Petrobras and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks.
Brazil's Minister of Institutional Security Sergio Etchegoyen on Tuesday rejected calls to deploy military troops to break up protracted nationwide protests against fuel price hikes. Etchegoyen, a general appointed by President Michel Temer, said such a heavy-handed response was outdated.
Brazil’s Superior Labor Court (TST) ruled on Tuesday that a 72-hour strike planned by workers of state-run oil company Petrobras was illegal, the office of the government’s solicitor general said.
One of the main unions behind a crippling truckers' strike in Latin America's largest nation on Tuesday called on its members to return to work, warning that failing to do so would erode hard-won gains.
A nationwide protest by Brazilian truckers was slow to unwind on Monday, even after the week-long demonstrations against diesel price hikes got the government to cave to their demands, causing stocks and the currency to slide.
A truckers protest over diesel prices that has crippled key sectors of Latin America's biggest economy dragged into Friday night, putting drivers in a standoff with Brazilian President Michel Temer who authorized military force to clear highways. The protest will stretch into its sixth day on Saturday.
Brazil's government said late Thursday that a deal had been reached with truckers to suspend a four-day-old strike that caused fuel shortages, cut into food deliveries, backed up exports and threatened airline flights.
Brazilian President Michel Temer scrapped plans to run for re-election on Tuesday and said he supported his former finance minister, Henrique Meirelles, to stand as the presidential candidate of the ruling Brazilian Democratic Movement (MDB).
The Brazilian government on Thursday admitted for the first time this year that economic growth in 2018 will be below the original target of 3% projected in January. The downgrade followed the release of economic indicators showing a slower than expected recovery.
Brazilian President Michel Temer said this week that his administration has taken the country out of debt and successfully overcome the brutal economic recession of the past two years.