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The country’s political system suffers from a crisis of legitimacy April 8, 2016 © GettyTwitterJoe Leahy in São PauloJoe Leahy in São Paulo/FT Protests are common in Brazil these days. There are those against President Dilma Rousseff, whose members generally sport the green and yellow of the country’s flag, and there are those in favour... Continue Reading →
Brazilian security forces are deploying thousands of troops and erecting barricades in the capital city of Brasilia this week to prevent violent clashes as Congress holds key votes on the impeachment of President Dilma Rousseff. The city’s rare state of alert reflects concern that the country’s polarized political climate will reach a fever pitch in... Continue Reading →
Brazil’s drawn-out political crisis is moving into a decisive phase next week with two key votes in Congress that could seal the fate of President Dilma Rousseff’s political future. A special committee in the lower house began a marathon session on Friday in order to decide by Monday whether to move forward with an impeachment... Continue Reading →
General Electric Co. could become one of the top players in the oil services and equipment industry if it decides to bid for Baker Hughes Inc. A Justice Department lawsuit filed this week against Halliburton Co. to stop the merger of the world’s second- and third-largest oilfield service companies could soon put Baker Hughes back... Continue Reading →
President Dilma Rousseff addresses a news conference after visiting the new Embraer KC 390 military transport aircraft in Brasilia, Brazil April 5, 2016. REUTERS/ADRIANO MACHADO - RTSDP79 Brazilian President Dilma Rousseff's government rejected new accusations on Thursday that her election was illegally funded with graft money and expressed confidence it can block an attempt to... Continue Reading →
Former Brazilian President Luiz Inacio Lula da Silva speaks in support of President Dilma Rousseff, as he attends a protest against her impeachment at the Union of Metal Workers in Sao Bernardo do Campo, Brazil, April 4, 2016. REUTERS/LEONARDO BENASSATTO Brazil's top prosecutor recommended on Thursday that the Supreme Court block the appointment of former... Continue Reading →
How should presidential systems deal with political breakdown? Apr 9th 2016 | From the print edition Economist IN DAILY verbal broadsides, Brazil’s president, Dilma Rousseff, and her political allies claim that the attempt to impeach her is a “coup d’état”. It is an emotive statement that moves people beyond her governing Workers’ Party (PT) and beyond Brazil.... Continue Reading →
Grupo BTG Pactual, the Brazil investment bank whose billionaire founder Andre Esteves was arrested in November in a corruption scandal, said a four-month review found no evidence to support the allegations. A special committee of directors and outside counsel “found no basis to conclude that the allegations of misconduct and corruption against Esteves, BTG Pactual... Continue Reading →
It seems not even the board of Halliburton Co. thought the price of oil would remain depressed this long. The company’s five top executives missed out on at least $12.2 million in cash bonuses last year after Halliburton posted cash value added -- a metric it uses to determine bonus payouts -- that was off... Continue Reading →
Executives from Brazil's second-largest engineering company, Andrade Gutierrez, have testified that President Dilma Rousseff's 2014 reelection campaign was partly funded with kickbacks from large infrastructure projects, a newspaper reported on Thursday. The testimony, part of a plea bargain deal with 11 executives, would be the strongest link yet between the widening "Operation Car Wash" probe... Continue Reading →
