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Politics Dilma Rousseff

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  • PANAMA CITY, April 12- Cuba and the United States just made history. At a time of multiple risks to his foreign policy record- from Iran's nuclear program and the war in Syria to Russian involvement in Ukraine and the violence of Islamic State- getting on well with Cuba looks relatively easy. "I think there is a strong majority both in the United States and in Cuba that...

  • GOIANIA, Brazil April 10- The Brazilian economy will likely shrink this year, but the South American country could return to growth in 2016 if it succeeds in boosting investor confidence with its austerity drive, the International Monetary Fund said on Friday. The IMF lowered its 2015 forecast for Brazil's economic performance to a 1 percent contraction from...

  • GOIANIA, Brazil, April 10- Brazilian Finance Minister Joaquim Levy on Friday failed to convince all of the country's states to unify an inter-state tax that he said is crucial to reduce legal uncertainties and bolster investment. Speaking after a meeting with the heads of finance of Brazil's 27 states in the central city of Goiania, Levy said all but four states...

  • By embracing power-sharing deals and budget cuts that she shunned during her first term in office, President Dilma Rousseff has begun to ease the economic and political crisis plaguing Brazil, congressional leaders and economists say. Rousseff's decision this week to hand formal responsibility for negotiating with Congress to Vice President Michel...

  • GE sees Latin American growth despite turbulence Thursday, 9 Apr 2015 | 8:18 PM ET

    PANAMA CITY, April 9- General Electric Co projects revenue growth in the high single digits for Latin American in 2015 despite difficulties in major markets such as Brazil and Venezuela, the company's chief executive for the region said on Thursday. "We probably will grow single digits this year in Brazil, which is a good performance considering this is probably...

  • BRASILIA, April 9- State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday. The indictment of former senior executives of Petroleo Brasileiro SA and the investigation of dozens of political allies of...

  • Brazil rating outlook cut by Fitch on rising debt Thursday, 9 Apr 2015 | 11:53 AM ET
    Rio's iconic Maracana Stadium lit at dusk behind a shanytown.

    Fitch Ratings lowered its outlook for Brazil's long-term foreign and local currency issuer default ratings to "negative" from "stable."

  • Temer chairs the PMDB party, which controls both houses of Brazil's Congress. After the letter was distributed to journalists in Congress, Brazil's currency, the real, firmed to a one-month high of 3.05 per dollar. The endorsement of Rousseff's fiscal austerity push follows months of successive defeats in Congress since her re-election in October.

  • BRASILIA/ RIO DE JANEIRO, April 8- Brazilian lender Caixa Econômica Federal plans to list its insurance unit this year on the São Paulo Stock Exchange, Finance Minister Joaquim Levy said on Wednesday, in a bet that growing demand for insurance products will attract investors. Levy did not give an estimate of how much the unit, majority-owned by France's CNP...

  • Shell gambles on rocky Brazil, Petrobras with BG bid Wednesday, 8 Apr 2015 | 9:49 AM ET
    A Petrobas platform at the Brasfels shipyard in Angra dos Reis, about 115 miles west of Rio de Janeiro.

    Shell’s $69 billion bid for BG Group could increase its exposure to Brazil at a time when the country appears to be destabilizing and stagnating.

  • First-quarter deal-making activity was more robust in Mexico than anywhere else in Latin America for only the second time in a decade. Thomson Reuters data shows the value of announced mergers and acquisitions in Mexico reached $8.64 billion, above Brazil's $8.51 billion. Illustrating how the tables have turned, $13.93 billion worth of M&A deals were...

  • BRASILIA, March 31- Brazil is prepared to raise taxes, Finance Minister Joaquim Levy said on Tuesday, to shore up investor confidence and preserve its investment grade credit rating as the country's economy moves closer to recession. Brazil hiked import, fuel and financial taxes in January to raise 20.6 billion reais this year and balance accounts.

  • BRASILIA, March 31- Brazil is ready to raise taxes further, Finance Minister Joaquim Levy said on Tuesday, warning that the country's investment grade remains at risk as the government's fiscal results underperformed expectations. Brazil posted a primary budget deficit of 2.3 billion reais in February, central bank data showed, against analysts' forecasts in...

  • BRASILIA, March 30- Brazil's Finance Minister Joaquim Levy told journalists on Monday he is increasingly confident there will be a solution for state debt woes after meeting with Senate President Renan Calheiros. The Senate may vote on Tuesday on a bill that would give 30 days for the federal government to change the way the debts of states and cities are...

  • March 30- Brazilian President Dilma Rousseff said on Monday that comments recently made by Finance Minister Joaquim Levy about the effectiveness of her policies were "misunderstood." In a closed-door event last Tuesday, Levy told former students of the University of Chicago that Rousseff does not always act in "the most effective way. "His remarks were made...

  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • UK, Switzerland accepted by China-led investment bank Saturday, 28 Mar 2015 | 1:52 AM ET

    China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank.

  • SHANGHAI/ RIO DE JANEIRO, March 28- China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank, a day after Brazil accepted China's invitation to join the AIIB. China's AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a...

  • RIO DE JANEIRO, March 27- Brazil said on Friday it had accepted China's invitation to join its Asian Infrastructure Investment Bank as a founding member. The AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a significant step for China's global influence. China's Finance Ministry said that Austria had also applied to join, and has...