Brazil celebrates Corpus Christi today. During this long, 4-day holiday, business and politics take a pause in the country. That’s why we’re you’re receiving the Weekly Report on Thursday, instead of the usual Saturday edition. But don’t worry—our newsroom will continue publishing new content on our website, and we’ll keep you up to date if anything newsworthy happens!
The week in review
Moro. Justice Minister Sergio Moro spoke before the Senate about the private messages leaked by The Intercept, showing his proximity with prosecutors while serving as Operation Car Wash’s main judge. His strategy consisted of calling the reports “sensationalist” (he did it 52 times), and equating all criticism to an opposition of the anti-corruption probe. While Mr. Moro didn’t manage to bury the case, he certainly wasn’t buried by it. Only new, more powerful revelations could knock him off his perch, it seems.
Odebrecht. Once Latin America’s largest construction group, Odebrecht filed for court-supervised reorganization. The company’s debts amount to BRL 98.5bn—a third of which cannot be renegotiated, as it is owed to companies of the group itself. Odebrecht’s rise was made possible by its intimate—and often...