Politics Dilma Rousseff

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  • LONDON, Dec 3- Emerging market stocks extended losses on Thursday after the Federal Reserve chief reinforced the case for an interest rate hike while Brazilian assets abroad gained as lawmakers started impeachment proceedings against President Dilma Rousseff. MSCI's broadest emerging market index slipped 0.4 percent in its second straight day in the red...

  • BRASILIA, Dec 2- The speaker of Brazil's lower house of Congress, Eduardo Cunha, said on Wednesday he had accepted the opposition's motion to open impeachment proceedings against President Dilma Rousseff. They accuse the unpopular president of violating Brazil's fiscal laws and manipulating government finances to benefit her reelection last year.

  • SAO PAULO, Dec 2- Founding partners in Grupo BTG Pactual SA took control of the Brazilian investment bank from jailed financier André Esteves on Wednesday in an attempt to distance the firm from the most sweeping corruption investigation in the country's history. A day after its credit rating was downgraded to junk, BTG Pactual said Esteves, until now the...

  • BUENOS AIRES, Dec 2- Venezuelan President Nicolas Maduro must be encouraged to ensure Sunday's parliamentary election is democratic, Argentina's Foreign Minister-designate Susana Malcorra said on Wednesday. His advisers call the bilateral relationship with Brazil, Argentina's main trade partner, a top foreign policy priority. Malcorra said...

  • The Brazilian real strengthened 0.5 percent despite data showing Brazil's economy contracted for the third quarter in a row, deepening the country's worst recession in 25 years. Brazil's benchmark Bovespa stock index retreated 0.1 percent before a key vote in Congress to lower the government's fiscal target for this year. Commercial real estate firm BR...

  • BRASILIA/ SAO PAULO, Dec 1- Brazil's economy shrank 1.7 percent in the third quarter, deepening its worst recession in 25 years and starving President Dilma Rousseff's government of taxes as she struggles with a growing fiscal deficit and a vast corruption scandal. On an annual basis, Brazil's gross domestic product dropped 4.5 percent in the third quarter, the...

  • BRASILIA, Nov 30- Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the...

  • BRASILIA, Nov 30- Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the...

  • The lawyer, Edson Ribeiro, was in the United States when Brazilian police jailed Senator Delcidio do Amaral and the chief executive officer of Brazil's biggest independent investment bank on suspicion of obstructing the corruption investigation into state-run oil firm Petrobras. The unprecedented arrests of Amaral, President Dilma Rousseff's point man...

  • BELO HORIZONTE/ BRASILIA, Nov 27- With leaking windows, moldy walls and piles of paper where you might expect computers, the office of Brazil's National Department of Mineral Production speaks volumes about the regulation of the country's mining industry. Understaffed and underfunded because of long-delayed changes to Brazil's mining laws, the agency is now...

  • Brazil judge denies release of BTG Pactual CEO Esteves Thursday, 26 Nov 2015 | 5:35 PM ET

    BRASILIA, Nov 26- A Brazilian judge on Thursday denied a request for the release of Grupo BTG Pactual SA top executive, Andre Esteves, who was arrested a day earlier for allegedly obstructing a massive corruption probe at state-run oil company Petrobras. Supreme Court justice Teori Zavascki also ordered that Esteves, who is the founder of Latin America's...

  • BRASILIA, Nov 26- Brazil's central government recorded its biggest primary budget deficit recorded for the month of October as a deepening recession drags down federal revenues, Treasury data showed on Thursday. President Dilma Rousseff is struggling to shore up the government accounts as a rebellious Congress drags its feet to approve unpopular...

  • BRASILIA, Nov 26- President Dilma Rousseff's austerity program to fix Brazil's shaky finances is again in trouble after her point man in the Senate was arrested in a widening corruption scandal, and it could reignite calls for her impeachment. "Unfortunately the political crisis deepens further and complicates our agenda in Congress." Delcidio do Amaral is the...

  • BRASILIA, Nov 25- Brazil's central bank kept interest rates on hold for the third straight meeting on Wednesday in a split vote that signals policymakers are uneasy with galloping inflation despite a worsening recession. The bank's monetary policy committee, known as Copom, voted 6-2 to maintain its benchmark interest rate at 14.25 percent, its highest in nine...

  • BRASILIA, Nov 25- Brazil's central bank will likely keep interest rates on hold for the third straight meeting on Wednesday to avoid worsening a crippling recession even after inflation entered double digits. The bank's monetary policy committee, known as Copom, is widely expected to maintain its benchmark interest rate at 14.25 percent, its highest in nine...

  • SAO PAULO/ BRASILIA, Nov 25- The chief executive of Brazil's biggest independent investment bank and the leading senator in the governing coalition were arrested on Wednesday on suspicion of obstructing the country's most sweeping corruption investigation ever. The arrest of André Esteves, the billionaire CEO and controlling shareholder of BTG Pactual...

  • *Supreme Court orders arrests for obstructing investigation. SAO PAULO/ BRASILIA, Nov 25- Brazilian police arrested the ruling party's leader in the Senate and the chief executive of Latin America's biggest investment bank on Wednesday on suspicion of obstructing an investigation into corruption at state-run oil company Petrobras. Amaral is chairman of...

  • BRASILIA, Nov 25- Brazil's central bank will likely keep interest rates on hold for the third straight meeting on Wednesday, in a move to avoid worsening a crippling recession even when inflation hits double digits. The bank's monetary policy committee, known as Copom, is widely expected to maintain its benchmark Selic rate at 14.25 percent, its highest in nine...

  • BRASILIA, Nov 24- The Brazilian Senate on Tuesday approved a presidential decree that helps hydroelectric producers hit by record droughts, in a move that could raise investors' appetite for power plants up for auction on Wednesday. President Dilma Rousseff is counting on that money to improve public finances severely compromised after years of heavy...

  • SAO PAULO, Nov 24- The arrest of a powerful rancher and friend of former president Luíz Inácio Lula da Silva on Tuesday brought Brazil's largest-ever corruption investigation to the country's farm sector, one of the few bright spots in its stalling economy. The arrest warrant issued by Judge Sergio Moro cited evidence that Bumlai had used his connections to...