Ex-Pemex CEO Denies Allegations of Involvement in Brazil Scandal

Posted on April 13th, 2017 by loveshloveearth@gmail.com

In a report this week, Brazilian magazine Veja cited court documents suggesting the former Pemex CEO allegedly requested a $5 million illegal payment to Odebrecht, Latin America’s biggest construction company, to obtain benefits in Mexico. Veja says it based its reporting on portions of a plea-bargain agreement between prosecutors and a former top executive at […]

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Brazil makes biggest rate cut since 2009 to fire up economy

Posted on April 13th, 2017 by loveshloveearth@gmail.com

Brazil’s central bank made its deepest cut to interest in nearly eight years on Wednesday and signaled it might continue its aggressive easing to revive an economy still reeling from its deepest recession ever. In a unanimous vote, the central bank’s 9-member monetary policy committee, known as Copom, decided to reduce its benchmark Selic rate […]

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Brazil graft probe sparks hopes of change, fears of chaos

Posted on April 13th, 2017 by loveshloveearth@gmail.com

For some in Brazil, the decision by a Supreme Court judge to place many top politicians under investigation for suspected corruption, including leading contenders in next year’s presidential race, clears the way for a new era in politics. The sweeping probe ordered by Justice Luiz Edson Fachin encompassed all the likely presidential candidates from Brazil’s […]

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Brazil judge targets dozens of politicians for ‘corruption’

Posted on April 13th, 2017 by loveshloveearth@gmail.com

A Brazilian judge has revealed the names of dozens of politicians to be investigated over alleged involvement in a huge bribery scandal. Judge Edson Fachin unveiled his extensive list on Tuesday, after much speculation in the country’s media. It includes almost a third of President Michel Temer’s cabinet and Rio de Janeiro’s mayor during the […]

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Brazil corruption probe sends shivers across Latin America

Posted on April 13th, 2017 by loveshloveearth@gmail.com

Brazil’s Supreme Court has ordered an investigation into 74 new politicians, including a third of current President Michel Temer’s cabinet. This follows information obtained as part of a plea bargaining deal with the former president of Brazil’s largest engineering company, Odebrecht. The probe has shaken the region’s political establishment as a multinational investigation into who […]

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