Politics Dilma Rousseff

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  • BRASILIA, May 2- Brazil's former central bank chief Henrique Meirelles, a likely finance minister if Vice President Michel Temer becomes president, said on Monday it is necessary to reverse the trajectory of the country's rising public debt. The vote is expected later this month after the lower house of Congress voted overwhelmingly to impeach Rousseff for...

  • BRASILIA, May 2- Brazil's real weakened almost 1.5 percent on Monday, hurt by a drop in global commodities prices and heavy central bank intervention aimed at curbing gains in the currency, which recently hit eight-month highs. Brazil's currency has strengthened partly due to hopes of a more investor-friendly government in Brasilia ahead of the expected...

  • SAO PAULO, April 29- Brazilian planemaker Embraer SA assured investors that its business jet division should return to profitability this year after sharp discounting dented first-quarter profits, dragging shares to their lowest in nearly two years. Embraer reported a first-quarter profit of $104 million in a Friday securities filing, reversing a net loss...

  • LONDON, April 28- Emerging markets have received $25.5 billion in portfolio investments this month, with bonds accounting for the lion's share of the money, although flows were below the 21- month high hit in March, an industry body said on Thursday. The Institute of International Finance, one of the most authoritative trackers of investment flows to and from...

  • BRASILIA, April 28- Brazil's comptroller general said it had barred builder Mendes Junior Engenharia from public tenders for at least two years on Thursday, making it the first engineering company to be penalized for involvement in the Petrobras corruption scheme. Mendes is one of about 30 companies implicated in the bribery and kickback investigation that...

  • BRASILIA, April 27- Brazilian stocks rose nearly 2 percent on Wednesday as growing market optimism about an expected government change boosted shares of banks and state-run companies. Brazil's currency, the real, and other exchange rates across Latin America were little changed though, as investors awaited an upcoming interest rate decision in the United...

  • BRASILIA, April 27- Rebalancing Brazil's overdrawn fiscal accounts and restoring credibility will be the priorities of a Michel Temer government, but raising taxes is not on the cards yet, a senator close to the current vice president said on Wednesday. Temer will replace President Dilma Rousseff if, as expected, the Senate suspends her from office to start her...

  • BRASILIA, April 27- Brazil's central bank is likely to keep interest rates on hold for the sixth straight time on Wednesday, in what could be the current board's last decision ahead of a possible change of government. If Vice President Michel Temer becomes president, the Copom, led by Alexandre Tombini since 2011, would be replaced in a bid to regain investor...

  • BRASILIA, April 27- The Brazilian central bank will likely keep interest rates on hold for the sixth straight time on Wednesday, in what could be the last decision of its current board ahead of a possible change of government in the coming weeks. The Copom, led by Alexandre Tombini since 2011, would be replaced if Vice President Michel Temer takes over the...

  • BRASILIA, April 26- The board of Brazil's central bank would be replaced as part of a drive to overhaul management of the economy and adopt sweeping reforms to regain investor confidence in a possible government of Vice President Michel Temer, three people familiar with the plan told Reuters. With President Dilma Rousseff likely to be suspended by the Senate by...

  • BRASILIA, April 26- Brazilian Vice President Michel Temer will replace the leadership of the central bank and state-run lenders if he takes over the presidency, one of his economic advisers told Reuters. Wellington Moreira Franco, a Temer confidant and architect of his economic plan, said the leadership changes will be done carefully alongside the next...

  • BRASILIA, April 26- Brazilian Vice President Michel Temer said on Tuesday that former central bank chief Henrique Meirelles would be his choice to be finance minister if he were to take over the presidency. In an interview with Brazilian daily O Globo, Temer said he was "impressed" with Meirelles, an orthodox economist widely respected on Wall Street.

  • SAO PAULO, April 25- Latin American stocks fell on Monday at the start of Brazil's corporate earnings season, dragged down by lower commodities prices ahead of central bank meetings in the United States and Japan this week. Brazil's Bovespa stock index slipped nearly 2 percent, underperforming the broader MSCI Latin American stock index, as shares of miner Vale...

  • NEW YORK, April 22- Brazilian President Dilma Rousseff denounced her impeachment as a "coup" to an international audience on Friday, and said she would appeal to the Mercosur bloc of South American nations for Brazil to be suspended if democratic process is broken. Rousseff could be removed from office within weeks by the Senate in an impeachment process that has...

  • SAO PAULO, April 22- Brazil's equities and currency fell on Friday as investors adjusted to a Latin American selloff the previous day, when the country's markets were closed due to a holiday. The miner's Brazil- listed stocks caught up on Friday, dropping 6 percent and weighing on the benchmark Bovespa stock index. Speaking at the United Nations, Rousseff warned...

  • *EM miners, energy credits showing most distress. LONDON, April 22- Defaults among junk-rated emerging market companies are ticking higher, spelling danger for yield-seeking investors who may have been lured back to these assets by this year's price rallies in metals and oil. "You are seeing more distress, and defaults are rising," said Bill Perry, a fund manager at...

  • SAO PAULO, April 21- A judge from Brazil's top electoral authority has instructed police to start collecting evidence of irregularities in President Dilma Rousseff's 2014 re-election campaign, adding to her legal woes since Sunday's impeachment vote. Maria Moura, of the TSE electoral court, said evidence in the case over whether Rousseff and Vice President...

  • CHICAGO, April 20- A burst of frenetic buying sent U.S. corn and soybean futures sharply higher on Wednesday after months of sluggishness, rewarding farmers with prices they thought were unattainable just weeks ago due to massive crop inventories. The buying represents a "fund-money freight train," said Angie Setzer, vice president of grain for Citizens LLC.

  • SAO PAULO, April 20- Brazilian Mines and Energy Minister Eduardo Braga said on Wednesday he is leaving the post to retake his seat in the Senate as the upper chamber of Congress prepares to vote on the impeachment of President Dilma Rousseff next month. Braga, who is from the PMDB major opposition party, said however that he will take a break for medical tests and...

  • The U.S. government's Energy Information Administration said crude stockpiles rose 2.1 million barrels last week, less than the 2.4 million barrel build forecast by analysts polled by Reuters and the 3.1 million barrel rise called by the American Petroleum Institute industry group. Crude prices had slumped earlier on Wednesday following the end of a...