Politics Dilma Rousseff

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • BRASILIA, Jan 16- Brazil will increase a subsidized credit line available to farmers to prepare for the 2017-2018 crop by about one-fifth to 12 billion reais, President Michel Temer told Reuters on Monday. The new crop financing will allow Brazilian producers to purchase agricultural inputs such as seeds, fertilizers and pesticides at reduced interest rates...

  • BRASILIA, Jan 16- Brazilian car rental firm Movida Participações SA plans to sell shares in an initial public offering at between 8.9 reais and 11.3 reais, it said in a filing on Monday. Book building starts on Monday and ends on Feb. 6, and shares are expected to start trading in the Sao Paulo stock exchange on Feb. 8, according to the filing. Movida's IPO plan...

  • Sao Paulo skyline

    Brazil continues to deliver hefty returns on its stocks, even weathering a deep economic downturn.

  • SAO PAULO, Jan 12- The Brazilian government is drafting a decree to allow 100 percent foreign ownership of local airlines, a Transportation Ministry spokesperson said on Thursday, a move that could attract investors to a recession-beaten industry. Newspaper Valor Econômico, citing three unnamed aides to President Michel Temer, earlier on Thursday reported...

  • BRASILIA, Jan 11- Brazil surprised markets with a larger-than-expected interest rate cut on Wednesday, as the worst recession in Brazilian history threatens to stretch into a third year. In a unanimous vote, the central bank's nine-member monetary policy committee, known as Copom, decided to cut its benchmark Selic rate by 75 basis points to 13.00 percent after...

  • BRASILIA, Jan 11- Brazil surprised markets with a larger-than-expected interest rate cut on Wednesday, stepping up its monetary easing to revive an economy mired in its worst recession ever. In a unanimous vote, the central bank's nine-member monetary policy committee, known as Copom, decided to cut its benchmark Selic rate by 75 basis points to 13.00 percent...

  • BRASILIA, Dec 29- Brazil will seek to simplify its tax code in 2017, President Michel Temer said on Thursday, aiming to broaden his business-friendly reform agenda following proposals to modify the pension system and labor laws. This month, Congress sanctioned his proposal to limit growth of public spending for the next 20 years, clearing the way for votes on...

  • BRASILIA, Dec 29- Brazil will seek to simplify its tax code in 2017, President Michel Temer said on Thursday, aiming to expand business-friendly reforms following proposals to modify the pension system and labor laws. This month, Congress sanctioned his proposal to limit growth of public spending for the next 20 years, clearing the way for votes on other...

  • SAO PAULO, Dec 29- Brazil's real currency and stocks closed 2016 with the best yearly performance in seven years, boosted by hopes that centre-right President Michel Temer would curb public spending following the ouster of his leftist predecessor Dilma Rousseff. Between 2011 and 2015, the real had lost more than half of its value as concerns over Brazil's...

  • BRASILIA, Dec 29- Brazil will seek to simplify its tax code in 2017, President Michel Temer said on Thursday, aiming to expand reforms following earlier proposals to modify the pension system and labor laws. This month, Congress sanctioned his proposal to limit growth of public spending for the next 20 years, clearing the way for votes on other measures.

  • SAO PAULO, Dec 29- The Brazilian real strengthened 21.5 percent in 2016, the most in seven years, boosted by hopes that centre-right President Michel Temer would curb public spending following the ouster of his leftist predecessor Dilma Rousseff. The real closed 1 percent higher on Thursday at 3.2492 reais. Its gains in 2016 snapped a five-year losing streak.

  • Allegations that Temer and members of his inner circle solicited illegal funds for his 2014 vice presidential campaign threaten to undermine a solid majority in Congress that put him in office by impeaching leftist Dilma Rousseff in August. Senator Ronaldo Caiado, whose Democrats Party is one of the strongest backers of Temer's austerity measures before...

  • LIMA/ QUITO, Dec 22- Politicians and investigators across Latin America demanded more information from Brazil- based construction company Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. Guilty pleas on Wednesday from Odebrecht and Braskem SA, the petrochemical company it jointly owns with Brazil's state-run oil...

  • LIMA/ QUITO, Dec 22- Politicians and investigators across Latin America demanded more information from Brazil- based construction giant Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. Guilty pleas on Wednesday from Odebrecht and Braskem SA, the petrochemical company it jointly owns with Brazil's state-run oil...

  • *Penalty latest fallout from Brazil's "Operation Car Wash". NEW YORK, Dec 21- Brazil- based construction colossus Odebrecht SA and affiliated petrochemical company Braskem SA agreed on Wednesday to pay at least $3.5 billion, the largest penalty ever in a foreign bribery case, to resolve international charges involving payoffs to Brazil's state oil company and...

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a $3.5 billion deal resolving a sweeping corruption probe of Brazil's state oil company. The companies entered their pleas in federal court in Brooklyn in...

  • SAO PAULO, Dec 20- Brazilian stocks rose on Tuesday after the nation's central bank announced measures to reduce credit costs, boosting financial institutions' shares. Shares of lenders Itaú Unibanco Holding SA, Banco do Brasil SA and Bradesco SA advanced more than 2 percent, lifting the country's benchmark Bovespa stock index up 1 percent.