Politics Dilma Rousseff

  • BRASILIA, Aug 4- A Senate impeachment committee voted on Thursday to put suspended Brazilian President Dilma Rousseff on trial in the full chamber for breaking budget laws, opening the way for her to be removed from office. Along with a string of corruption scandals, it has already set off Brazil's worst political crisis in decades as the country prepares to host...

  • Protesters hold banners against Rio 2016 Olympic games to demand more education or health care during a demonstration against the Olympic torch relay in Niteroi, on August 2, 2016.

    Rio is unlikely to receive a good return on its investment to host the Olympics, with some economists warning of a "catastrophe."

  • Brasilian soldiers stand guard near the Riocentro complex in Rio de Janeiro, on August 3, 2016, ahead of the Rio 2016 Olympic Games.

    Thousands will be in Rio de Janeiro for the Olympics, but the country's state of affairs is anything but festive.

  • Secretary of State John Kerry on Thursday urged Argentina to be patient with the slow pace of economic progress under its new government, and urged Venezuela to allow a vote this year on whether to recall President Nicolas Maduro. In his first trip to Argentina as America's chief diplomat, Kerry praised President Mauricio Macri, a free-markets proponent who...

  • BRASILIA, Aug 4- A Senate impeachment committee voted on Thursday to put suspended Brazilian President Dilma Rousseff on trial in the full chamber for breaking budget laws, opening the way for her to be removed from office. Along with a string of corruption scandals, it has already set off Brazil's worst political crisis in decades as the country prepares to host...

  • BRASILIA, Aug 4- A Senate impeachment committee voted on Thursday to put suspended Brazilian President Dilma Rousseff on trial in the full chamber for breaking budget laws, opening the way for her to be removed from office. The 21- member committee voted 14-5 to try Rousseff for allegedly manipulating government accounts to allow more public spending in the...

  • BRASILIA, Aug 4- A Senate impeachment committee voted on Thursday to put suspended Brazilian President Dilma Rousseff on trial in the full chamber for breaking budget laws, opening the way for her to be removed from office. The 21- member committee voted 14-5 to try Rousseff for allegedly manipulating government accounts to allow more public spending in the...

  • BUENOS AIRES, Aug 4- U.S. Secretary of State John Kerry on Thursday urged Argentina to be patient with the pace of economic progress under President Mauricio Macri, who took office late last year promising an influx of investment that has yet to materialize. "But I am 100 percent confident, as is President Obama, that Argentina is on the right course.

  • Brazil Economy

    Brazil will come out of the Olympics worse than when the country went into the games, says Inter-American Dialogue's senior fellow, Peter Hakim.

  • BRASILIA, Aug 3- A constitutional amendment proposed by interim President Michel Temer to put a ceiling on Brazil's public spending will pass the lower house this year but not the Senate until 2017, lower chamber Speaker Rodrigo Maia said on Wednesday. The proposed cap is the cornerstone of Temer's strategy to plug a bulging deficit inherited from the Workers...

  • BUENOS AIRES, Aug 3- Most Latin American currencies are set to stabilize further because of growing optimism on policy fine-tuning, although the Mexican peso is increasingly prone to agitation over the U.S. election in November, a Reuters poll showed on Wednesday. This remarkable tightening of the gap between the strategists' projection and the current rate of...

  • Things are looking up for the Brazilian economy - but it won't be due to the Olympic games, according to a UBS report.

  • SAO PAULO, July 29- Brazil's former President Luiz Inacio Lula da Silva and the former chief executive of investment bank Grupo BTG Pactual SA will stand trial for obstruction of justice, documents from a federal court in Brasilia showed on Friday. The case dates to last November, when former Senator Delcidio do Amaral and Andre Esteves, the founder and former CEO...

  • SAO PAULO, July 29- Brazil's ex President Luiz Inacio Lula da Silva and the former chief executive of investment bank Grupo BTG Pactual SA will stand trial for obstruction of justice, documents from a federal court in Brasilia showed on Friday. The case dates to last November, when former Senator Delcidio do Amaral and Andre Esteves, the founder and former CEO of...

  • BRASILIA, July 29- Interim President Michel Temer believes the end of the impeachment trial of suspended President Dilma Rousseff, expected next month, will greatly boost investment and confidence in Brazil and help restore its creditworthiness. Temer told foreign reporters on Friday he expects the Senate to wrap up the trial of Rousseff by Aug. 25 or 26, and...

  • BRASILIA, July 29- Interim President Michel Temer said on Friday that the end of the impeachment trial of suspended President Dilma Rousseff, expected next month, will boost investment in Brazil as his administration strives to restore the country's credit standing. Temer told foreign reporters he expects the Senate to wrap up the trial of Rousseff by August...

  • SAO PAULO, July 21- The imminent lifting of Brazil's limits on foreign land ownership is expected to unleash investments, principally by large funds in search of long-term returns, and reignite a slice of the stagnant real estate market. The government of President Luiz Inacio Lula da Silva shocked investors in 2010 when he put the breaks on foreigners' purchase...

  • Mario Draghi, president of the European Central Bank

    Investors should forget about European stocks and look to emerging markets instead, says Peter Boockvar of The Lindsey Group.

  • BRASILIA, July 20- Brazil's central bank kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as a new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms. In a longer and more detailed decision statement than in the past, the central bank said its...

  • BRASILIA, July 20- Brazil's government may not need a further freeze spending to meet fiscal goals because revenues are expected to recover in the second half of the year as the recession-hit economy stabilizes, government officials said on Wednesday. Interim President Michel Temer's chief of staff, Eliseu Padilha, told reporters later on Wednesday that the...