarters of Rousseff's Workers Party in Sao Paulo in one of a series of raids across five states in the country.

• Friday, June 24th 2016 - 09:03 UTC

  Brazil Lower House passes bill allowing foreigners 100% stake of national carriers

  

  Brazil's Chamber of Deputies approved this week an executive order allowing foreign investors 100% ownership of Brazilian airlines, compared to the current 20% limit, although the implementation depends on approval from the Senate.

• Friday, June 24th 2016 - 08:38 UTC

  Brazilian leading contractor, in plea bargain, expected to involve Rousseff directly in campaign illegal funding

  

  Marcelo Odebrecht, the former chief executive of Latin America’s largest construction company, will admit in a plea bargain testimony that he personally oversaw illegal campaign donations for suspended Brazilian president Dilma Rousseff in the 2010 and 2014 elections, Folha de São Paulo reported.

• Wednesday, June 22nd 2016 - 05:53 UTC

  Speaker of Brazil's Lower House will feel “proud” if Rousseff is impeached

  

  The speaker of Brazil's lower house of Congress, currently sidelined pending trial on corruption charges, said Tuesday that he will feel “proud” if the case against suspended President Dilma Rousseff ends with her impeachment.

• Tuesday, June 21st 2016 - 07:55 UTC

  Interim president Temer announces grace period for Brazilian states debts

  

  Brazilian states will get a six-month grace period on debts with the federal government, followed by a year and a half of reduced payments, interim President Michel Temer announced.

• Tuesday, June 21st 2016 - 07:29 UTC

  Brazil slams Mercosur policies of 'populist governments”; proposes a more flexible working accord

  

  Brazil wants a more flexible dynamic Mercosur which allows member countries to reach autonomous agreements with third parties, that can help overcome the de-industrialization process suffered by recent “populist governments”, said Brazilian foreign minister in a speech to the Sao Paulo State Federation of Industries, FIESP.

• Monday, June 20th 2016 - 05:22 UTC

  Peruvian First Lady charged with money laundering for electoral campaigns

  

  Judge Richard Concepcion ordered Peru's first lady and the president of the ruling Nationalist Party, Nadine Heredia, not to leave the country in order to answer charges of suspected money laundering in the electoral campaigns of 2006 and 2011.