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Politics Dilma Rousseff

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  • BRASILIA, June 27- Brazilian Finance Minister Joaquim Levy left a Brasilia hospital early on Saturday, saying he was fine, following a newspaper report that he had suffered a pulmonary embolism. Levy was due to accompany President Dilma Rousseff over the weekend on an official visit to the United States that begins in New York, before moving to Washington and...

  • BRASILIA, June 26- Brazilian Finance Minister Joaquim Levy has been hospitalized in Brasilia with a pulmonary embolism, the O Globo newspaper reported on Friday, citing hospital sources. A Finance Ministry spokesman was not immediately available for comment and other official sources in Brasilia did not have information about the hospitalization.

  • CURITIBA, Brazil, June 26- In a nation where the elite have enjoyed relative impunity, a new generation of police and prosecutors in Brazil are bent on using the country's largest-ever corruption investigation to send the message that no one is above the law. And they gave the moniker Operation' Erga Omnes,' Latin for' For everyone' to a raid that jailed one of the...

  • BRASILIA, June 25- Brazil's central government recorded its widest monthly primary budget deficit in 8 months in May, nearly wiping out the surplus of the previous month as tax revenues plummet. Despite a flurry of tax hikes and spending cuts President Dilma Rousseff is struggling to save enough money to meet its 2015 fiscal goal, which is considered key to...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit claiming a multibillion-dollar bribery scandal overvalued it for years. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper said the company itself was a victim of the...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit over its multibillion-dollar bribery scandal. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper blamed the fraud on a handful of individuals and said the company could...

  • RIO DE JANEIRO, June 25- Brazil's unemployment rate climbed for a fifth straight month and wages fell in May, government data showed on Thursday, adding to signs of a painful recession. Brazil's non-seasonally adjusted jobless rate rose in May to 6.7 percent, the highest since 2010, from 6.4 percent in April, statistics agency IBGE said. They sank 5.0 percent from...

  • When she visits New York on Monday, President Dilma Rousseff will have a tough time convincing Wall Street her weakened government can pull Brazil out of a stall and save the once-booming nation's investment-grade credit rating. While many U.S. companies are still betting on Brazil's long-term growth prospects given the huge potential for the nation of 200...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • BUENOS AIRES, June 22- Two septuagenarians who have lived through countless ups and downs in Argentina's rollercoaster economy may have different views on the government's latest schemes to spur consumption, but they both think it's time to go shopping. He says Cristina Fernandez is the first Argentine president he's seen "really tackling the problems in the...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, local media said, pulling the most high-profile executive into the corruption investigation at state-run oil firm Petrobras. Odebrecht, which has 200,000 workers and a presence in 21 countries,...

  • BRASILIA, June 19- Economic activity in Brazil fell sharply in April from March, worse than already negative market estimates and showing still more evidence the once-booming economy is heading toward a recession. High inflation and dwindling confidence have dragged down consumption, until recently the main engine of growth in Latin America's largest...

  • BRASILIA, June 17- Brazil's highest fiscal accounting court on Wednesday said it found evidence of flawed government accounts last year, and gave President Dilma Rousseff 30 days to explain them before the court makes a final ruling. The unusual decision by the court, known as the TCU, comes at a time when political pressure is building for Rousseff to reverse...

  • BRASILIA, June 16- Brazilian President Dilma Rousseff will veto a hike in pension benefits she believes jeopardizes the long-term sustainability of one of the world's most generous welfare systems, two officials familiar with the decision told Reuters on Tuesday. The changes, which were approved by Congress, would cost the government an extra 3.2 trillion...

  • RIO DE JANEIRO, June 16- Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry. However, executives at Petroleo Brasileiro SA, as Petrobras is formally known, have run into internal and...

  • RIO DE JANEIRO, June 15- Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry. However, executives at Petroleo Brasileiro SA, as Petrobras is formally known, have run into internal and...

  • Brazil partnered with Ukraine over the past decade to develop a launch vehicle at the Alcantara base on its northern Atlantic coast. But Brazil ended the program in February, saying that Ukraine's financial problems left it unable to provide rockets as promised. But the tenor of the visit, which marks a rapprochement between Brazil and the United States after...