Politics Dilma Rousseff

  • BRASILIA, Aug 31- Brazil's Senate ousted President Dilma Rousseff on Wednesday, ending an impeachment process that polarized Latin America's biggest country amid a massive corruption scandal and brutal economic crisis. But her conservative successor, Michel Temer, the former vice president who has run Brazil since her suspension in May, inherits a bitterly...

  • BRASILIA, Aug 31- President Michel Temer said on Wednesday that fixing Brazil's economy would not be easy, but his priority was to pass a spending cap this year, attract foreign investment, reduce unemployment and begin reform of the pension system. At his first cabinet meeting after being sworn in by Congress, Temer said he would not tolerate divisions within his...

  • BRASILIA, Aug 31- Brazil's central bank is widely expected on Wednesday to hold interest rates at a decade-high, perservering with a policy that has barely dented inflation despite a crippling two-year recession. Although Brazil's borrowing costs are among the highest for a major economy, inflation has remained stuck at around 9 percent as a surge in food...

  • WASHINGTON, Aug 31- The United States is confident that its strong bilateral relations with Brazil will continue, a State Department spokesman said on Wednesday after Brazil's Senate removed President Dilma Rousseff from office.

  • BRASILIA, Aug 31- Brazil's Senate removed President Dilma Rousseff from office on Wednesday for breaking budgetary laws, ending an impeachment process that has polarized the scandal-plagued country and paralyzed its politics for nine months. Conservative Michel Temer, the former vice president who has run Brazil since Rousseff's suspension in May, was to...

  • BRASILIA/ SAO PAULO, Aug 31- A rebound in spending on machinery and equipment by Brazilian companies should lead Latin America's largest economy out of a deep recession in the coming months, providing a much-needed boost for new center-right President Michel Temer. A recent survey of chief financial officers by the local American Chamber of Commerce showed...

  • Rousseff out in Brazil

    As expected, Brazilian President Dilma Rousseff has been removed from office by the Brazilian Senate. CNBC's Seema Mody reports.

  • BRASILIA, Aug 31- Brazil's Senate removed President Dilma Rousseff from office on Wednesday for breaking budgetary laws, ending an impeachment process that has polarized the scandal-plagued country and paralyzed its politics for nine months. Senators voted 61-20 to convict Rousseff for illegally using money from state banks to boost public spending,...

  • Brazil's Rousseff removed from office

    Brazil's President Dilma Rousseff has been removed from office by Senate, CNBC's Michelle Caruso-Cabrera reports.

  • BRASILIA, Aug 31- Brazil's Senate opened the final session in an impeachment trial expected to dismiss President Dilma Rousseff from office on Wednesday and draw the curtain on 13 years of leftist Workers Party rule in Latin America's largest nation. Senate aides said that after senators established the final conditions for the vote, a verdict was expected at...

  • SAO PAULO, Aug 31- The Brazilian real firmed on Wednesday hours before the country's Senate was expected to vote to remove President Dilma Rousseff from office and ratify Vice President Michel Temer as her successor. Many investors blame the interventionist policies pursued by Rousseff's Workers' Party during 13 years in government for dragging Latin...

  • BRASILIA, Aug 31- Brazil's economy shrank for a sixth straight quarter between April and June, but investments grew for the first time since 2013 and fueled hopes of a modest recovery following the likely ousting of President Dilma Rousseff on Wednesday. Brazil's industrial output also hit an inflection point, edging up after shrinking for five consecutive...

  • BRASILIA, Aug 31- Brazil's central bank is widely expected on Wednesday to hold interest rates at near-decade highs for the ninth straight time, continuing a battle against inflation that has barely eased despite a crippling recession. Although Brazil's borrowing costs are among the highest for a major economy, inflation has remained stuck at around 9...

  • BRASILIA, Aug 31- Brazil's Senate is expected to vote on Wednesday to dismiss President Dilma Rousseff, finalizing a nine-month impeachment process and confirming the country's shift to the center-right with the end of 13 years of leftist Workers Party rule. Rousseff's supporters seemed resigned to the likelihood that more than two-thirds of the 81- member...

  • *MSCI EM index dips at the end of 3rd month of gains. LONDON, Aug 31- Emerging market shares and currencies were showing signs of U.S. rate hike nerves on Wednesday, though Brazilian assets held firm- stocks are near their highest in two years- as the country prepared to impeach President Dilma Rousseff. Uncertainty was also hanging over various countries; notably...

  • SAO PAULO, Aug 31- Brazil's Senate was expected to vote on Wednesday to dismiss President Dilma Rousseff, finalizing a nine-month impeachment process and confirming the country's shift to the right with the end of 13 years of leftist Workers Party rule. Rousseff's supporters seemed resigned to the likelihood that more than two-thirds of the 81- seat Senate...

  • BRASILIA, Aug 30- Votes piled up against President Dilma Rousseff at her impeachment trial on Tuesday as opponents made final arguments for her removal, not just for breaking budget rules, but for plunging Brazil into a political and economic crisis. Rousseff, suspended from office in May pending the Senate trial, is charged with spending public funds without...

  • BRASILIA, Aug 30- President Dilma Rousseff's opponents made a final call at her impeachment trial on Tuesday for her removal, not just for breaking budget rules, but for plunging Brazil into a political and economic crisis amid a sweeping corruption scandal. Rousseff, suspended from office in May pending the Senate trial, is charged with spending public funds...

  • BRASILIA, Aug 30- Brazilian President Dilma Rousseff's accusers told her trial in the Senate on Tuesday she should be judged not only on charges of breaking budget rules but also for a sweeping corruption scandal and a deep recession that erupted on her watch. Rousseff, who was suspended from office in May pending the trial, is accused of using money from state...

  • Fischer had said on Friday that Fed Chair Janet Yellen's speech at the global central bankers conference in Jackson Hole, Wyoming, was "consistent" with the possibility of a September hike, catapulting the dollar's value. Stock markets were mixed in thin trading, with activity in Brazilian markets especially subdued as traders monitored the Senate...