Tag: Michel Temer

• Thursday, May 31st 2018 - 07:40 UTC

  Deal to compensate one of the world's most indebted oil company

  

  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.

• Wednesday, May 30th 2018 - 09:39 UTC

  Brazilian military “not worried”, with strikers; protests are protected by the Constitution

  

  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 Etchegoyen, a general appointed by President Michel Temer, said such a heavy-handed response was outdated.

• Wednesday, May 30th 2018 - 09:35 UTC

  Petrobras workers Wednesday strike was declared illegal

  

  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.

• Wednesday, May 30th 2018 - 08:58 UTC

  Truckers union calls an end to the crippling strike, but some still resist

  

  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.

• Tuesday, May 29th 2018 - 08:48 UTC

  Brazilian cocktail: Wall Street, oil prices, truckers strike and a weak government

  

  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.

• Saturday, May 26th 2018 - 09:00 UTC

  Truckers strike crippling Brazil, despite authorization to use military force to clear highways

  

  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.

• Friday, May 25th 2018 - 08:50 UTC

  Brazil truckers strike: Government says a 15-day truce had been reached

  

  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.

• Wednesday, May 23rd 2018 - 08:44 UTC

  Brazil's Temer calls on centrist parties to support Meirelles as presidential candidate

  

  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).

• Friday, May 18th 2018 - 08:48 UTC

  Brazilian government anticipates lower economic growth for 2018

  

  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.

• Thursday, May 17th 2018 - 09:22 UTC

  Temer claims that in two years his administration has takes Brazil out of recession

  

  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.