Brazil's Supreme Court released explosive plea-bargain testimony on Friday accusing President Michel Temer, along with former presidents Luiz Inacio Lula da Silva and Dilma Rousseff, of receiving millions in bribes. The testimony raises serious doubts about whether Temer, who replaced the impeached Rousseff last year, can maintain his grip on the presidency amid the string... Continue Reading →

In the three years since Brazil’s sweeping corruption scandal exploded, there’s been plenty of jaw-dropping moments. But even in a nation hardened to allegations of crooked politicians and businessmen on the take, the latest crisis came as a shock. The details trickling out often seem straight out of a best-selling political thriller: A president accused... Continue Reading →

19/05 / 2017 ABEGAS The ANP has been for more than three years without issuing permits for the operation of new gas pipelines in the country. The last authorization was issued in February 2014 for the facilities of the LNG Regasification Terminal of Bahia, a Petrobras project that has a pipeline of 43 km with... Continue Reading →

18. May, 2017 The French company Total is authorized to export oil produced in Brazil. The permit was granted this week by the National Petroleum Agency (ANP). Although Total has no production in the country, according to data provided by the ANP. The French company owns a 22.5% share of the block BM-S-11, where the... Continue Reading →

Ratings agency Fitch has maintained Brazil's speculative credit rating on Friday (19), citing uncertainties in the economy's recovery and structural weakness in finance. The outlook remains negative, which means that there may be downgrades in the coming months if the agency understands that the conditions indicated have not improved. The note was kept in "BB",... Continue Reading →

Brazilian President Michel Temer resisted calls to resign on Thursday after allegations that he condoned the bribery of a potential witness in the massive "Car Wash" graft investigation, news that sent markets tumbling and raised doubts that Congress would pass his austerity measures. Temer strongly denied the allegations and told allied lawmakers in a morning... Continue Reading →

Brazil's Supreme Court has approved an investigation of President Michel Temer after he was purportedly taped agreeing to bribe a powerful witness in a sprawling anti-graft investigation, Globo TV reported on Thursday without citing a source. Temer has denied the allegation that he condoned paying a bribe and is expected to make a public statement... Continue Reading →

By taking their father’s slaughterhouse in the Brazilian countryside and building the world’s largest meat producer, Wesley and Joesley Batista earned reputations as consummate dealmakers. Their latest bargain, which may be their boldest yet, has dragged the country and its president into a crisis. The brothers, who control and run meat giant JBS SA, are... Continue Reading →

House of Cards cannot compete with this live drama.... Brazilian President Michel Temer gave his blessing to an attempt to pay a potential witness to remain silent in the country's biggest-ever graft probe, according to plea bargain testimony by a powerful businessman, newspaper O Globo reported on Wednesday. Temer's office on Wednesday acknowledged he had... Continue Reading →