As the country's massive graft scandal reaches new heights, former president Luiz Inácio Lula da Silva briefly came face to face with the law.
Brazil crisis takes down rest of South America
Former Brazilian President Luiz Inácio Lula da Silva has testified to the authorities in the investigation by Operation Zealots on bribery allegations, which also involved his son.
Fueled by contract-fixing allegations at the state-run multinational energy corporation Petrobras, Brazil's antitrust body has started investigating 21 companies and 59 high-ranking officials who are believed to have been involved in an estimated $9 billion worth of contracts.
Brazil is hit with its second junk rating on Wednesday. This time was from Fitch Ratings, the second of the three big agencies to slash the country’s hardly-earned investment grade status.
Brazil’s real dropped to its lowest level as President Dilma Rousseff fights attempts to oust her from her position.
Grupo BTG Pactual SA is making quick headway in stabilizing the firm just two weeks after its CEO, founder and face, the billionaire Andre Esteves was jailed. Pactual bonds were nearly unchanged on Monday in a sign that the bank's efforts to sells its assets and raise cash is working.
Brazilian president Dilma Rousseff received a Hail Mary pass on Tuesday, when the Supreme Court halted impeachment proceedings against her. And at the same time there was some conjecture as to whether a key ally would abandon her.
The impeachment proceedings against Brazil President, Dilma Rousseff, were suspended by the Supreme Court, stating that it needs to verify the validity of the secret ballot first, which started the investigation of the country's leader.
Brazil’s political and economic unrest is expected to have serious repercussions for next year’s Olympic Games to be held in Rio de Janeiro.
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The superhero movie "Deadpool" has crushed box-office records despite the restricted rating (Rated R) given to the film.
This was the first time in their 52 years in the industry to reveal three cover girls.