Politics Dilma Rousseff

  • 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...

  • SAO PAULO, Nov 10- Petróleo Brasileiro SA's profit is expected to have increased fourfold in the third quarter, a sign of the growing ability of Brazil's state-controlled oil company to ramp up output and seize on a currency rally in order to bolster local fuel prices and cut financial expenses. The currency gain, a product of growing confidence in Brazil in the...

  • BRASILIA, Nov 8- President Michel Temer said on Tuesday he expects Brazil's economy to emerge from a severe recession in the second half of next year, later than expected by most economists. He added Brazil, Latin America's largest economy, is making strides toward restoring business confidence and recovering the investment grade credit rating that it lost...

  • BRASILIA, Oct 27- Brazil's central government budget deficit widened more than expected in September as a deepening recession hurt tax revenues, the finance ministry said on Thursday. Brazil's central government primary deficit so far this year rose to 96.633 billion reais, the finance ministry said. Economists in a monthly poll by the Finance Ministry have...

  • BRASILIA, Oct 27- Brazil's central government budget deficit widened more than expected in September as a deepening recession hurt tax revenues, the Finance Ministry said on Thursday. Finance Ministry data earlier on Thursday showed federal tax revenues fell 8.27 percent from September 2015, also missing market expectations. Brazil's central government...

  • BRASILIA/ SAO PAULO, Oct 25- Brazil saw nearly $1.6 billion in net financial inflows between Wednesday and Friday of last week, a senior central bank officials said, as flows spiked ahead of the end-month expiry of an amnesty for the repatriation of irregular assets held abroad. The head of economic research at Brazil's central bank, Tulio Maciel, told reporters on...

  • People walk past an electronic board showing the graph of the recent fluctuations of market indices at the floor of Brazil's BM&F Bovespa Stock Market in downtown Sao Paulo, Brazil, May 9, 2016.

    Brazilian equities continued their climb higher on Monday, hitting their highest level in more than four years.

  • BRASILIA, Oct 21- Brazil's government fears that fallout from the arrest of the lower house's former speaker could cost it votes needed on Tuesday to convincingly pass a spending cap that is the pillar of its fiscal discipline plan, government aides said. The arrest on Wednesday of the speaker Eduardo Cunha on corruption charges, while expected, sent shockwaves...

  • RIO DE JANEIRO, Oct 20- Brazilian state development bank BNDES will focus new loans on infrastructure and smaller firms while scaling back the use of subsidized interest rates for future contracts, in a bid to shore up public finances and encourage private-sector banks to lend more. Rio de Janeiro- based BNDES, Brazil's main source of corporate credit since it...

  • People in front of the Central Bank of Brazil in Brasilia protest against the payment of public debt by the government.

    Brazil cut interest rates for the first time in four years on Wednesday, opting for a modest 25 basis-point reduction to launch an easing cycle.

  • BRASILIA, Oct 19- Microsoft Corp, still stung by accusations that it installed "back doors" for the U.S. government to access customers' communications, opened a center in Brazil on Wednesday where officials will be able to inspect its programming code, in an attempt to allay suspicions in the region that its software programs are vulnerable to spying.

  • BRASILIA, Oct 19- Brazil cut interest rates for the first time in four years on Wednesday, opting for a modest 25 basis-point reduction to launch an easing cycle aimed at pulling Latin America's biggest economy out of its worst recession in over a century. However, the bank said in its post-decision statement that it could opt for steeper cuts in the future if the...

  • BRASILIA, Oct 19- Eduardo Cunha, the former head of Brazil's lower house of Congress who led the impeachment drive against former President Dilma Rousseff, was arrested on Wednesday on corruption charges. Cunha, a one-time leader of the Evangelical Christian caucus in the House of Deputies, was arrested on charges he received millions in bribes from a purchase...

  • BRASILIA, Oct 19- Brazil cut interest rates for the first time in four years on Wednesday, opting for a modest 25 basis-point reduction to launch an easing cycle aimed at pulling Latin America's biggest economy out of its worst recession in more than a century. However, the bank said in its post-decision statement that it could opt for steeper cuts in the future if...

  • BRASILIA, Oct 19- Brazil's central bank is poised to cut one of the world's highest benchmark interest rates for the first time in four years on Wednesday, in an attempt to revive Latin America's No.1 economy from its deepest recession in decades. A lower Selic would mark the start of Brazil's first monetary easing cycle since 2012 and show the determination of...

  • BRASILIA, Oct 19- Brazil's central bank is poised to cut some of the world's highest interest rates for the first time in four years on Wednesday, in an attempt to help Latin America's No.1 economy emerge from its deepest recession in decades. Inflation has retreated in recent months and the initial approval of a key austerity proposal in Congress has given...