Tag: Michel Temer

• Thursday, February 9th 2017 - 11:30 UTC

  Same judicial medicine for a Temer nominee to ministry level position

  

  A Brazilian federal judge suspended the nomination of a close ally of President Michel Temer to a ministry-level position, according to the court's website on Wednesday.

• Saturday, February 4th 2017 - 06:47 UTC

  Temer and Macri meet next week to make Mercosur an effective free trade space

  

  Brazil and Argentina will attempt to eliminate trade barriers which limit or impede Mercosur trade, ensuring a free trade space, “the sooner the better”, revealed Brazilian diplomats in anticipation of the presidential summit next week, when Mauricio Macri is received by Michel Temer in Brasilia.

• Tuesday, January 31st 2017 - 21:56 UTC

  Brazil to lift restrictions on foreign ownership of airlines and farm land

  

  President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday.

• Friday, January 20th 2017 - 12:42 UTC

  Brazil in shock: Justice investigating country's major corruption dies in air crash

  

  Brazil's President Michel Temer on Thursday evening made an official statement to mourn the death of Supreme Court judge Teori Zavascki, who was killed earlier in the day in a plane crash. Temer declared three days of national mourning in Brazil for the death of the Justice, who was in charge of the court's investigation into a wide-ranging corruption scandal.

• Friday, December 16th 2016 - 08:50 UTC

  Simulus measures in Brazil to appease recession and Temer's tumbling credibility

  

  Brazilian President Michel Temer on Thursday unveiled a raft of stimulus measures to reduce the debt burden of businesses and consumers struggling with the country's worst recession on record amid growing popular discontent. Although limited in scope, the measures aim to appease Brazilians angry at the deepening recession in Latin America's biggest economy and allegations of corruption against Temer and his closest allies.

• Thursday, December 15th 2016 - 13:03 UTC

  Temer talks to Trump and they agree to promote trade and investments

  

  Brazil's President Michel Temer called U.S. President-elect Donald Trump agreeing to work together to improve business relations between the two largest economies in the Americas, a statement from Temer's office said. Brazil is keen to explore business opportunities that could open up if Trump follows through on campaign promises to rewrite a trade deal with Mexico.

• Tuesday, December 13th 2016 - 15:42 UTC

  Temer preparing stimulus measures to prop the economy and his political future

  

  President Michel Temer, fighting for survival over corruption allegations against him and his government, is planning new measures to jump start Brazil's stalled economy, improve his dismal approval ratings and stifle calls for his resignation.

• Thursday, December 8th 2016 - 11:44 UTC

  Brazil Supreme Court defuses clash with Senate, but Calheiros no longer in presidential succession line

  

  Brazil’s Supreme Court voted Wednesday to leave Senate President Renan Calheiros in his powerful leadership post, raising hopes economic overhauls making their way through Congress can be approved.

• Wednesday, December 7th 2016 - 10:57 UTC

  Constitutional clash in Brazil, Senate disobeys Supreme Court: countdown for Temer presidency?

  

  Brazil moved a step closer to a constitutional crisis on Tuesday as the head of the Senate refused to abide by a Supreme Court Justice ruling stripping him of his powerful post. A defiant Sen. Renan Calheiros told reporters he won’t recognize a decision handed down late Monday by a single high-court judge. The clash could mean the beginning of the countdown for president Michel Temer weak administration and his fiscal reforms program

• Thursday, December 1st 2016 - 14:00 UTC

  ºBrazil central bank lowers Selic rate to 13.75%; warns about global uncertainty

  

  Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter. The central bank lowered the benchmark Selic rate by a quarter of a percentage point, to 13.75% -- still one of the world's highest.