Politics Dilma Rousseff

  • But traders say that if the market is to maintain confidence in Temer, he must prove before year-end that he has the political clout to push through a fragmented Congress a constitutional amendment to curb growth in public spending. Temer will need provide "a very strong signal in the second half of this year that the spending ceiling will be approved in Congress...

  • RIO DE JANEIRO— A trial against Brazil's president turned into a yelling match and was temporarily suspended on Friday after the head of Senate declared "stupidity is endless" and sharply criticized a colleague who had questioned the body's moral authority. The second day of the trial against President Dilma Rousseff got off to an edgy start when Senate...

  • Fed chair Janet Yellen, while South Africa's rand and bonds remained under pressure after a tumultuous week. "People are booking profits after a strong run and South Africa has given them an excuse to do that." The South Africa rand firmed 0.2 percent but was on track to end the week 5 percent down and sovereign dollar bonds continued to sell off, with the 2025 issue...

  • Senators Ronaldo Caiado (R) and Lindbergh Farias (back) exchange insults during the Senate impeachment trial of Brazilian suspended President Dilma Rousseff at the National Congress in Brasilia on August 25, 2016.

    Nine months since impeachment proceedings began for Brazil's President Dilma Rousseff, the last stage of the process is finally underway.

  • Dilma Rousseff

    The next test for Brazilian politics is whether the new government can help revive the economy, says Adrienne Arsht Latin America Center's Andrea Murta.

  • Brazil Politics

    PIIE's Monica De Bolle says Rousseff's impeachment is highly likely and Brazil could see a Temer-led government by early September.

  • SAO PAULO, Aug 25- Latin American stocks and currencies seesawed on Thursday as traders avoided big bets ahead of U.S. Also fostering caution in Brazilian markets was suspended President Dilma Rousseff's trial at the Senate, which was widely expected to permanently confirm her impeachment. A final vote is likely to confirm her vice president Michel Temer as...

  • Brazil Politics

    Only 54 senators are needed to vote for a formal impeachment of Rousseff, with 49 declaring their willingness to do so, says CSIS' Michael Metera.

  • SAO PAULO, Aug 23- Mexico's peso deepened losses on Tuesday after Standard& Poor's cut the country's sovereign credit outlook to negative, while other Latin American currencies weakened following strong U.S. housing data ahead of Fed Chair Janet Yellen's speech Friday. Mexico's peso weakened for the fifth straight session to its worst level in two weeks after...

  • speech@ SAO PAULO, Aug 23- Latin American currencies slipped on Tuesday following strong U.S. housing data, but caution prevailed ahead of Fed Chair Janet Yellen's speech on Friday. Mexico's peso weakened for the fifth straight day, and the Colombian peso fell about 1 percent, despite rising crude prices. Traders also awaited suspended President Dilma...

  • SAO PAULO, Aug 22- Brazilian car exports could suffer if an ongoing rally in the currency extends beyond 3.1 reais per dollar, a key industry group said on Monday, a sign manufacturers could seek government help to stay competitive in overseas markets. Still, he suggested that a 23 percent gain in the Brazilian real this year could put the brakes on shipments of...

  • SAO PAULO, Aug 17- Brazil's federal auditing court TCU ordered on Wednesday the seizure of about 2.1 billion reais worth of assets from engineering firms Odebrecht SA and OAS SA and some of their executives, to recoup losses from contracts related to the country's biggest ever corruption scandal. Brasilia- based TCU said in a ruling that the decision aims to...

  • BRASILIA/ MONTEVIDEO, Aug 16- Brazil summoned Uruguay's ambassador on Tuesday after the neighboring country's foreign minister accused Brazil of trying to "buy" its vote to block Venezuela from taking the rotating presidency of the Mercosur trade bloc. In comments to lawmakers last week that were made public on Tuesday, Uruguayan Foreign Minister Rodolfo Nin...

  • BRASILIA, Aug 16- Brazil's Foreign Ministry summoned Uruguay's ambassador on Tuesday to explain comments reportedly made by Uruguay Foreign Minister Rodolfo Nin Novoa, who accused Brazil of trying to block Venezuela from taking the presidency of the Mercosur trade bloc. Uruguayan media reported that Nin Novoa said the Brazilian government tried to "buy"...

  • Brazil President Dilma Rousseff

    Brazil's suspended President said her impeachment would be a coup and called for early elections to unite a country mired in recession.

  • SAO PAULO, Aug 12- Brazil's largest labor unions plan to stage nationwide protests next week against government plans to cut pensions and worker benefits, signaling growing tensions over deficit-cutting efforts. With the eyes of the world on the Olympic Games in Rio de Janeiro, the Central Workers Union, Brazil's leading labor confederation, and another four...

  • SAO PAULO, Aug 12- Brazil's state-controlled banks, which have seen defaults and loan-loss provisions outpace those of rivals this year, are more confident than their private-sector competitors that Latin America's largest economy will soon emerge from a severe recession. Their bullish tone contrasts with the view of Brazil's top-two private-sector...

  • SAO PAULO, Aug 12- Brazil's Senate is expected to hold the final session for the impeachment trial of President Dilma Rousseff on Aug. 25, her lawyer said on Friday.

  • *Brazil, China leaders expected to discuss project next month. BRASILIA, Aug 11- Chinese firms are pushing to revive an $11 billion high-speed-train project to link Brazil's two largest cities, shelved after the South American nation descended into recession and political turmoil, three sources familiar with the talks told Reuters. China's ambassador to...

  • SAO PAULO, Aug 11- Carlyle Group LP and Brazilian investor Guilherme Paulus raised a combined 1.230 billion reais from the partial sale of their stakes in Brazilian travel agency CVC Brasil Operadora SA, a sign investors are slowly returning to Latin America's largest equity market. Before the offering, Carlyle and Paulus had about 69 percent of Brazil's...