Tag: Brazil

• Saturday, June 18th 2016 - 07:13 UTC

  Rio under “state of public calamity” with seven weeks before the Olympics

  

  Brazil's Rio state authorities have declared a “state of public calamity” over a major budget crisis, in order to release emergency funds to finance the Olympic Games. The decree authorizes the state to “adopt all necessary emergency measures to ration essential public services in order for the Rio 2016 Olympic Games and Paralympic Games to take place”.

• Friday, June 17th 2016 - 07:04 UTC

  A furious Temer describes corruption implications as “irresponsible, lying and criminal”

  

  Brazilian interim president Michel Temer, described as “irresponsible, lying and criminal” a statement implicating him in the corruption at state oil company Petrobras.

• Friday, June 17th 2016 - 06:52 UTC

  Petrobras “ministerial bowling” in Brazil: head of Tourism knocked out

  

  Brazil's tourism minister resigned on Thursday, less than two months before the country hosts the Olympics, as the government of interim President Michel Temer lost its third minister in a month to a sweeping graft probe of state oil company Petrobras.

• Friday, June 17th 2016 - 00:13 UTC

  Meirelles sponsors constitutional amendment to cap public spending increases

  

  The government of Brazil’s interim president Michel Temer said on Wednesday it would propose to lawmakers a constitutional amendment to cap public spending increases for at least 10 years.

• Thursday, June 16th 2016 - 11:54 UTC

  Brazilian suspended lawmaker warns that if arrested he will take other politicians down with him

  

  Brazil's congressional ethics committee voted to strip suspended Speaker Eduardo Cunha of his seat for allegedly lying about undeclared Swiss bank accounts, the latest in a series of political earthquakes to rock Latin America's largest country.

• Thursday, June 16th 2016 - 08:33 UTC

  Temer linked to the Petrobras scandal by a key witness

  

  Brazil's interim president Michel Temer has been linked to one of the country's biggest corruption scandals in testimony by a key witness made public Wednesday. . Sergio Machado, former chief executive of state oil company Petrobras, said that Temer had asked for money from the company to fund political campaigns for himself and other members of his party.

• Thursday, June 16th 2016 - 07:11 UTC

  Supreme Court lets three powerful Temer allies off the hook

  

  Brazil's Supreme Court has rejected a request by the nation’s Attorney General to arrest three senior members of acting President Michel Temer’s party in connection with the massive corruption investigation focused on Petrobras.

• Wednesday, June 15th 2016 - 11:46 UTC

  Rio Games receive the blessing from Olympic Committee president

  

  International Olympic Committee president Thomas Bach said on Tuesday he was “happy” with interim Brazilian president Michel Temer's commitment to the Rio Games, following his first meeting with the host country's new leader.

• Tuesday, June 14th 2016 - 08:40 UTC

  Venezuela opposition leader in Latin American tour in search for support

  

  One of Venezuelan top opposition leader on Monday launched a tour of Latin American countries to rally support for his side in its bid to remove President Nicolas Maduro from office. Henrique Capriles, a senior figure in the opposition MUD coalition, was in Paraguay, Argentina and planned to move on to Brazil.

• Tuesday, June 14th 2016 - 08:32 UTC

  Brazil and Argentina crop problems raise demand for US supplies

  

  Domestic supplies of corn and soybeans will be tighter than expected in the United States as problems with crops in Brazil and Argentina have raised demand for U.S. supplies from overseas buyers, the U.S. Agriculture Department. In its latest monthly supply and demand report, the government cut its new-crop and old-crop ending stocks outlooks for both corn and soybeans by more than analysts had forecast.