Tag: Brazil

• Wednesday, June 19th 2019 - 09:55 UTC

  Sao Paulo court accepts Odebrecht recovery procedure; debts amount to US$ 22.3bn

  

  A court in Sao Paulo on Tuesday accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery procedure aimed at fending off bankruptcy at the scandal-tainted group.

• Wednesday, June 19th 2019 - 09:46 UTC

  Brazil Senate overturns Bolsonaro's decree allowing arms for self defense

  

  Brazil’s Senate on Tuesday overturned a decree signed last month by right-wing President Jair Bolsonaro that drastically expanded the number of people allowed to carry weapons in public.

• Wednesday, June 19th 2019 - 09:40 UTC

  Brazilian pensions' reform faces new challenges

  

  The Brazilian government’s plans to overhaul its pension system can still be saved if lawmakers reverse changes to transition rules and concessions to legislative aides, according to Economy Minister Paulo Guedes.

• Wednesday, June 19th 2019 - 09:29 UTC

  Petrobras makes huge natural gas discovery in the Sergipe basin

  

  Brazilian state-run oil firm Petrobras has made natural gas discoveries in six deep-water fields in the Sergipe Basin, it said in a regulatory filing on Monday.

• Tuesday, June 18th 2019 - 09:45 UTC

  Brazil's largest private company, Odebrecht, files for bankruptcy; US$ 20bn in debts

  

  Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$ 800 million to bribe officials across Latin America to win contracts, filed for bankruptcy protection on Monday, judicial sources said.

• Monday, June 17th 2019 - 09:49 UTC

  Bolsonaro sacks moderate member of his “military” cabinet

  

  Brazil’s president Jair Bolsonaro replaced his minister in charge of political relations with Congress, the presidential spokesman said. Government Secretary Carlos Alberto dos Santos Cruz was fired during a meeting with Bolsonaro, according to reports in the Brazilian media last week.

• Monday, June 17th 2019 - 09:15 UTC

  Brazil scraps visas for tourists from US, Canada, Japan and Australia

  

  Effective June 17, tourists from the United States, Canada, Japan and Australia will no longer need a visa to visit Brazil. Travellers with a valid passport will be able to explore Brazil for up to 90 days, with the possibility of extending their stay to up to 180 days (though expect a visit to the Federal Police to get the extension approved).

• Monday, June 17th 2019 - 09:00 UTC

  Head of Brazil's powerful Development bank resigns following clash with Bolsonaro

  

  The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with president Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.

• Saturday, June 15th 2019 - 09:57 UTC

  Thousands of public workers join the first general strike against Brazil's Bolsonaro reforms

  

  Protests have been held across Brazil as thousands of public workers take part in a general strike against a government proposal to reform pensions. The strike, the first since far-right President Jair Bolsonaro took office in January, has affected public transport, schools and banks.

• Saturday, June 15th 2019 - 08:20 UTC

  Brazil clashes with Indonesia over the blocking of poultry exports

  

  The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil's poultry exports, the Agriculture Ministry said on Friday.