Politics Dilma Rousseff

  • *Moody's not discussing investment-grade rating for Brazil. BUENOS AIRES, Sept 29- Brazil will not obtain an investment-grade credit rating from Moody's Investors Services before the current president's term ends in 2018, a Moody's analyst told Reuters on Thursday, adding that planned reforms are crucial for earning a stable outlook.

  • BRASILIA, Sept 29- A ban on companies funding election campaigns in Brazil that was meant to clean up politics amid the worst graft scandal in decades is instead helping wealthy businessmen and candidates backed by evangelical churches to dominate major races at Sunday's city elections. "Ending corporate donations has, in fact, favored rich candidates who...

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • RIO DE JANEIRO— The ex-finance minister under Brazilian presidents Dilma Rousseff and Luiz Inacio Lula da Silva was arrested Thursday in the corruption scandal at state-run oil giant Petrobras, but a judge allowed him to be freed while his wife had cancer surgery. Mantega has been accused of asking tycoon Eike Batista for bribes on behalf of the Workers' Party...

  • Speaking for the first time to investors in New York, Temer said he was confident he will have enough backing in Congress to pass unpopular fiscal reforms needed to plug a ballooning budget deficit and regain the confidence of markets in the once-booming economy. Temer, formally sworn in three weeks ago, has managed to approve minor bills in Congress after...

  • SAO PAULO, Sept 21- State-controlled Brazilian oil company Petroleo Brasileiro SA is considering lowering wholesale gasoline and diesel prices by year-end, which would be the first time since September 2015, O Globo newspaper said on Wednesday. In a news conference on Tuesday, Chief Executive Officer Pedro Parente said the company would not need government...

  • LONDON/ SAO PAULO, Sept 21- Eldorado may offer a cautionary tale for investing in Brazilian bonds, yet a 20 percent fall in the pulpmaker's debt since it borrowed $350 million in June has not reduced appetite for the country's corporate credit. Investors in Eldorado's bonds were caught out by the country-wide corruption probe which spread to the company and its...

  • Brazil's former president Luiz Inacio Lula da Silva will stand trial on corruption charges, a crusading federal judge ruled on Tuesday.

  • UNITED NATIONS, Sept 20- Brazil's new president, Michel Temer, told the United Nations General Assembly on Tuesday that the impeachment of his predecessor Dilma Rousseff was conducted with "absolute respect" for the rule of law and that confidence was returning to the country's battered economy. Temer, who was sworn in after Rousseff was dismissed by Congress on...

  • RIO DE JANEIRO/ SAO PAULO, Sept 20- Brazil's state-led oil company Petrobras on Tuesday cut planned investments by 25 percent in a drive to reduce the largest debt burden among global petroleum producers and revive investor confidence battered by a corruption scandal. Petrobras contributes about 10 percent of the nation's economic output and Brazil's...

  • UNITED NATIONS, Sept 20- Brazil's new president Michel Temer told the United Nations General Assembly on Tuesday that the impeachment of his predecessor Dilma Rousseff was conducted with "absolute respect" for the rule of law and that confidence was returning to the country's battered economy. Her removal from office was carried out within the rules set by...

  • RIO DE JANEIRO/ SAO PAULO, Sept 20- Brazil's state-owned oil company Petrobras on Tuesday cut its planned investment by 25 percent in a drive to reduce the largest debt burden among global petroleum firms and revive investor confidence battered by a corruption scandal. In a securities filing, Petróleo Brasileiro SA, as the company is formally known, pledged up...

  • UNITED NATIONS, Sept 20- Brazil's new president Michel Temer told the United Nations General Assembly on Tuesday that the impeachment of his predecessor Dilma Rousseff was conducted with "absolute respect" for the country's Constitution and that confidence was returning to the economy. Rousseff's impeachment was carried out within the rules set by...

  • RIO DE JANEIRO, Sept 19- Brazil's heavily indebted state-led oil company Petrobras will likely cut planned investment by about a sixth and its 2020 output goal by 14 percent under a five-year strategic plan that could be released as early as Monday after markets close, according to analysts. "This plan is very important for setting expectations at a company that...

  • LONDON, Sept 14- Emerging market stocks fell for a fourth day running on Wednesday as growing concerns about the ability of central banks to keep pump priming global growth left them on their worst run in three months. Another 0.3 percent fall pushed MSCI's closely-followed 27- country EM index to a six-week low, though emerging Europe's bourses offered some...

  • BRASILIA, Sept 13- The founding members of Mercosur will give Venezuela until Dec. 1 to meet its membership requirements or be suspended from the trade bloc, Brazil said on Tuesday, in the latest twist in a row that has exposed ideological divisions. All Mercosur members but Uruguay blocked Venezuela from assuming the rotating presidency in June, accusing the...

  • BRASILIA, Sept 13- Brazil's new government on Tuesday launched a sweeping plan to auction off licenses to operate oil and gas, electricity and infrastructure projects in an attempt to boost investment and pull the economy out of the deepest recession in eight decades. The government will sell operating licenses by March for airports in the cities of Porto...

  • BRASILIA, Sept 12- Two weeks after the removal of Dilma Rousseff as Brazil's president, the lower house of Congress on Monday expelled the lawmaker who engineered her impeachment for lying about secret bank accounts in Switzerland. "This shows that Brazil will no longer tolerate a politician who turned Congress into a business counter for bribes and favors,"...

  • BRASILIA, Sept 12- Two weeks after the removal of Dilma Rousseff as Brazil's president, the lower house of Congress will meet Monday to vote on whether to expel the lawmaker who engineered her impeachment and who faces corruption charges in the Supreme court. Cunha's fate has many politicians worried because he has threatened to bring down others by revealing...