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Politics Dilma Rousseff

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  • RIO DE JANEIRO— The bottom seems to have fallen out of Brazil's economy, with the government reporting Friday that the gross domestic product plunged 1.9 percent in the second quarter alone, once again throwing the nation into a technical recession. Like most Latin American nations, Brazil has been hurt by the plunge in commodity prices and the slowdown in China,...

  • SAO PAULO, Aug 28- Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal. "The drop in consumption shows the crisis of confidence the economy is facing," said Newton Rosa,...

  • SAO PAULO, Aug 28- Brazil's economy shrank 1.9 percent in the second quarter, sinking the country into a recession that has decimated the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal. The quarterly contraction, reported by government statistics agency IBGE on...

  • BRASILIA, Aug 27- Brazil's central government posted a primary budget deficit of 7.224 billion reais in July, the third straight monthly gap as the government struggles with plummeting revenues, according to Treasury data released on Thursday. The central government account covers federal ministries, the central bank and social security.

  • BRASILIA, Aug 26- Brazil's highest accounting court gave another 15 days for President Dilma Rousseff to respond to accusations she doctored the government accounts last year to hide the deterioration of the country's finances. Judges of the Federal Accounts Court, known as the TCU, decided on Wednesday to give Rousseff more time in a case that her opponents...

  • BRASILIA, Aug 26- Brazil's government is preparing a deal to allow construction companies implicated in a massive corruption scandal to do business again with state-run oil company Petrobras in exchange for the payment of fines and damages, a government official briefed on the matter said on Wednesday. Late last year, Petroleo Brasileiro froze payments to...

  • WASHINGTON, Aug 24- Brazil's Finance Minister Joaquim Levy on Monday dismissed speculation that he plans to quit following media reports of clashes with other cabinet ministers over austerity measures he is seeking to push through. Speaking at a press conference in Washington, Levy said members of President Dilma Rousseff's government were working...

  • BRASILIA, Aug 24- Brazil will sharply pare back the number of government ministries after years of expansion, the administration said on Monday, in a move to show wary markets President Dilma Rousseff's commitment to an unpopular austerity plan. The reduction of the cabinet posts could further complicate Rousseff's relations with political parties of her...

  • BRASILIA, Aug 24- Brazil's government announced on Monday it will slash the number of ministries and reduce its spending, in an effort to show commitment to austerity that could be politically costly for President Dilma Rousseff. Brazil's ruling Workers' Party has been criticized for bloating the size of government. The distribution of ministry jobs has been...

  • SAO PAULO, Aug 21- The vice president of Brazil's TSE electoral authority on Friday asked for an investigation of President Dilma Rousseff's 2014 re-election campaign, citing evidence that it may have been financed with money from a corruption scheme at state-run oil firm Petroleo Brasileiro SA. In a document sent to federal prosecutors and federal police,...

  • SAO PAULO— The speaker of Brazil's lower house of congress on Friday strongly denied newly filed charges of corruption and said he won't resign from office. Attorney General Rodrigo Janot filed the charges Thursday against Chamber of Deputies speaker Eduardo Cunha and former President Fernando Collor, who is now a senator. In a meeting with union leaders in...

  • BRASILIA, Aug 20- Germany and Brazil committed themselves on Thursday to a joint stance on climate change, putting the largest economies in Europe and Latin America on the same page ahead of global climate talks in Paris in December. She said Brazil is committed to reducing deforestation in the Amazon to zero by 2030.. Germany's Development Ministry will...

  • Germany and Brazil join forces on climate change action Thursday, 20 Aug 2015 | 2:42 PM ET

    BRASILIA, Aug 20- Germany and Brazil committed on Thursday to a joint stance on climate change, a move that puts the largest economies in Europe and Latin America on the same page ahead of global climate talks in Paris in December. Germany's Development Ministry will provide Brazil 525 million euros in loans to fund the development of renewable energy sources...

  • BERLIN, Aug 20- A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year. Turning to Brazil, where Rousseff is trying to reduce a gaping fiscal deficit and restore confidence in her government's...

  • BERLIN, Aug 20- A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year. Turning to Brazil, where Rousseff is trying to reduce a gaping fiscal deficit and restore confidence in her government's...

  • RIO DE JANEIRO, Aug 20- Brazil's unemployment rate rose for a seventh straight month in July to the highest in over five years, government data showed on Thursday, underscoring expectations for a deep recession in 2015.. Brazil's non-seasonally adjusted jobless rate rose in July to 7.5 percent from 6.9 percent in June, statistics agency IBGE said.

  • BRASILIA, Aug 19- Brazil's Senate approved a bill to roll back payroll tax breaks on Wednesday that is a key measure in President Dilma Rousseff's efforts to reduce a gaping fiscal deficit and restore confidence in her government's accounts. The Senate voted 45-27 to pass the bill. Rousseff has struggled to pass austerity measures through a rebellious...

  • Brazil Senate passes austerity bill in win for Rousseff Wednesday, 19 Aug 2015 | 8:52 PM ET

    BRASILIA, Aug 19- Brazil's Senate approved a bill to roll back payroll tax breaks on Wednesday that is a key measure in President Dilma Rousseff's efforts to reduce a gaping fiscal deficit and restore confidence in her government's accounts. The Senate voted 45-27 to pass the bill. The vote puts an end to months of heated debate over the final major piece of...

  • SAO PAULO, Aug 19- Brazilian engineering company Camargo Correa has agreed to pay fines of more than 104 million reais and admit to participating in a cartel that fixed prices on contracts with state-run oil producer Petrobras, antitrust regulator Cade said on Wednesday. Camargo Correa was the first of Brazil's construction companies whose top executives...

  • SAO PAULO, Aug 19- Banco do Brasil SA on Wednesday raised its limits on loan exposure to the nation's largest firms, a sign that President Dilma Rousseff is again using state-controlled lenders to help stem the fallout from a deep recession. Banco do Brasil shares fell almost 5 percent in São Paulo, their biggest drop in a month, amid investor concerns that the...