Politics Dilma Rousseff

  • BRASILIA, Dec 5- Brazil's Supreme Court on Monday removed Senator Renan Calheiros as president of the Senate after the top court indicted him last week on charges of embezzlement, a court spokesman said, a move that could put the government's belt-tightening agenda in peril. The head of the Senate is the second in line after the speaker of the lower house, as Brazil...

  • BRASILIA, Dec 5- Brazil's Supreme Court on Monday removed Senator Renan Calheiros as president of the Senate after the top court indicted him last week on charges of embezzlement, a court spokesman said. The head of the Senate is the second in line after the speaker of the lower house, as Brazil does not have a vice president at the moment. The change of leadership in...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • SAO PAULO, Nov 30- Movida Participações SA on Wednesday filed for regulatory permission to sell shares for the first time in the São Paulo Stock Exchange, the second such plan by a Brazilian car rental company this year. The move underscored the resilience of car renting despite Brazil's harshest recession in eight decades, high unemployment and a slump in...

  • SAO PAULO, Nov 30- Andrade Gutierrez SA, one of Brazil's largest engineering and business groups, on Wednesday signed a leniency deal with a government agency related to a major corruption scandal. Andrade Gutierrez and antitrust watchdog agency Cade said in separate statements the accord is part of an investigation into engineering works carried out across...

  • BRASILIA, Nov 30- Brazil's central bank is widely expected to keep its moderate pace of interest rate cuts on Wednesday due to growing political and market uncertainty clouding the path to recovery from a grueling two-year recession. A faltering economy has raised pressure on the bank to keep easing policy, but market turmoil triggered by the election of...

  • SAO PAULO, Nov 28- Brazilian car rental firm Unidas SA on Monday announced an initial public offering in São Paulo in a securities filing, one of the few IPOs in the last two years in Latin America's largest economy. The plan was announced a month after Enterprise Holdings Inc, the world's No. 1 car rental firm, bought a 20 percent stake of Unidas from three funds.

  • SAO PAULO/ BRASILIA, Nov 23- Brazilian engineering conglomerate Odebrecht SA has agreed to plea bargains and a massive leniency deal under which it would pay around 7 billion reais in fines for its role in Brazil's biggest corruption scandal, a person familiar with the matter said. The deals sent shockwaves through Brazil's political establishment as they...

  • SAO PAULO/ BRASILIA, Nov 23- Brazilian engineering conglomerate Odebrecht SA has agreed to plea bargains and a massive leniency deal under which it would pay around 7 billion reais in fines for its role in Brazil's biggest corruption scandal, a person familiar with the matter said. The deals sent shockwaves through Brazil's political establishment as they...

  • *Turkey, Brazil have been worry for aviation sector in past year. PARIS, Nov 23- Aviation markets in Turkey and Brazil, flashpoints for political or economic uncertainty in the last year, are stabilising, a top aircraft leasing company said on Wednesday. "Turkey is obviously going through a relatively challenging time but the fundamentals of air travel in Turkey...

  • Brazil's two-year-long recession worsened in the third quarter, according to central bank data, despite expectations of a surge in business confidence following the recent ouster of President Dilma Rousseff, who was unpopular with investors. Brazil's standard unemployment rate, which takes into account only the jobless looking for full-time work, rose to...

  • Speaking to an advisory council of business leaders, Temer vowed to send a proposal to Congress next month to reform the pension system once lawmakers pass a spending cap. A 20- year-long ceiling on federal spending cap should pass Congress without changes in a few weeks, he added. "The nature of Brazil's crisis is fiscal.

  • BRASILIA, Nov 21- Brazilian President Michel Temer warned on Monday that the public sector debt will swell to the size of the country's gross domestic product by 2024 if public spending is not brought under control and fiscal reforms not enacted. Speaking to an advisory council of business leaders and prominent Brazilians, Temer said his government will send a...

  • BRASILIA, Nov 15- The International Monetary Fund's executive board said on Tuesday the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new...

  • SAO PAULO, Nov 14- The Brazilian real slumped for a fourth straight day on Thursday, as concern over U.S. Low trading volumes before a local holiday magnified currency moves, with the real weakening more than the Mexican peso even after Brazil's central bank took strong action to curb volatility. Traders also cited concerns over an investigation in Brazil's top...

  • BRASILIA, Nov 10- Royal Dutch Shell Plc will invest $10 billion in Brazil over five years now that the country has increased opportunities for foreign companies in its oil industry, its chief executive officer said on Thursday. Already the largest foreign investor in Brazil, Shell is particularly encouraged by recent legislation that increases the role of...

  • SAO PAULO, Nov 10- Lawyers for Brazil's former President Dilma Rousseff, impeached and removed from office in May, filed documents with a top electoral court Thursday which they said proved her former vice president and now-leader Michel Temer took a large bribe. Brazil's top electoral court has for months investigated whether illegal funds were used in...

  • SANTIAGO/ SÃO PAULO, Nov 10- Brazil's central bank and Treasury sprang into action to calm the debt market and stem the Brazilian real currency's slide on Thursday after U.S. Brazil's benchmark Bovespa stock index fell 3.89 percent, but remained above the 60,000 point milestone. Traders said they also feared President Michel Temer could face legal action...

  • SAO PAULO, Nov 10- In six months at the helm of Brazil's state development bank, Maria Sílvia Bastos Marques has implemented the most ambitious turnaround of BNDES in two decades while reversing years of costly support for handpicked local conglomerates. During the 13- year rule of the leftist Workers Party, which ended with the impeachment of President Dilma...