Tag: Michel Temer

• Tuesday, November 15th 2016 - 11:07 UTC

  Shell planning to invest US$ 10bn in Brazil's deep water production

  

  Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.

• Saturday, November 12th 2016 - 21:31 UTC

  Demostrators rally in Sao Paulo against Temer's adjustment proposals

  

  Protesters Friday blocked some of Sao Paulo's main avenues to object to the the bill to freeze public spending for 20 years. Others set roadblocks with tires at the Vía Dutra, which links Sao Paulo with Rio de Janeiro, and Via Anchieta, the main road between the city and the coast.

• Friday, November 11th 2016 - 19:37 UTC

  Rousseff's defense claims some campaign funds were provided by Temer's party

  

  Brazilian ex-President Dilma Rousseff's (PT) defense team attached to the case against her slate at the Superior Electoral Court, TSE, documents revealing that R$ 1 million (US$ 320.000) which construction company Andrade Guitierrez donated to her re-election campaing in 2014 went through the account of who was then Vice Presidential candidate Michel Temer (PMDB).

• Friday, November 11th 2016 - 08:48 UTC

  Brazilian president accused of having received US$ 300.000 for political campaign funding

  

  Brazilian President Michel Temer has been accused of taking a large bribe by a former political ally. Lawyers for former President Dilma Rousseff, who was removed from office in May, filed court documents which they say prove the claim.

• Thursday, November 10th 2016 - 11:30 UTC

  Temer defends austerity and claims the program is fostering confidence among investors

  

  Brazilian President Michel Temer reiterated the tough-minded adjustment he has proposed to balance the government's accounts and his support for the private sector's role in the economy, adding that the program is already fostering “confidence” among investors.

• Tuesday, November 8th 2016 - 07:28 UTC

  South American presidents and who they would like to see at the White House

  

  A majority of South American presidents would prefer to see former Secretary of State Hillary Clinton at the White House, while a few believe whoever wins will make not much of a difference for the continent. Nevertheless be it Hillary or Trump there is mostly respect for US institutions.

• Thursday, November 3rd 2016 - 09:53 UTC

  Temer austerity program inspired in Thatcher´s program to contain expenditure

  

  Brazilian president Michel Temer said that the economic adjustment implemented by Brazil is inspired in the program of former prime minister Margaret Thatcher, who led the UK from 1979 to 1990. “As Thatcher use to say and we are following in Brazil, containing government expenditure is necessary because we are only going to spend collected revenue”.

• Wednesday, November 2nd 2016 - 07:36 UTC

  Brazilian amnesty program for overseas funds collects US$ 15.8bn

  

  The Brazilian government collected 50.9 billion Reais, equivalent to US$15.8 billion in taxes and fines under an amnesty program offered to individuals and corporations with undeclared but legitimate funds parked overseas, the Finance Ministry said on Tuesday.

• Wednesday, October 26th 2016 - 05:48 UTC

  Brazilian Lower House votes amendment to cap spending for twenty years

  

  Brazilian President Michel Temer won another victory on Tuesday in his efforts to restore fiscal discipline when the lower house of Congress approved a constitutional amendment to cap spending for 20 years. Heavy public spending, a recession and a massive corruption scandal rocking Brazil's political establishment undermined confidence in Latin America's largest economy.

• Tuesday, October 25th 2016 - 12:20 UTC

  Temer urges Congress to approve bill easing oil industry regulation and Petrobras monopoly

  

  President Michel Temer urged Congress on Monday to approve a bill that would ease oil industry regulation and strip state-controlled oil giant Petrobras of some of its privileges in Brazil's most promising oil fields. The proposed regulatory framework would “create new jobs” and “provide a new boost to investment in the sector,” Temer said in an address at the opening of the Rio Oil and Gas conference.