Tags: Brazil

Brazilian police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be detained so far in a corruption scandal engulfing state-run oil company Petrobras.

Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said on Thursday, the first such probe in one of the busiest foreign exchange markets globally.

For the last 20 years, Brazil's largest political party has not once fielded a presidential candidate, instead content to partner with the eventual winner to retain a share of power. No longer, it appears.