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Politics Dilma Rousseff

  • expecting more calm waters after rousseff's impeachment

    Mario Garnero, chairman and founder of Brasilinvest, discusses the fight against corruption in Latin America.

  • BRASILIA, March 2- President Michel Temer's government expects a federal judge to recommend his removal for illegal campaign funding but believes it can stall a final decision by Brazil's top electoral court until after he leaves office next year, aides said. If Temer can delay the process it could allow him to press ahead with fiscal reforms and austerity...

  • SAO PAULO, Feb 24- Vale SA has stepped up the search for a new chief executive officer as Murilo Ferreira announced his departure, signaling efforts by some top shareholders to shield the world's No. 1 iron producer from political interference, three people with direct knowledge of the situation said on Friday. Potential candidates include Chief Financial...

  • BRASILIA, Feb 24- Brazil's economy probably contracted for an eighth straight quarter at the end of 2016, offering further proof that Latin America's largest economy has been in its worst recession ever, a Reuters poll showed on Friday. Brazil's GDP contracted 0.8 percent in the third quarter. Brazil's economy is expected to have contracted 3.5 percent in...

  • SAO PAULO/ RIO DE JANEIRO, Feb 20- Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer. Controlling shareholders grouped under holding company Valepar SA agreed to stay together for up to 3-1/...

  • SAO PAULO/ RIO DE JANEIRO, Feb 20- Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer. Controlling shareholders grouped under holding company Valepar SA agreed to stay together for up to...

  • SAO PAULO, Feb 20- Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer. In a Monday statement, Vale said controlling shareholders grouped under holding company Valepar SA agreed to renew an...

  • SAO PAULO, Feb 15- Regardless of whether Banco do Brasil SA misses quarterly profit estimates on Thursday, Chief Executive Officer Paulo Caffarelli has won the trust of investors betting he will be able to restore the earnings power of Brazil's No. 1 bank by assets. Shares in Banco do Brasil have risen 93 percent since the federal government put Caffarelli in...

  • SAO PAULO, Feb 8- The Brazilian government will send a bill to Congress proposing a fine on homebuyers who cancel the purchase of a property be limited to 10 percent of the value of the house, a source with direct knowledge of the matter said on Wednesday. According to the source, the National Monetary Council, which regulates the financial system, will discuss an...

  • BRASILIA, Feb 7- The leaders of Brazil and Argentina said on Tuesday they would pursue closer ties with Mexico and other Latin American nations alarmed by U.S. In a state visit to Brasilia, Argentina President Mauricio Macri said that South American regional trade bloc Mercosur would focus on strengthening its relationship with Mexico, Latin America's...

  • BRASILIA, Feb 7- The leaders of Brazil and Argentina vowed on Tuesday to pursue closer trade ties with Mexico and other Latin American nations threatened by U.S. Trump has abandoned the Trans-Pacific Partnership deal that aimed to bolster trade between 12 Pacific Rim nations, including Mexico, Chile and Peru, and threatened to tear up the North American Free...

  • BRASILIA, Feb 3- President Michel Temer promoted his point man for infrastructure investment to a ministry position on Friday and added a politician from an allied party to his cabinet to help push austerity measures through Congress. In coming months, Moreira Franco will open concessions for the building and operation of roads, railways, ports and airports in...

  • NEW YORK, Feb 3- After seeing big payoffs in Brazil and Argentina following market-friendly leadership changes, some fixed-income investors are betting on a similar bonanza in Ecuador where a presidential election takes place this month. "Ecuador has the potential to be a breakout story depending on how the elections go," said Arif Joshi, emerging markets debt...

  • SAO PAULO, Feb 2- Brazil's government is expected to dedicate 500 million reais of a national workers' severance fund to finance purchases of more expensive homes, a move designed to help homebuilders lower inventory, the head of an industry group said on Thursday. Under the plan, the government will raise the price threshold of homes eligible for FGTS financing...

  • BRASILIA, Feb 2- The Supreme Court picked its newest member on Thursday to take over the investigations of politicians implicated in Brazil's biggest-ever graft scandal, expected to shake the country's establishment and government because of important new testimony. Court officials said Justice Edson Fachin was chosen by random electronic selection...

  • BRASILIA, Feb 2- The Supreme Court picked its newest member on Thursday to take over the investigations of politicians implicated in Brazil's biggest-ever graft scandal, expected to shake the country's establishment and government because of important new testimony. Court officials said Justice Edson Fachin was chosen by random electronic selection...

  • BRASILIA, Feb 2- The Supreme Court picked its newest member on Thursday to take over the investigations of politicians implicated in Brazil's biggest graft scandal, which is expected to shake the country's establishment and government. Court officials said Justice Edson Fachin was chosen by random electronic selection from among a group of five of the...

  • BRASILIA, Jan 31- Brazil plans to overhaul its bankruptcy law to help troubled companies survive a two-year recession that has led a record number of them to suspend debt payments, a senior member of the government's economic team said on Tuesday. President Michel Temer also plans to announce new measures next week to increase productivity and bolster the...

  • RIO DE JANEIRO, Jan 30- Eike Batista, once the richest and most outspoken cheerleader for Brazil's ill-fated commodities bubble, flew back to Rio de Janeiro Monday and was arrested at the airport by federal police over corruption allegations after four days as a fugitive. Batista, a brash entrepreneur whose meteoric rise and fall made him the poster boy of a...

  • RIO DE JANEIRO, Jan 30- Eike Batista, once Brazil's richest man and most flamboyant national booster, was detained by federal police on Monday on allegations of bribing a former governor, putting an end to his brief stint as an international fugitive. Batista, a brash entrepreneur whose meteoric rise and fall made him the poster boy of Brazil's decade-long boom...