Politics Dilma Rousseff

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  • CURITIBA, Brazil, July 7- Brazilian police seized documents and questioned suspects on Thursday to investigate Panama's FPB Bank in connection with a sweeping graft probe of political corruption at state-run companies. Police said FPB Bank was under investigation for "financial crimes, laundering of assets and transnational criminal organization" for...

  • BRASILIA, July 4- Brazil's federal police served five arrest warrants and conducted search and seizure operations in three states on Monday, in the latest round of a sweeping corruption probe around state-run oil firm Petroleo Brasileiro SA. Part of the funds allegedly embezzled were directed to the leftist Workers Party, the ruling party in Brazil from 2003...

  • BRASILIA, July 1- Brazil's central bank aims to reduce its stock of currency swaps and does not rule out direct intervention in the forex market to reduce volatility, central bank governor Ilan Goldfajn said in an interview published by newspaper Valor Economico on Friday. The central bank under Goldfajn's predecessor Alexandre Tombini had sharply reduced...

  • BRASILIA, July 1- Brazilian police on Friday raided offices of pulpmaker Eldorado Celulose controlled by the billionaire Batista family, a company spokesman said, in the latest stage of the country's biggest-ever corruption investigation. The Batista family, through holding J&F Investimentos SA, has stakes in pulp, agribusiness, cosmetics, home cleaning...

  • BRASILIA, June 30- The Brazilian government on Thursday kept its inflation target unchanged at 4.5 percent for 2018 after policymakers considered cutting it to show greater commitment to lower inflation. The National Monetary Council, the country's highest economic policy body formed by the central bank chief and the planning and finance ministers,...

  • BRASILIA, June 29- Brazil's interim government said on Wednesday it will veto an amendment to an aviation bill scrapping limits on foreign ownership of domestic airlines to save the rest of its air-transport legislation from Senate opposition. On Wednesday, the upper house approved the bill, but only after Brazil's interim-President Michel Temer promised...

  • BRASILIA, June 29- Brazil posted on Wednesday its largest ever primary budget deficit for the month of May, highlighting the challenges the government faces to close a massive fiscal shortfall amid the worst recession for decades. The primary deficit of 18.125 billion reais in May topped market expectations for a gap of 17.3 billion reais.

  • The Lower House passed a proposal this month to remove the current restriction on foreign companies not owning more than 20 percent of a Brazilian carrier, but the legislation faces opposition in the Senate, where lawmakers are concerned about its impact on regional airlines. "Afterwards, we will send this issue back for a deeper debate in the Senate."

  • BRASILIA, June 29- Brazil posted a primary budget deficit of 18.125 billion reais in May, central bank data showed on Wednesday, the largest ever for the month of May as the government faces a battle to close what could be a record shortfall this year. Michel Temer, who as vice president replaced President Dilma Rousseff during her impeachment trial in the Senate, is...

  • BRASILIA, June 28- Brazil's government aims to pass an overhaul of the costly public pension system in 2016 despite a delay in drafting a proposal and municipal elections looming in October, Presidential Chief of Staff Eliseu Padilha said on Tuesday. Brazil's generous pension system makes up around 40 percent of public expenditures and a constitutional...

  • BRASILIA, June 27- A pension reform in Brazil is unlikely to be approved before next year as lawmakers are reluctant to endorse the unpopular legislation before municipal elections in October, three government sources familiar with the matter told Reuters. However, three senior government officials, who asked not to be identified because of the sensitivity...

  • SAO PAULO, June 27- The Brazilian government has no immediate plans to raise the so-called Cide tax on gasoline despite a request from the sugar and ethanol sector to do so, a senior official at the Mining and Energy Ministry said on Monday. Fernando Coelho Filho, the energy minister, took the job shortly after interim President Michel Temer started his...

  • CURITIBA, Brazil, June 23- For weeks, his possible earth-shattering testimony in Brazil's biggest corruption scandal has been the talk of the nation, filling endless pages in newspapers and magazines. Breathless reports stated that Marcelo Odebrecht, the former chief executive of Latin America's largest construction firm, was on the cusp of turning state's...

  • CURITIBA, Brazil, June 23- For weeks, his possible earth-shattering testimony in Brazil's biggest corruption scandal has been the talk of the nation, filling endless pages in newspapers and magazines. Breathless reports stated that Marcelo Odebrecht, the former chief executive of Latin America's largest construction firm, was on the cusp of turning state's...

  • SAO PAULO, June 22- Several graft and bribes probes into Centrais Elétricas Brasileiras SA could delay asset sale plans at Brazil's state-controlled power holding company, analysts and lawyers said on Wednesday, underscoring mounting caution among potential buyers. The asset sale plan is seen as key to help rebalance the finances of Eletrobras after the...

  • BRASILIA, June 21- Brazil's suspended House speaker, Eduardo Cunha, denied any criminal wrongdoing on Tuesday and said he will not resign, even though he has already been indicted for corruption and faces the risk of imminent arrest. The Supreme Court indefinitely suspended Cunha last month on charges of obstructing a corruption investigation, just weeks...

  • BRASILIA, June 21- Brazil's Lower House on Tuesday voted to end limits on foreign ownership of local airlines, changing a presidential decree, and extending a lifeline to carriers struggling with the impact of a recession and a slumping currency in Latin America's largest economy. Interim President Michel Temer, who has replaced Rousseff while she stands...

  • BRASILIA, June 20- Brazil on Monday offered its state governments 50 billion reais of emergency debt relief over the next three years in an effort to shore up public services amid the worst recession since the 1930 s. Finance Minister Henrique Meirelles announced, after a meeting among state governors and interim President Michel Temer, that states would...

  • SAO PAULO, June 17- Economists are more in agreement than they have been since 2014 about where Brazil's currency is heading after a political crisis unseated President Dilma Rousseff. Nearly all of the roughly 100 economists in Brazil's weekly central bank poll now forecast the exchange rate to end 2016 between 3.36 reais and 3.96 reais to the dollar, the...

  • BRASILIA, June 16- Brazil's tourism minister resigned on Thursday, less than two months before the country hosts the Olympics, as the government of interim President Michel Temer lost its third minister in a month to a sweeping graft probe of state oil company Petrobras. Tourism Minister Henrique Alves was one of two dozen officials named in plea bargain...