Politics Dilma Rousseff

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  • Figures on Thursday showed Brazil lost 1.5 million payroll jobs last year, its worst result in nearly three decades. The number of employed people in Brazil fell 3.7 percent in 2015. This is a transition phase for Brazil, "Barbosa said at a panel in the World Economic Forum in Davos, Switzerland.

  • SAO PAULO/ BRASILIA, Jan 21- Brazil's real currency slipped to near its weakest ever against the U.S. dollar on Thursday as investors worried that erratic policy signals from President Dilma Rousseff may prolong a crippling recession in Latin America' biggest economy. The number of employed people in Brazil fell 3.7 percent in 2015. Rousseff, who faces...

  • BRASILIA, Jan 21- Rising food prices and a weak currency likely kept Brazil's inflation rate steady above 10 percent through the first half of January, near a 2003 high and more than double the central bank's official target, a Reuters poll showed on Thursday. Prices of imported goods also were seen increasing as Brazil's currency, the real, fell to near a record low...

  • SAO PAULO, Jan 21- Brazil's real currency slipped to near its weakest ever against the U.S. dollar on Thursday after the central bank surprised markets by holding interest rates steady, even as inflation is running at more than 10 percent a year. Tombini's note said the bank's decision would take into account a sharp cut in the International Monetary Fund's 2016...

  • BRASILIA, Jan 20- Brazil's central bank kept interest rates on hold on Wednesday as it bet the worst recession in decades would temper double-digit inflation, but the surprise move fuelled concern over political interference in policy. Tombini said policy makers had to take into account the International Monetary Fund's "significant" cuts to Brazil's growth...

  • BRASILIA, Jan 20- Brazil's central bank kept interest rates on hold on Wednesday in a dramatic climb down from hawkish guidance which could damage its credibility after it faced pressure not to harm an economy mired in its worst recession in decades. The decision came after central bank chief Alexandre Tombini on Tuesday unexpectedly backed away from his...

  • SAO PAULO, Jan 20- A federal judge in Brazil authorized President Dilma Rousseff to appear as a witness in an investigation into the use of bribes to influence the passage of legislation, a court spokesman said on Wednesday. Rousseff, who is not under investigation herself, was called by the defense of businessman Eduardo Valadão, along with other politicians,...

  • BUENOS AIRES, Jan 20- Argentine billionaire Eduardo Eurnekian plans to publicly list four units of his Corporacion America holding company this year if his country's government strikes a deal with U.S. creditors suing over unpaid debt, the business magnate said on Wednesday. Yet Argentina expects a wave of portfolio and direct investments if President...

  • BRASILIA, Jan 20- Growing fears about Brazil's deepest recession in decades could prompt the central bank on Wednesday to keep interest rates on hold or opt for a smaller increase than previously signaled, analysts say. Many economists changed their forecasts to a 25- basis-points rate increase from 50 basis points after central bank chief Alexandre Tombini...

  • BRASILIA, Jan 19- Brazil's central bank on Tuesday signaled that a worsening recession could force it to abandon plans to aggressively raise interest rates to battle inflation, which recently hit a 12- year high. In an unusual statement hours before the start of a two-day monetary policy meeting, central bank chief Alexandre Tombini said policymakers will...

  • In an unusual statement, central bank chief Alexandre Tombini said hours before the start of its two-day monetary policy meeting that policymakers will take into consideration "significant" cuts in Brazil's growth outlook in their decision. President Dilma Rousseff's Workers' Party and powerful business and labor groups have called on the bank to keep the...

  • BRASILIA/ SAO PAULO, Jan 19- Brazil's central bank chief, Alexandre Tombini, said on Tuesday policymakers will take into consideration a "significant" cut in the country's growth outlook when deciding on interest rates on Wednesday. The unusual statement from Tombini commenting on the International Monetary Fund's decision to lower Brazil's growth outlook...

  • BRASILIA, Jan 18- President Dilma Rousseff's opponents within her main coalition partner, the fractious Brazilian Democratic Movement Party, are losing hope that they can impeach the leftist leader and replace her with their man, Vice President Michel Temer. A Supreme Court ruling last month that expanded the authority of the Senate, where she has a more solid...

  • SAO PAULO, Jan 18- Latin American currencies were little changed on Monday as oil prices dropped to their lowest level since 2003, offseting a rise in the Chinese yuan. Crude prices tumbled as the lifting of sanctions against Iran boosted expectations of more oil supply on the world market, dragging other commodities lower as well. Demand for high-yielding...

  • Dreams of Brazil's youth fade as student loans cut Sunday, 17 Jan 2016 | 11:32 AM ET

    RIO DE JANEIRO, Jan 17- About 3 million aspiring students in Brazil will find out this month whether they got one of just 230,000 places at a free public university. Sunk in its worst recession in decades and with its budget under strain, Brazil's government has more than halved the number of low-interest loans it offers for poorer students to attend more numerous...

  • *Free cash could slip 40 pct to $15 bln by mid 2017- CFO. RIO DE JANEIRO Jan 15- Brazil's Petroleo Brasileiro SA is confident it can sell $15 billion in assets by year-end to pay off debt and limit further cuts to its investments as oil prices tumble to 12- year lows, executives from the state-led oil company said on Friday. While the financial challenges facing the...

  • *Value of Brazil's M&A deals slumped 30 pct last year. SAO PAULO, Jan 15- Banco Bradesco BBI SA, which ended last year as the top-ranked advisor for mergers and acquisitions in Brazil for the first time in nearly two decades, expects a worsening recession and weakening currency to fuel takeover activity in coming months. The investment banking unit of Banco...

  • low@ SAO PAULO, Jan 15- Latin American currencies sold off on Friday as weakness in Chinese shares and a tumble in oil prices reignited global risk aversion, driving the Mexican peso to a new historic low. A round of tepid Chinese credit data triggered a slump in the country's bourses, with the Shanghai index closing at its lowest since December 2014.

  • BRASILIA, Jan 15- Economic activity in Brazil slowed in November for the ninth straight month as the country sank into one of the world's deepest recessions for the year, but the drop was smaller than expected due to a surprise increase in retail sales. Economic activity plunged 6.14 percent from November 2014, highlighting the intensity of a recession that has...

  • BRASILIA, Jan 15- Brazilian engineering firm Odebrecht SA is seeking a partner for its water and sewage business Odebrecht Ambiental and does not rule out selling a stake in its transportation arm too, newspaper Valor Economico reported on Friday. Facing a slowing economy, tightened credit conditions at home and accusations from prosecutors investigating...