×

Politics Dilma Rousseff

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation amid a corruption scandal, will not step down even if he is formally indicted by the Supreme Court, he said in an interview in Folha de S. Paulo, Brazil's largest newspaper, on Monday. The scandal has threatened to tear apart Temer's coalition in Congress and leave Latin...

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation amid a corruption scandal, will not step down even if he is formally indicted by the Supreme Court, he said in an interview in the Folha de S. Paulo newspaper on Monday. The Supreme Court has opened an investigation into the revelations that were part of plea bargain...

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation amid a corruption scandal, will not step down even if he is formally indicted by the Supreme Court, he said in an interview in the Folha de S. Paulo newspaper on Monday. Oust me if you want, but if I stepped down, I would be admitting guilt, "said Temer, who has said the recording of...

  • Brazil's thriving fintech sector has managed to defy the country's political and economic turmoil.

  • SAO PAULO/ BRASILIA, May 19- Brazil's top court released plea-bargain testimony on Friday accusing President Michel Temer and his two predecessors of receiving millions of dollars in bribes, the most damaging development yet in a historic political corruption probe. The scandals that have engulfed Brazil's political class and many business elites reduce...

  • SAO PAULO/ BRASILIA, May 19- Brazil's top court released plea-bargain testimony on Friday accusing President Michel Temer and his two predecessors of receiving millions of dollars in bribes, the most damaging development yet in a historic politicial corruption probe. The scandals that have engulfed Brazil's political class and many business elites reduce...

  • SAO PAULO/ WASHINGTON, May 19- The brothers whose deft dealmaking helped build JBS SA into the world's No. 1 meat processor are testing that talent like never before as they seek a leniency deal with prosecutors after admitting to paying millions of dollars in bribes to Brazilian politicians. The 44- year old led the company's rapid expansion through U.S....

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after Brazil's financial markets were slammed by a corruption scandal threatening to topple President Michel Temer and his reform agenda. Manager Henrique Bredda said around half of the losses in the fund, formally known as Alaska Black FIC FIA-...

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after the country's financial markets were slammed by a graft scandal threatening to topple President Michel Temer and his reform agenda. Brazilian markets took a beating on Thursday on reports Temer had been caught on tape condoning bribes to...

  • SAO PAULO, May 19- Brazil's securities watchdog CVM has launched an investigation into JBS SA, the meatpacking company involved in a corruption probe that implicated Brazil's president and rattled its financial markets this week, according to the CVM website. Reuters reported on Thursday that controlling shareholders sold 329 million reais worth of shares...

  • SAO PAULO/ BRASILIA, May 19- Brazil's Supreme Court released explosive plea-bargain testimony on Friday accusing President Michel Temer, along with former presidents Luiz Inacio Lula da Silva and Dilma Rousseff, of receiving millions in bribes. The testimony raises serious doubts about whether Temer, who replaced the impeached Rousseff last year, can...

  • Cross-asset fund Adam Macro II FIC FIM, which held a total of 2.9 billion reais in assets under management at market close on Wednesday, unwound all of its positions in Brazil, swallowing a 6 percent loss on Thursday. Verde Asset Management SA, Brazil's largest hedge fund, saw its holdings shrink by just 3 percent on Thursday, according to preliminary performance...

  • SAO PAULO/ NEW YORK, May 18- Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda. Blue-chip stocks such as lender Itaú Unibanco Holding SA and state-controlled oil company Petróleo...

  • BRASILIA, May 18- Brazilian President Michel Temer resisted calls to resign on Thursday after allegations that he condoned the bribery of a potential witness in the massive "Car Wash" graft investigation, news that sent markets tumbling and raised doubts that Congress would pass his austerity measures. "We need to see what the Supreme Court says and whether it...

  • BRASILIA, May 18- Brazil's top prosecutor on Thursday requested the Supreme Court's permission to arrest Senator Aecio Neves, a key government ally and 2018 presidential hopeful, a source familiar with decision told Reuters, after reports that he was recorded asking a powerful businessman for money. Brazilian police early on Thursday searched the homes of...

  • BRASILIA, May 17- Brazil's government has agreed to reduce farmers' unpaid tax bills and lower an agricultural tax, an official close to the negotiations said on Wednesday, in a nod to the politically powerful farm lobby. The help comes a day after President Michel Temer slashed debts that states and municipalities owe in pension contributions, in an effort to win...

  • May 3- Fallout from a series of corruption probes involving Brazilian construction firm Odebrecht S.A. is slowing down infrastructure development and creating negative spillovers across Latin America, Moody's Investor Service said on Wednesday in a report. Odebrecht is at the heart of Brazil's bribery and kickback probe, known as Lava Jato or Car Wash, which...

  • SAO PAULO/ BRASILIA, April 28- Brazilian protesters torched buses, clashed with police in several cities and marched on President Michel Temer's Sao Paulo residence on Friday amid the nation's first general strike in more than two decades. "It is important for us to send a message to the government that the country is watching what they are doing, taking away...

  • SAO PAULO/ BRASILIA, April 28- Nationwide strikes led by Brazilian unions to protest President Michel Temer's austerity measures hobbled public transport in several major cities and closed schools, car factories, banks and other businesses across the country. But the government argues economic reforms are needed to pull Brazil out of its worst recession on...

  • BRASILIA, April 26- Brazil could decide to join the Organisation for Economic Co-operation and Development as soon as next month, officials told Reuters, as President Michel Temer seeks its seal of approval for reforms to Latin America's largest economy. If approved by the OECD Council, Brazil would become the biggest emerging market member of the group and the...