Politics Dilma Rousseff

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  • SAO PAULO, July 21- The imminent lifting of Brazil's limits on foreign land ownership is expected to unleash investments, principally by large funds in search of long-term returns, and reignite a slice of the stagnant real estate market. The government of President Luiz Inacio Lula da Silva shocked investors in 2010 when he put the breaks on foreigners' purchase...

  • BRASILIA, July 20- Brazil's central bank kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as a new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms. In a longer and more detailed decision statement than in the past, the central bank said its...

  • BRASILIA, July 20- Brazil's government may not need a further freeze spending to meet fiscal goals because revenues are expected to recover in the second half of the year as the recession-hit economy stabilizes, government officials said on Wednesday. Interim President Michel Temer's chief of staff, Eliseu Padilha, told reporters later on Wednesday that the...

  • SAO PAULO, July 15- State-controlled lender Caixa Econômica Federal is in talks with Brazil's government to win approval for a cut of up to 75 percent in annual dividend payouts for this year to protect capital, Chief Executive Officer Gilberto Occhi said in an interview. Brasilia- based Caixa Econômica, which is 100 percent- owned by Brazil's National...

  • BRASILIA/ SAO PAULO, July 14- A college dropout born in exile during Brazil's long military dictatorship was elected as the new speaker of the house for Latin America's biggest nation, thrusting his center-right party back into the spotlight amid deep political turbulence. The selection on Thursday of Rodrigo Maia, the pragmatic 46- year-old scion of a...

  • SAO PAULO, July 14- Brazil's currency and stocks jumped on Thursday on hopes interim President Michel Temer will manage to push through austerity measures following the election of a right-leaning ally as speaker of the lower house of Congress. "Maia will likely fight by Temer's side in seeking to pass fiscal measures in Congress," analysts with H.Commcor...

  • MEXICO CITY/ SAO PAULO, July 13- Foreign investors in Latin America are warming to Brazil as a promising turnaround bet while souring on Mexico and its landmark energy reform that has yet to deliver. But while Brazil interim president Michel Temer's reform agenda offers some promise, Mexico, once a darling of foreign investors, is now a source of disappointment.

  • BRASILIA, July 12- Brazilian customs workers will start an indefinite strike on Thursday over wage increases, their union said on Tuesday, just three weeks ahead of the Olympics when thousands of tourists are expected to flock the South American country. A crippling political and economic crisis as well as the spread of the mosquito-borne Zika virus have...

  • BRASILIA, July 12- Brazilian customs workers will start an indefinite strike on Thursday over wage increases, their union said on Tuesday, just three weeks ahead of the Olympics when thousands of tourists are expected to flock the South American country. A crippling political and economic crisis as well as the spread of the mosquito-borne Zika virus have...

  • BRASILIA, July 12- Retail sales in Brazil fell unexpectedly in May as rising unemployment continued to hurt consumption, government data showed on Tuesday, suggesting the economy may take longer to hit bottom in its worst recession in decades. A recent improvement in consumer confidence had fueled hopes that Brazil's economy could be nearing a turning point...

  • SAO PAULO, July 12- On Christmas Day 2014, in an empty São Paulo office building, four senior executives at engineering firm Grupo OAS SA set in motion a corporate bankruptcy that is helping reshape Brazil Inc.. Over the previous decade, Brazil's ruling Workers Party had built national champions using cheap state credit and contracts with state firms.

  • BRASILIA, July 11- Brazil's interim government plans to remove foreign ownership limits on domestic airlines through a presidential decree or an act of Congress this year, Transportation Minister Mauricio Quintella said on Monday. We have to think now about reopening the debate in the Senate, "said Quintella from his office overlooking the two-chamber...

  • BRASILIA, July 11- Brazil's interim government plans to remove foreign ownership limits on domestic airlines through a presidential decree or an act of Congress this year, Transportation Minister Mauricio Quintella told Reuters on Monday. We have to think now about reopening the debate in the Senate, "said Quintella from his office overlooking the...

  • CURITIBA, Brazil, July 7- Brazilian police seized documents and questioned suspects on Thursday to investigate Panama's FPB Bank which allegedly worked with the "Panama Papers" law firm to spirit money out of Brazil connected to corruption at state-run companies. Police said FPB Bank was under investigation for "financial crimes, laundering of assets and...

  • BRASILIA, July 7- Brazil set a smaller 2017 primary deficit target than initially envisioned, in an attempt to show greater austerity after an increase in spending raised doubts about the government's fiscal discipline. Finance Minister Henrique Meirelles said the new target is realistic, despite a drop in revenues amid a crippling recession, but the...

  • BRASILIA, July 7- Brazil set a smaller 2017 primary deficit target than initially envisioned, in an attempt to show greater austerity after an increase in spending raised doubts about the government's fiscal discipline. Interim President Michel Temer, who replaced suspended President Dilma Rousseff as she faces an impeachment trial for allegedly breaking...

  • CURITIBA, Brazil, July 7- Brazilian police seized documents and questioned suspects on Thursday to investigate Panama's FPB Bank in connection with a sweeping graft probe of political corruption at state-run companies. Police said FPB Bank was under investigation for "financial crimes, laundering of assets and transnational criminal organization" for...

  • BRASILIA, July 4- Brazil's federal police served five arrest warrants and conducted search and seizure operations in three states on Monday, in the latest round of a sweeping corruption probe around state-run oil firm Petroleo Brasileiro SA. Part of the funds allegedly embezzled were directed to the leftist Workers Party, the ruling party in Brazil from 2003...

  • BRASILIA, July 1- Brazil's central bank aims to reduce its stock of currency swaps and does not rule out direct intervention in the forex market to reduce volatility, central bank governor Ilan Goldfajn said in an interview published by newspaper Valor Economico on Friday. The central bank under Goldfajn's predecessor Alexandre Tombini had sharply reduced...

  • BRASILIA, July 1- Brazilian police on Friday raided offices of pulpmaker Eldorado Celulose controlled by the billionaire Batista family, a company spokesman said, in the latest stage of the country's biggest-ever corruption investigation. The Batista family, through holding J&F Investimentos SA, has stakes in pulp, agribusiness, cosmetics, home cleaning...