Protestors recently set fire to a government building in the capital and former governor of the state of Rio de Janeiro has been sentenced to 14 years in prison on corruption and money laundering charges.
The Brazilian industry watchdogs are pushing for more transparency in the country's merger and acquisition (M&A) . State-owned oil giant Petrobras is one of the most affected.
John Oliver was none too impressed with the opening ceremonies of the 2016 Rio Olympics. John Oliver was none too impressed with the opening ceremonies of the 2016 Rio Olympics.
The positive impact brought about by the potential impeachment of Rousseff in Brazil has also trickled down into other Latin American markets. In Chile, promising economic data was also recorded.
Brazilian President Dilma Rousseff has named her predecessor Luiz Inácio Lula da Silva as chief of staff. The appointment prompted protests in Brazilian cities.
Hundreds of thousands of protesters flooded the streets of Brazil on Sunday to call for President Dilma Rousseff’s impeachment. However, Lula da Silva’s successor remains firm and continues to deny that she did something wrong to deserve impeachment.
Brazilian ex-President Luiz Inacio Lula da Silva faces charges of money laundering for failing to declare luxurious assets, linking him directly to the expansive Petrobras scandal. If charged, Da Silva might bring down his successor, Dilma Rousseff, along with him.
Brazilian court hands down 19-year imprisonment to construction magnate Marcelo Odebrecht who was found guilty of bribing Petrobras officials to gain an advantage over contracts. Politicians, including two Brazilian presidents have also been dragged into the controversy.
Brazil’s Lower House of Congress Speaker Eduardo Cunha will be facing an investigation regarding corruption allegations. He is involved in the huge Petrobras kickback scheme.
Jose Eduardo Cardozo has resigned from his position as justice minister in Brazil. Justice Minister Jose Eduardo Cardozo has decided to resign from his post following the controversial corruption scandal he is handling.
Joao Santana, President Dilma Rousseff’s campaign manager, was specifically suspected to have received bribes in offshore accounts related to the Car Wash scheme.
Latin American health officials agreed to have an emergency meeting against the Zika virus outbreak Wednesday, Feb. 3. The meeting was held in Montevideo, Uruguay, participated by 14 health officials including Brazilian Health Minister Marcelo Castro.
A Brazilian judge wants to authorize abortions for women whose children are likely to be stillborn due to microcephaly, a birth defect whose occurrence has skyrocketed in the country and that experts belief might be linked to the recent outbreak of the Zika virus.
The fourth Summit of the Community of Latin American and Caribbean States (CELAC) ended Wednesday as delegates pledged regional unity to focus on the peace process in Colombia and fight the economic crisis and the epidemic caused by the Zika virus. The summit, which was recently held in Ecuador, was hosted by Ecuadorian President Rafael Correa.
Brazilian President Dilma Rousseff hopes her economic plan for the country will restore the people's faith in her administration and subdue the impeachment proceedings against her.
Federal police in Brazil have initiated investigations into possible FIFA corruption. The South American nation started investigating following the arrests of prominent FIFA leaders.
Petrobras, Brazil's state-owned oil company which has recently been rocked with kickback scandals linked to many of the country’s government officials, has announced that it will reveal its estimation of how much money the company lost in a widespread scandal when it releases an audited report detailing its financial earnings from last year's third and fourth quarters.
Hundreds of thousands of protesters took the the streets on Sunday in more than 150 Brazilian cities to demand the ouster of Dilma Rousseff, the country's recently re-elected president. The demonstrations followed popular outrage over a sprawling corruption scheme.
The United States of America and Cuba appear to be on their way to ending their more than 50-year dispute with each other. This could have a dramatic impact in Major League Baseball for many Cubans who dream of playing in the big game.
