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Extra! Massive Brazil Protests Call For Rousseff Impeachment

Folha de S. Paulo, Aug. 17, 2015

Hundreds of thousands of Brazilians took to the streets in cities across the country Sunday, calling for Dilma Rousseff's resignation as the Brazilian president and her party face corruption allegations.

"New protests keep Dilma under pressure; 135,000 demonstrate in Sao Paulo," Monday's Folha de S. Paulo"s front page reads, alongside a picture of a Sao Paulo street packed with protesters.

According to O Globo, 879,000 people took part in the demonstrations in 205 cities across the country, driven by growing anger about Brazil's flailing economy and widespread corruption scandals, including the Petrobras case that implicates Rousseff and many of the country's businessmen and politicians.

Rousseff, less than a year into her second term as president, has seen her approval rating drop to below 10%.

ABOUT THE SOURCE: Folha de S.Paulo, also known as Folha, is a Brazilian daily newspaper founded in 1921.

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How A Xi Jinping Dinner In San Francisco May Have Sealed Mastercard's Arrival In China

The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.

Photo of a hand holding a phone displaying an Union Pay logo, with a Mastercard VISA logo in the background of the photo.

Mastercard has just been granted a bank card clearing license in China.

Liu Qianshan


It appears that one of the biggest beneficiaries from Chinese President Xi Jinping's visit to San Francisco was Mastercard.

The U.S. credit card giant has since secured eagerly anticipated approval to expand in China's massive financial sector, having finally obtained long sought approval from China's central bank and financial regulatory authorities to initiate a bank card business in China through its joint venture with its new Chinese partner.

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Through a joint venture in China between Mastercard and China's NetsUnion Clearing Corporation, dubbed Mastercard NUCC, it has officially entered mainland China as an RMB currency clearing organization. It's only the second foreign business of its kind to do so following American Express in 2020.

The Wall Street Journal has reported that the development is linked to Chinese President Xi Jinping's meeting on Nov. 15 with U.S. President Joe Biden in San Francisco, part of a two-day visit that also included dinner that Xi had with U.S. business executives.

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