Investigations Probe into Rousseff’s Re-Election Campaign in Brazil

Investigations Probe into Rousseff’s Re-Election Campaign in Brazil

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Judge Gilmar Mendes at Brazil’s Federal Electoral Court (TSE) asked prosecutors to investigate several leads hinting at potential illegal financing of President Dilma Rousseff’s re-election campaign last October. He claimed the President’s party received funds from Petrobras and also started to investigate payments to […]

Brazil’s Collor and Cunha Charged with Corruption

Brazil’s Collor and Cunha Charged with Corruption

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The president of Brazil’s Chamber of Deputies, Eduardo Cunha, and former President, now Senator, Fernando Collor de Mello were accused of corruption and money laundering on Thursday, August 20th by the country’s general attorney, Rodrigo Janot, as part of the on-going Operation Lava Jato (Carwash […]

Brazil’s Petrobras Approves IPO of BR Distribuidora

Brazil’s Petrobras Approves IPO of BR Distribuidora

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The board of directors at Brazil’s oil giant Petrobras, announced that it had authorized the sale of 25 percent of stock from its subsidiary, BR Distribuidora. The state-owned oil giant wants sell part of its stock to improve the company’s financial situation. For the first […]

Impact of Lava Jato on Brazil’s GDP Could Reach R$140 Billion

Impact of Lava Jato on Brazil’s GDP Could Reach R$140 Billion

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Lava Jato (Carwash) corruption scandal in Brazil involving oil giant Petrobras and some of the country’s largest construction companies is said to impact Brazil’s GDP by R$142.6 billion in 2015, according to calculations by consultancy firm GO Associates. This would be equivalent to […]

Brazil’s Petrobras Registers 90 Percent Drop in Q2 Net Income

Brazil’s Petrobras Registers 90 Percent Drop in Q2 Net Income

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras closed the second quarter of 2015 with a net income of R$531 million, an 89.3 percent decline from the R$4.95 billion registered during the same quarter last year. During the first quarter of 2015 the oil giant had registered a net profit of R$5.33 […]

Exploring Downtown Rio de Janeiro on Foot: Sponsored

Exploring Downtown Rio de Janeiro on Foot: Sponsored

By Nicole Eberhard, Contributing Reporter RIO DE JANEIRO, BRAZIL – In a city that boasts beaches that are household names around the world and has two hugely iconic landmarks, Christ the Redeemer and Sugarloaf Mountain, Rio’s downtown area has to compete for the attention of travelers. Those that can drag themselves away from the big […]

Dirceu Arrested in Lava Jato Corruption Scheme in Brazil

Dirceu Arrested in Lava Jato Corruption Scheme in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Chief of Staff José Dirceu was arrested during the early morning hours on Monday, August 3rd, by Brazil’s Federal Police as part of the agency’s on-going investigation into the corruption scandal, Operação Lava Jato (Carwash). Dirceu was one of seven arrested this morning in […]

Brazil’s Lava Jato Turning to Energy Companies in 16th Phase

Brazil’s Lava Jato Turning to Energy Companies in 16th Phase

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The sixteenth phase of the Lava Jato (Car wash) investigation has started this morning with a focus on electricity companies, especially Eletronuclear, a subsidy of Eletrobras. Eletronuclear’s President Othon Luiz Pinheiro da Silva was arrested as part of the thirty warrants issued this morning […]

Lula and Cunha Investigated in Lava Jato Corruption Scandal

Lula and Cunha Investigated in Lava Jato Corruption Scandal

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Both ex-President Luiz Inácio Lula da Silva and current Speaker of the House of Representatives Eduardo Cunha are being investigated in two different inquiries of the Lava Jato (Carwash) corruption scandal. While a witness said Cunha had received a US$5 million bribe for a […]

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