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Politics Dilma Rousseff

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  • 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...

  • BRASILIA, Aug 18- Finance Minister Joaquim Levy said on Tuesday that Brazil will put recession behind it next year, refuting economists' forecasts the Brazilian economy will continue shrinking in 2016.. Brazil's economy is expected to shrink by 0.15 percent next year, following a sharp contraction of more than 2 percent forecast for this year, according to a...

  • SAO PAULO, August 17- A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress. Cervero and two other defendants are accused of organizing bribes from...

  • BRASILIA/ SAO PAULO, Aug 17- The Brazilian real is trading at or near fair value after losing one quarter of its worth since Jan. 1, economists said, suggesting a possible respite for one of the year's most battered currencies. But even Brazil's political crisis, one of the main drags on the currency this year, does not look as bad as it did a couple of weeks ago.

  • SAO PAULO, Aug 16- Hundreds of thousands of demonstrators returned to the streets in dozens of Brazilian cities on Sunday to call for the impeachment of President Dilma Rousseff, blaming her for a vast corruption scandal and the economy's worst slump in a quarter century. About 135,000 people swarmed Sao Paulo's financial district, according to pollster...

  • BRASILIA, Aug 14- Brazil's Treasury asked state governments to halt requests for new loans to avoid lifting its overall debt which is being closely watched by credit rating agencies that have threatened to take away the country's coveted investment grade rating, the finance ministry said in a statement on Friday. Rating agency Standard& Poor's has threatened...

  • SAO PAULO, Aug 14- Brazilian meatpacker JBS SA expects fresh beef exports to the United States to begin no earlier than 2016, later than the Brazilian government predicted, Chief Executive Officer Wesley Batista said on Friday. A green light for fresh beef shipments to the United States could help Brazil gain access to other key markets, such as Japan and South...

  • SAO PAULO, Aug 14- More defendants are negotiating and signing plea bargain deals in a massive bribery case focused on Brazil's state-run oil firm Petrobras as federal prosecutors prepare charges against higher-profile suspects, including politicians. Petrobras' former head of corporate services Renato Duque and Fernando Soares, a lobbyist who helped...

  • BRASILIA, Aug 12- President Dilma Rousseff got an extra 15 days on Wednesday to respond to allegations that she doctored public accounts last year, delaying a decision by a court that could pave the way for the leftist leader's impeachment. The Federal Accounts Court, known as the TCU, granted the extra time and could now delay until September whether to reject or...

  • SAO PAULO, Aug 11- Moody's Investors Service cut Brazil's credit rating to near-junk status on Tuesday but said the country's coveted investment grade status is safe for now, proving some relief to investors and the government of President Dilma Rousseff. Moody's decision comes two weeks after competing ratings firm Standard& Poor's warned Brazil could lose...

  • Brazil's VP holding fort for unpopular Rousseff Tuesday, 11 Aug 2015 | 1:14 PM ET

    BRASILIA, Aug 11- Vice President Michel Temer is increasingly seen as the man who could lead Brazil out of political crisis if President Dilma Rousseff is forced from office, but people who know him say he will do all he can to see her serve out her term. They doubt, though, that he can do much to save her if the current pro-impeachment drumbeat results in a trial in...