Brazilian assets soared, with the Bovespa surging above 83,000 for the first time ever, and the currency Real surging through 3.20 after three judges in a local appeals court upheld a conviction for corruption imposed last July on ex-President Lula da Silva.
The International Trade Unions Congress, ITUC, has issued a global call for solidarity with former Brazilian president Lula da Silva. On 24 January, a regional appeals court will decide on politically motivated and false charges against Lula. The judgment is largely seen as an attempt to stop him from standing for election again as well as to destroy his reputation.
Brazil's former president Luiz Inacio Lula da Silva will learn in January whether a prison sentence against him is upheld, officials said, potentially knocking him out of next year's presidential election. Lula was sentenced in July to 9.5 years behind bars after being convicted of corruption in Brazil's huge Car Wash graft scandal.
Brazilian President Michel Temer will appoint Congressman Pedro Fernandes as the new labor minister, the leader of the Brazilian Labour Party, Jovair Arantes, said on Wednesday. Brazilian Labor Minister Ronaldo Nogueira has resigned because he plans to seek a seat in Chamber of Deputies in next year's election.
Brazil's federal audit court ordered a freeze of former President Dilma Rousseff's assets as well as those of José Sérgio Gabrielli, ex-head of state-run oil company Petrobras, over a US$580 million loss in the 2006 purchase of a Texas refinery.
Former Minister, Antonio Palocci, has sent a letter to the president of the Brazilian Workers' Party (PT), senator Gleisi Hoffmann (PR), requesting to step down from the party founded in the eighties by ex president Lula da Silva.
Brazil’s top prosecutor on Tuesday charged former Presidents Lula da Silva and Dilma Rousseff along with fellow Workers Party members with forming a criminal organization, the latest accusations in Brazil’s sprawling corruption scandal
Brazil's top electoral court gave embattled President Michel Temer a big victory late Friday, voting to reject allegations of campaign finance violations that could have removed him from office. After four days of deliberations, judges voted 4-3 in a case that many viewed as a measure of whether Temer could remain in office amid a ballooning corruption scandal and single-digit popularity.
Brazil's top electoral court on Thursday excluded testimony of engineering company executives from an illegal campaign funding trial against President Michel Temer, a move that suggested it would throw out a case that had threatened to unseat him.
The head of Brazil´s Superior Electoral Tribunal, TSE, Justice Gilmar Mendes added extraordinary sessions, including next Saturday, to continue considering the alleged political and economic abuse committed by the winning ticket of the 2014 elections, when Dilma Rousseff was reelected with Michel Temer as vice-president. According to court sources the decision to add sessions this week received unanimous support from his six co-Judges.