Corruption charge increases pressure on Brazil president In a scathing 64-page indictment, Brazil’s top prosecutor described a scheming, arrogant and corrupt President Michel Temer who lined his pockets with illegal money while showing little regard for the office he represented. Whether Attorney General Rodrigo Janot’s formal accusation late Monday pressures […]
Michel Temer
Brazil president taped discussing pay-off for witness in graft probe 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 […]
Sao Paulo judge rules Uber drivers are employees, deserve benefits A judge in Brazil's biggest city ruled this week that a driver using the Uber [UBER.UL] ride-hailing app is an employee of the San-Francisco-based company, threatening its business model in one of its biggest markets. Uber said it would appeal […]
Brazil likely to step up monetary easing to spur recovery Brazil's central bank is widely expected to speed up monetary easing on Wednesday, taking advantage of slowing inflation to try to revive an economy still struggling with its deepest recession on record. All but one of the 47 economists polled […]
Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A Morgan Stanley (MS.N) and Banco Bradesco BBI SA topped Brazil's mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA (VALE5.SA), the world's No.1 iron ore producer. […]
