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Luiz Inacio Lula da Silva on March 17. Photographer: Evaristo Sa/AFP via Getty Images A federal judge in Brazil issued an injunction to suspend the appointment of Luiz Inacio Lula da Silva as President Dilma Rousseff’s chief of staff, further deepening a political crisis that has paralyzed Latin America’s largest nation. Judge Itagiba Catta Preta... Continue Reading →
An anti-government demonstrator (L) and a supporter of Brazil's President Dilma Rousseff clash before the appointment of former Brazilian president Luiz Inacio Lula da Silva as chief of staff, near the Planalto palace in Brasilia, Brazil, March 17, 2016. REUTERS/RICARDO MORAES Supporters of leftist leader Luiz Inacio Lula da Silva clashed briefly with opponents of... Continue Reading →
The federal judge leading Brazil’s largest corruption probe released phone recordings of President Dilma Rousseff and her predecessor Luiz Inacio Lula da Silva discussing his cabinet appointment. Judge Sergio Moro published transcripts of conversations that federal police obtained by tapping Lula’s phone as part of a corruption investigation, known as Carwash. In one of the... Continue Reading →
Brazil’s economic quagmire, with an ever-growing corruption scandal on top of the longest and deepest recession in at least a century, is producing an unprecedented era of corporate debt restructuring in the country. The borrowing binge Brazilian companies went on during the country’s economic boom earlier this decade has now turned into an albatross... Continue Reading →
Embattled Brazilian President Dilma Rousseff installed her predecessor Luiz Inacio Lula da Silva at the heart of her government, a high-risk gambit that could rally her party’s base while rattling the country’s economic elite. The appointment announced by lower house leaders on Wednesday is designed to help shield Lula from a rolling corruption probe and harness... Continue Reading →
The Modec contract for the FPSO Cidade de Campos dos Goytacazes involves a series of packages [15.03.2016] / By Lara de Faria/Brazil Energy Frames, from the Netherlands has signed a contract with Modec to provide life saving equipment and flow control for the Petrobras FPSO Cidade de Campos dos Goytacazes MV29. The equipment will be... Continue Reading →
Brazil’s former leader Luiz Inacio Lula da Silva will become President Dilma Rousseff’s chief of staff, two government leaders in the lower house of Congress, Jose Guimaraes and Afonso Florence said. The real fell against the U.S. dollar on Wednesday for the third straight session on investor concern that Lula could successfully use his renowned... Continue Reading →
Brazil’s real led losses in Latin America as traders dumped the currency following a news report that the central bank president may step down, adding to political turmoil that has rattled markets this week. The real slumped for a third day, losing 1.4 percent to 3.8202 per dollar at 10:25 a.m. in Sao Paulo. One-week... Continue Reading →
Brazil's Supreme Court said on Tuesday it had accepted a plea agreement offered by prosecutors to Senator Delcídio do Amaral, a legislative ally of President Dilma Rousseff until he was arrested last year in a far-reaching corruption scandal. A copy of Amaral's testimony for the plea, obtained by Reuters, confirmed leaks to Brazilian media in... Continue Reading →
Brazil’s former leader Luiz Inacio Lula da Silva will decide soon whether to accept a job in the government to shield himself from a corruption probe and help fight the impeachment of President Dilma Rousseff, according to people aware of the discussions. Lula, who has been charged with money laundering, on Tuesday afternoon is set... Continue Reading →
