Tag: Brazil

• Friday, May 20th 2016 - 10:57 UTC

  Temer promises to appoint women to the government “a little further ahead”

  

  Acting President Michel Temer promised on Thursday that he will at some point have women in his currently all white-male Cabinet. Federal lawmaker Josi Nunes told journalists in Brasilia that Temer pledged at a meeting with congresswomen that he would be bringing females into his government “a little further ahead.”

• Thursday, May 19th 2016 - 12:07 UTC

  Brazilian Justice gives Rousseff ten days to reply the claims of “a coup”

  

  Brazils Supreme Tribunal (STF) Justice Rosa Weber has given suspended president Dilma Rousseff ten days to explain her repeated statements that the impeachment process started against her is a “coup”. Rousseff is not obliged to respond. The STF decision follows a request from a group of lawmakers via the House's prosecution office.

• Thursday, May 19th 2016 - 11:57 UTC

  Meirelles unveils a dark picture of Brazil's finances and insists of pensions reform

  

  Brazil's fiscal deficit prior to debt interest payments could reach 150 billion Reais (US$42.10 billion) this year as revenues collapse amid a crippling recession economy, Finance Minister Henrique Meirelles warned on Wednesday. The deficit includes eventual losses from state electricity holding Eletrobras.

• Thursday, May 19th 2016 - 08:02 UTC

  Lula's most trusted and closest political advisor sentenced to 23 years in prison

  

  A Brazilian federal judge on Wednesday sentenced Jose Dirceu, a former presidential chief of staff, to 23 years and three months in prison for his role in a massive corruption scheme centered on state-controlled oil company Petrobras. Judge Sergio Moro, who is spearheading the bribes-for-inflated contracts probe, found Dirceu guilty of accepting and paying bribes and money laundering.

• Thursday, May 19th 2016 - 07:49 UTC

  Rousseff's party preparing a large national rally “Out with Temer”, for June first

  

  Brazils' Worker's Party, PT, to which suspended President Dilma Rousseff belongs, insisted that the country is experiencing a “coup” and announced a campaign to “remove” acting President Michel Temer. PT president Rui Falcao said after a meeting of the national party directorate in Brasilia, that party members will continue “fighting the coup” and will undertake actions to raise society's awareness of the need to “get rid of Temer.”

• Wednesday, May 18th 2016 - 12:21 UTC

  Petrobras: Temer pledges judicial independence and respect for prosecutors nomination process

  

  Brazil's interim president, Michel Temer said he would continue a tradition of nominating a prosecutor general who comes recommended by peers, allaying concerns about judicial independence. Justice Minister Alexandre de Moraes, sworn in last week as part of Temer's new government, told the Folha de S.Paulo newspaper in an interview that the prosecutor general of Brazil could be selected at will by the president.

• Wednesday, May 18th 2016 - 06:01 UTC

  Orthodox economist Goldfajn confirmed as Brazil's central bank governor

  

  Brazil's interim government on Tuesday confirmed the lead economist of the country's largest private bank to head the central bank, in a further shift away from the interventionist policies that many blame for deep recession and near double-digit inflation.

• Tuesday, May 17th 2016 - 10:50 UTC

  Temer meets Brazilian unions to draft a blueprint for pension system reform

  

  Brazilian interim President Michel Temer agreed with union leaders on Monday to draft a blueprint for overhauling the creaking pension system within a month, as he seeks to restore confidence in Latin America's largest economy. Temer has vowed to plug a fiscal gap equivalent to more than 11% of GDP last year.

• Tuesday, May 17th 2016 - 07:25 UTC

  Temer names a woman to head Brazil's giant development bank, BNDES

  

  Brazil’s interim President Michel Temer will replace the head of the government’s giant development bank with a female economist, following heavy criticism over his appointment of an all-male white cabinet.

• Monday, May 16th 2016 - 06:15 UTC

  Temer government considering selling stakes of state controlled assets

  

  Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday.