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Politics Dilma Rousseff

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  • CURITIBA, Brazil, July 24- Brazilian prosecutors will present formal charges Friday against the chief executive of Latin America's largest engineering firm and other senior executives detained last month in a landmark investigation meant to show the country's elite are not above the law. Top executives of Brazil's second-largest engineering firm...

  • BRASILIA, July 22- Brazil dramatically lowered its fiscal savings goals for 2015 and 2016 on Wednesday, due to plunging tax revenues, and announced new spending cuts to underscore its commitment to austerity amid a steep economic downturn. The agencies have warned they may further downgrade Brazil, a move which could undermine investor confidence and raise...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • SAO PAULO— Brazilian President Dilma Rousseff has been given until the end of Wednesday to provide the Federal Audit Court with her written explanation for alleged irregularities in accounting methods her government used in 2014.. They then go to Congress, which can decide whether to approve the administration's finances for the previous year.

  • BRASILIA, July 22- Brazil will drastically slash its key fiscal savings goal for this year due to falling tax revenues but plans new spending cuts to show its commitment to austerity, three government officials familiar with the decision told Reuters on Wednesday. Reducing the primary surplus goal could complicate President Dilma Rousseff's bid to retain...

  • BRASILIA, July 22- The Brazilian government will slash its key fiscal surplus goal for this year as tax revenues sink but plans to unveil fresh spending cuts to show its commitment to austerity, two officials familiar with the decision told Reuters on Wednesday. Reducing the primary surplus goal could complicate President Dilma Rousseff's bid to retain...

  • BRASILIA, July 21- Brazil may cut spending further to strengthen its finances following a sharp drop in tax revenues, Finance Minister Joaquim Levy said on Tuesday, without ruling out the possibility of lowering the government's key budget surplus target. With markets leery of the government adjusting its closely watched primary budget surplus goal of 1.1...

  • BRASILIA, July 21- Brazil's Federal Audit Court will not speed up the settlement of billions of reais worth of overdue payments that have dragged on for years, a court judge told Reuters on Tuesday, easing pressure on President Dilma Rousseff as she struggles to shore up public finances. Augusto Nardes, a judge at the court known as TCU, is leading the review of...

  • BRASILIA, July 21- Brazilian President Dilma Rousseff's popularity slumped to a new low and support for her impeachment grew amid a deepening corruption scandal and a severe economic downturn, according to an opinion poll published on Tuesday. The numbers are another blow for Rousseff, who is facing criticism from within her own leftist Workers' Party over...

  • BRASILIA, July 17- The decision of the speaker of Brazil's lower house of Congress to break with President Dilma Rousseff's government was "strictly personal" and should not affect congressional decisions, her office said in a statement on Friday.

  • SAO PAULO, July 16- Federal prosecutors in Brazil have opened a formal inquiry into whether former President Luiz Inácio Lula da Silva improperly used his connections overseas to benefit Latin America's largest engineering firm, Odebrecht SA, a spokeswoman said on Thursday. The inquiry puts the legacy of one of Brazil's most popular former leaders on the...

  • BRASILIA, July 16- Iran's nuclear deal opens great opportunities for Brazilian exports from machinery to planes, and a business mission will go Tehran this year to strengthen bilateral ties, Brazil's trade minister, Armando Monteiro, said on Thursday. Iran and six major world powers reached a landmark nuclear deal on Tuesday, clearing the way for an easing of...

  • BRASILIA, July 16- The speaker of Brazil's lower house of Congress said on Thursday he is weighing legal arguments to impeach President Dilma Rousseff, which would be the first ouster of a sitting president in the country in nearly 23 years. Cunha has himself been named in a Supreme Court investigation of corruption at Petrobras, formally known as Petroleo...

  • Police seized luxury cars including a red Ferrari, a black Porsche and a gray Lamborghini from the home of Senator Fernando Collor de Mello, a former president, according to a Reuters witness. Police did not provide the names of those under investigation but confirmed the operations were ordered by Brazil's Supreme Court, which is the only authority that can...

  • Senators Fernando Collor de Mello and Ciro Nogueira are among the names being investigated in the 16th round of the probe, dubbed "Politeia", TV Globo and newspaper O Estado de S. Paulo said. In statements, Brazil's federal police and prosecutors did not confirm the names under investigation but said the operations were ordered by the Supreme Court, Brazil's...

  • BRASILIA, July 10- Brazil raised the rate of return on new highway concessions and will do the same for other infrastructure projects to woo much-needed investment into the sluggish economy, a senior government official said on Friday. Deputy Planning Minister Dyogo de Oliveira said in an interview the government will raise internal return rates, or IRR, on...

  • BRASILIA, July 10- The Brazilian government raised the internal rate of return on new highway projects to 9.2 percent from a previous 7.2 percent, the Finance Ministry confirmed on Friday, the latest attempt to woo private investment into a sluggish economy. The hike reported earlier by Reuters marks a change in stance by President Dilma Rousseff, who was...

  • BRASILIA, July 10- The Brazilian government raised the internal rate of return on new highway projects to 9.22 percent from a previous 7.2 percent, a government official told Reuters on Friday, the latest attempt to woo private investment into a sluggish economy. "The goal of this is to attract investors," said the official, who requested anonymity because the...

  • NEW YORK, July 10- A U.S. judge has rejected Brazilian state-run oil producer Petrobras' effort to dismiss a lawsuit claiming that years of corruption, including bribery, caused more than $98 billion of its stock and bonds to be overvalued. Shareholders led by England's Universities Superannuation Scheme Ltd alleged that Petrobras, whose formal name is...

  • RIO DE JANEIRO, July 8- Brazil poses a larger threat of contagion for global financial markets than other emerging economies, far eclipsing Russia and China, Fitch Ratings said on Wednesday, giving highlights of an upcoming survey of European fixed-income investors. The investors, who manage an estimated 7.8 trillion euros in assets, considered economic...