Tag: Michel Temer

• Thursday, March 21st 2019 - 14:41 UTC

  Brazil: Former President Michel Temer is arrested

  

  Former Brazilian President Michel Temer was arrested on Thursday on corruption charges, a dramatic development in a sprawling corruption probe that has roiled Brazil has showed no sign of slowing.

• Wednesday, February 20th 2019 - 09:34 UTC

  Latam Airlines expected to have a 51% controlling interest in Latam Brazil

  

  Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51%, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions.

• Tuesday, January 8th 2019 - 09:28 UTC

  Brazilian government and Petrobras in dispute over billions of dollars

  

  Brazil’s Economy Ministry denied that the government would pay US$ 14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area.

• Saturday, January 5th 2019 - 08:54 UTC

  Markets disappointed with Bolsonaro's watered down pensions reform

  

  Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation.

• Thursday, December 27th 2018 - 09:20 UTC

  Brazil opens 100% ownership of Brazilian airlines to foreign investors

  

  Outgoing President Michel Temer issued an executive order that allows foreign groups to own 100% of a Brazilian airline. Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.

• Friday, December 21st 2018 - 11:58 UTC

  Prosecutors waiting for Temer when he steps down accused of “institutionalized corruption”

  

  Brazil's attorney general has accused President Michele Temer of sitting at the center of “an institutionalized system of corruption” and has asked the courts to charge him with crimes as soon as he leaves office at the year's end.

• Tuesday, December 18th 2018 - 19:43 UTC

  Mercosur leaders agreed on need for reforms in the midst of Bolsonaro's threat to leave

  

  The presidents of all Mercosur member and associate countries gathered Tuesday in Montevideo for a summit to redefine the bloc's future, in light of recent statements from Brazil's future government that the region will not be among the priorities of Jair Bolsonaro when he becomes president on January 1.

• Monday, December 17th 2018 - 07:59 UTC

  Brazil launches first of four submarines constructed with French technology

  

  The Brazilian Navy launched on Friday its first Brazilian-built Scorpène submarine, the Riachuelo. The ceremony took place at the Itaguaí Navy base in presence of current president Michel Temer and elected president Jair Bolsonaro.

• Friday, December 7th 2018 - 10:01 UTC

  Temer has no regrets and trusts Bolsonaro's government will succeed

  

  Brazilian outgoing president Michel Temer said on Thursday his government will leave a primary budget deficit fewer than 130 billion reais (US$ 33.3 billion) when he hands over the reins to President-elect Jair Bolsonaro on January first.

• Friday, December 7th 2018 - 09:54 UTC

  Brazilian federal judge freezes proposed tie-up of Embraer with Boeing

  

  A Brazilian federal court on Thursday suspended a proposed US$ 4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office.