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MercoPress, en Español

Montevideo, July 7th 2025 - 09:06 UTC

Tag: Brazil

  • Monday, July 20th 2015 - 07:30 UTC

    Brazil's Levy warns that relaxing spending cuts will only extend the pain

    Interviewed by Folha de Sao Paulo Levy said that reducing the surplus target “will bring about more costs for the country, no doubt about it”

    Brazil's Finance minister Joaquim Levy warned that any attempt to relax spending-reduction goals for this year would inevitably extend the duration of the current fiscal adjustment program. The statement was made on Sunday in a long interview with one of Brazil's leading dailies, Folha de Sao Paulo.

  • Monday, July 20th 2015 - 07:17 UTC

    Petrobras working to match domestic and international fuel prices

    The gap between local and international fuel prices led Petrobras to accumulate debts in recent years as it imported gasoline and diesel and sold them at a loss.

    Brazil's Petrobras is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners. The oil and gas giant needs to sell assets to survive a combination of mounting debt, low oil prices and a giant corruption scandal.

  • Saturday, July 18th 2015 - 08:10 UTC

    Rousseff, ever so weakened and isolated warns of “anti democratic adventures”

    Rousseff comments came just hours after the speaker of the lower house of Congress, Eduardo Cunha, broke ties with her government

    Brazilian President Dilma Rousseff told regional peers on Friday there is no room for “anti-democratic adventures” in South America, a day after the speaker of Brazil's lower house said he was weighing legal arguments for her impeachment. Speaking to the heads of state of Mercosur, Rousseff said political leaders should strive for dialogue to resolve ideological differences.

  • Friday, July 17th 2015 - 07:44 UTC

    The man who silenced Maracana in 1950 passes away with full honors

    Ghiggia at the time was 22 and admits on scoring the second decisive goal (2 -1) he didn't realize until much later what a monumental feat had been achieved.

    “Only three people silenced Maracana: the Pope, Frank Sinatra and me”. The comment belongs to Alcides Ghiggia, Uruguay's last member and striker of the team that beat Brazil in the World Football Cup final of 1950 and thus winning the Jules Rimet Cup. It would be Uruguay's second world cup: the first in 1930 when it beat Argentina.

  • Friday, July 17th 2015 - 04:48 UTC

    Brazil's corruption scandals reach Lula da Silva: probe into influence peddling

    The probe targets Lula's alleged use of his clout after leaving office to help construction giant Odebrecht land billion-dollar contracts in Latam and Africa.

    Prosecutors in Brazil have announced a probe into possible influence peddling by former president Lula da Silva, involving the construction firm Odebrecht which is one of Latin America's largest engineering company. The investigation will center on Lula's alleged use of his clout after leaving office to help scandal-ridden construction giant Odebrecht land billion-dollar contracts in Latin America and Africa.

  • Wednesday, July 15th 2015 - 06:25 UTC

    Petrobras board member criticizes oil-exploration and local content policies

    Castello Branco said the local-content rules create a situation that favors the formation of cartels.

    Brazil's oil-exploration and local-content policies harm Petrobras and the country as a whole, a government-appointed member of the state-run company's board said on Tuesday. The comments were made by Roberto Castello Branco, who was named earlier this year by President Dilma Rousseff's administration to be one of the government's seven representatives on Petrobras board.

  • Wednesday, July 15th 2015 - 05:45 UTC

    Brazilian politicians' property raided by police in connection with Petrobras corruption

    Senator Collor De Melo confirmed on Twitter police had searched his house, and denounced “the climate of terror” he said the investigation is creating.

    Brazilian police have carried out search operations across seven states amid an ongoing investigation into a major corruption scandal involving state-run company Petrobras. The police said in a statement on Tuesday that the 53 search and seizure operations took place in “residences, offices, company headquarters, law firms, and public institutions” and were aimed at saving evidence from destruction.

  • Tuesday, July 14th 2015 - 06:00 UTC

    Brazil's economic team reaching out to credit rating agencies for a vote of confidence

    A downgrade from investment to speculative “junk” status would be a significant blow to Rousseff’s plan to revive investment and growth in Brazil

    Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff’s austerity push won’t fully offset plunging government revenues.

  • Monday, July 13th 2015 - 09:30 UTC

    Petrobras faces major class action lawsuit in US next February

    The investors of the company argue that Petrobras had window dressed the company’s accounts in order to make them appear more attractive

    Brazil's state-run oil producer Petrobras, said in a securities filing on Friday that its motion to dismiss a class-action lawsuit in the United States had been denied by the court. Petrobras said part of the complaint against the company relating to bonds issued in the United States in 2012 was denied.

  • Thursday, July 9th 2015 - 06:46 UTC

    Brazil's six-month inflation at 6.17%, highest for half year since 2003

    Finance Minister Levy, expects inflation starts to slow down at the end of this year towards the centre of the target in 2016: 4.5% with a maximum of 6.5%.

    Brazil's inflation was little changed at 0.79% in June, rising to 8.89% over the last 12, reported the Brazilian Institute of Geography and Statistics, IBGE, on Wednesday. May's rate was 0.74%. Main price rises accounting for a third of June's inflation included 29.19% for plane tickets, 4.95% in water taxes and gambling rates, officials said.