Tag: Michel Temer

• Tuesday, January 16th 2018 - 09:34 UTC

  Economic activity in Brazil expands for third month running

  

  Economic activity in Brazil expanded for a third straight month in November, the longest stretch of gains since 2014, suggesting strong momentum at the end of the year. The central bank’s economic activity index rose 0.49% from October after seasonal adjustments

• Friday, January 12th 2018 - 10:58 UTC

  S&P downgrades Brazil's credit rating; delay of pension system reform takes the blame

  

  Ratings agency Standard & Poor’s cut Brazil’s credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a stable outlook, citing less timely and effective policymaking. S&P also cited a risk of greater policy uncertainty after this year’s elections.

• Thursday, January 11th 2018 - 10:19 UTC

  Brazil looks into the past to implement legislation punishing political “fake news”

  

  Brazil is the latest country to unveil plans to censor the Internet, following in the footsteps of Germany, France, and other European countries. Earlier this week the country’s official Twitter account for the Federal Police, (equivalent to FBI), announced efforts to “punish” anyone who disseminates political content it deems “false.” The federal government of Brazil is extending its ability to enforce regulation and control of its sector of the Internet.

• Tuesday, January 9th 2018 - 10:01 UTC

  Brazilian stocks edge higher convinced Lula will be barred from running in election

  

  Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains.

• Tuesday, January 9th 2018 - 09:41 UTC

  Temer investigated on decree allegedly benefitting Santos port operator

  

  Brazilian police have requested that President Michel Temer answers 50 questions as part of an investigation into alleged corruption involving a decree regulating the country's ports, a government spokesman said.

• Friday, January 5th 2018 - 10:36 UTC

  Temer dressed in jogging gear said he was “fully recovered”

  

  Brazil’s President Michel Temer appeared keen to demonstrate on Thursday he had recovered from his latest bout of ill health, inviting the press to photograph him during a brisk walk in a Brasilia park. Temer, 77, last month underwent a “minor surgical procedure” to resolve a urethral obstruction at the Sirio-Libanes Hospital in Sao Paulo.

• Wednesday, January 3rd 2018 - 10:12 UTC

  Brazil finished 2017 with a record trade surplus of US$ 67bn

  

  Brazil's road to economic recovery has passed another milestone with official data showing on Tuesday that the country finished 2017 with a record trade surplus 40.5% higher than in the previous year. The US$67 billion surplus was in line with market projections and within the US$65/70bn range forecast by the government.

• Sunday, December 31st 2017 - 10:32 UTC

  Temer paves the way for the privatization of jumbo power company Electrobras

  

  Brazilian President Michel Temer signed a measure that paves the way for the privatization of Eletrobras, Latin America’s largest power company, according to a government official.

• Sunday, December 31st 2017 - 10:27 UTC

  Brazil denies any hypothesis of credit rating downgrade

  

  “The government does not work on the hypothesis of a rating downgrade by the main credit rating agencies”, said Brazil's Treasury Secretary Ana Paula Vescovi during an interview to release the primary results of the Central Government.

• Sunday, December 31st 2017 - 06:26 UTC

  Lula's presidential ambition: on January 24 a Porto Alegre court will rule on his appeal

  

  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.