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Politics Dilma Rousseff

  • BRASILIA, March 22- The lower house of the Brazilian Congress passed a bill on Wednesday to allow companies to outsource any job, a first move that was fiercely opposed by unions to reform the country's outdated labor laws. "The modernization of our labor laws with outsourcing and temporary work will create a new employment environment in the country and...

  • BRASILIA, March 22- Brazil's government on Wednesday postponed a much-awaited decision on potential budget freezes and tax hikes for this year, saying the final numbers depend on upcoming court rulings that are expected to help the government raise revenues. The government sees a large possibility of tax increases, Finance Minister Henrique Meirelles told...

  • SAO PAULO, March 20- Petróleo Brasileiro SA, Brazil's state-controlled oil company, likely returned to a profit in the fourth quarter, reflecting the impact of higher average oil prices, lower asset writedowns and cost-cutting, analysts said on Monday. A stable currency, a product of growing confidence in Brazil in the wake of former President Dilma Rousseff's...

  • SAO PAULO, March 20- Petróleo Brasileiro SA, Brazil's state-controlled oil company, likely returned to a profit in the fourth quarter, reflecting the impact of higher average oil prices, lower asset writedowns and cost-cutting. Rio de Janeiro- based Petrobras probably earned 3.701 billion reais last quarter, reversing a net loss of 16.458 billion reais in the...

  • BRASILIA, March 15- Brazil's president and senior lawmakers redoubled their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the expansion of a graft probe threatening the ruling coalition. The government's agenda received a vote of confidence from Moody's Investors Service, which cited progress on...

  • SAO PAULO, March 15- Moody's Investors Service on Wednesday revised upward the ratings outlook for Brazil's sovereign rating to stable from negative, saying Latin America's largest economy was poised to exit its deepest recession on record. In a statement, Moody's Vice President Samar Maziad said a stabler macroeconomic outlook is likely to bolster the...

  • BRASILIA, March 15- Brazil's president and senior lawmakers were unwavering in their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the dramatic expansion of a graft probe threatening the ruling coalition. Moody's Investors Service added a vote of confidence in the government, citing the ongoing...

  • Carlos Lima, the dean of a team of prosecutors in southern Brazil that is driving the three-year old "Car Wash" investigation, said the Odebrecht statements expanded the probe far beyond expectations and would ensnare top congressmen, senior members of the executive branch and other powerful figures. On Tuesday, Brazil's Prosecutor General Rodrigo Janot...

  • BRASILIA, March 14- Brazil's top public prosecutor asked the Supreme Court to open 83 new investigations into senior politicians on Tuesday, reportedly including five ministers and leading lawmakers, in a dramatic escalation of a graft probe threatening the government. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests...

  • BRASILIA, March 14- Brazil's top public prosecutor asked the Supreme Court to open 83 new investigations into senior politicians on Tuesday, reportedly including five ministers and leading lawmakers, in a dramatic escalation of a graft probe threatening the government. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests...

  • BRASILIA, March 14- Brazil's top public prosecutor dramatically expanded a corruption probe of the country's political establishment on Tuesday, asking the Supreme Court to open 83 new investigations of politicians named in explosive plea bargain testimony. Under Brazilian law, cabinet ministers, federal senators and lower house lawmakers can be tried...

  • BRASILIA, March 9- American Airlines Inc plans to invest $100 million in an aircraft maintenance center in Sao Paulo, a Brazilian minister said on Thursday, touting it as a sign of confidence in Latin America's largest economy despite Brazil's recession and latest political turmoil. "An American Airlines executive told me today the company does not share the...

  • SAO PAULO, March 9- Brazilian wealth managers saw assets under administration increase by more than one-fifth last year, when growing confidence in a recovery in Latin America's largest economy drove the strongest interest rate, currency and stock rally in seven years. Even as Brazil's interbank interest rates averaged 14 percent- the highest among the...

  • BRASILIA, March 7- Constrained by a spending cap enacted by his own administration, President Michel Temer's government is brainstorming to cut costs and squeeze more from a leaner federal budget. Tens of thousands of civil servants will have to take regular taxis to get around Brasilia, the capital, because fleets of chauffeur-driven government cars will be...

  • BRASILIA, March 7- Brazil's worst-ever recession intensified unexpectedly in the final quarter of 2016, data showed on Tuesday, frustrating hopes for signs of a recovery and stepping up pressure on President Michel Temer and the central bank to do more to promote growth. Brazil's gross domestic product contracted by 3.6 percent last year, statistics agency...

  • BRASILIA, March 7- Brazil's worst-ever recession unexpectedly intensified in the final quarter of 2016, data showed on Tuesday, frustrating hopes for signs of a recovery and stepping up pressure on President Michel Temer and the central bank to do more to stimulate growth. Brazil's gross domestic product contracted by 3.6 percent in 2016, statistics agency...

  • BRASILIA, March 7- Brazil's worst recession ever intensified in the final months of 2016, data showed on Tuesday, frustrating hopes of an imminent rebound despite stimulus measures including a rapid fall in central bank interest rates. Brazil's gross domestic product contracted by 3.6 percent in 2016, statistics agency IBGE said on Tuesday, following a 3.8...

  • TORONTO, March 5- Bills to reform Brazil's mining industry are expected to go before Congress in late March or early April and could be enacted by 110 days after that, the country's mines and energy minister said in an interview on Sunday. A remodeled mining code, aimed at reviving investor interest, was first proposed in 2009 but stalled in Congress in 2013.

  • BRASILIA/ SAO PAULO, March 5- Brazil's top prosecutor will seek authorization from the Supreme Court as soon as this week to investigate senior ministers in President Michel Temer's Cabinet and senators from his PMDB party for corruption, a source familiar with the situation said on Sunday. Folha de S. Paulo newspaper reported on Sunday that the request by...

  • TORONTO, March 5- Bills to reform Brazil's mining industry are expected to go before Congress in late March or early April and could be enacted by 110 days after that, the country's mines and energy minister said in an interview on Sunday. A remodeled mining code, aimed at reviving investor interest, was first proposed in 2009 but stalled in Congress in 2013.