Politics Dilma Rousseff

  • BRASILIA, June 28- Brazil's government aims to pass an overhaul of the costly public pension system in 2016 despite a delay in drafting a proposal and municipal elections looming in October, Presidential Chief of Staff Eliseu Padilha said on Tuesday. Brazil's generous pension system makes up around 40 percent of public expenditures and a constitutional...

  • BRASILIA, June 27- A pension reform in Brazil is unlikely to be approved before next year as lawmakers are reluctant to endorse the unpopular legislation before municipal elections in October, three government sources familiar with the matter told Reuters. However, three senior government officials, who asked not to be identified because of the sensitivity...

  • SAO PAULO, June 27- The Brazilian government has no immediate plans to raise the so-called Cide tax on gasoline despite a request from the sugar and ethanol sector to do so, a senior official at the Mining and Energy Ministry said on Monday. Fernando Coelho Filho, the energy minister, took the job shortly after interim President Michel Temer started his...

  • CURITIBA, Brazil, June 23- For weeks, his possible earth-shattering testimony in Brazil's biggest corruption scandal has been the talk of the nation, filling endless pages in newspapers and magazines. Breathless reports stated that Marcelo Odebrecht, the former chief executive of Latin America's largest construction firm, was on the cusp of turning state's...

  • CURITIBA, Brazil, June 23- For weeks, his possible earth-shattering testimony in Brazil's biggest corruption scandal has been the talk of the nation, filling endless pages in newspapers and magazines. Breathless reports stated that Marcelo Odebrecht, the former chief executive of Latin America's largest construction firm, was on the cusp of turning state's...

  • SAO PAULO, June 22- Several graft and bribes probes into Centrais Elétricas Brasileiras SA could delay asset sale plans at Brazil's state-controlled power holding company, analysts and lawyers said on Wednesday, underscoring mounting caution among potential buyers. The asset sale plan is seen as key to help rebalance the finances of Eletrobras after the...

  • BRASILIA, June 21- Brazil's suspended House speaker, Eduardo Cunha, denied any criminal wrongdoing on Tuesday and said he will not resign, even though he has already been indicted for corruption and faces the risk of imminent arrest. The Supreme Court indefinitely suspended Cunha last month on charges of obstructing a corruption investigation, just weeks...

  • BRASILIA, June 21- Brazil's Lower House on Tuesday voted to end limits on foreign ownership of local airlines, changing a presidential decree, and extending a lifeline to carriers struggling with the impact of a recession and a slumping currency in Latin America's largest economy. Interim President Michel Temer, who has replaced Rousseff while she stands...

  • BRASILIA, June 20- Brazil on Monday offered its state governments 50 billion reais of emergency debt relief over the next three years in an effort to shore up public services amid the worst recession since the 1930 s. Finance Minister Henrique Meirelles announced, after a meeting among state governors and interim President Michel Temer, that states would...

  • SAO PAULO, June 17- Economists are more in agreement than they have been since 2014 about where Brazil's currency is heading after a political crisis unseated President Dilma Rousseff. Nearly all of the roughly 100 economists in Brazil's weekly central bank poll now forecast the exchange rate to end 2016 between 3.36 reais and 3.96 reais to the dollar, the...

  • BRASILIA, June 16- Brazil's tourism minister resigned on Thursday, less than two months before the country hosts the Olympics, as the government of interim President Michel Temer lost its third minister in a month to a sweeping graft probe of state oil company Petrobras. Tourism Minister Henrique Alves was one of two dozen officials named in plea bargain...

  • SAO PAULO, June 16- Credit Suisse Group AG said an internal investigation found no evidence that a former employee, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal. Firmeza Machado's father Sérgio, a former senior executive at state...

  • BUENOS AIRES, June 16- The economic recovery promised by Argentine President Mauricio Macri for the second half of this year looks so unlikely it has become the butt of jokes on Twitter. But at the Bokitas soup kitchen in Buenos Aires, poor families squeezed between high inflation and a stagnant jobs market aren't laughing. They can't wait a year, "said Lorena Diaz,...

  • SAO PAULO, June 16- Credit Suisse Group AG said an internal investigation has found no evidence that a former banker, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal. Firmeza Machado's father Sérgio, a former senior executive at state...

  • BRASILIA, June 16- Brazil's interim President Michel Temer dismissed graft allegations against him as dishonest and reckless, pledging in a national address on Thursday that his government would not be distracted from fiscal reforms aimed at reviving the economy. Temer said it was "irresponsible, ridiculous, mendacious and criminal" to suggest, as former...

  • BRASILIA, June 15- Brazil's interim President Michel Temer on Wednesday proposed a constitutional amendment to limit public spending growth for up to 20 years, one of the most far-reaching fiscal reforms in decades designed to curb a runaway rise in public debt. The government, including the legislative and judiciary branches, will be obliged to limit annual...

  • BRASILIA, June 15- Brazil's interim President Michel Temer proposed on Wednesday a constitutional amendment to limit public spending growth for up to 20 years, one of the most far-reaching fiscal reforms in decades designed to curb a runaway rise in public debt. Brazil's government, including the legislative and judiciary branches, will be obliged to limit...

  • BRASILIA, June 14- Brazil's suspended President Dilma Rousseff said on Tuesday that the country's interim government has suspended her use of Air Force planes and will no longer pay her hotel bills. The leftist leader, who was suspended one month ago to stand trial in the Senate for allegedly breaking budget laws, said the moves are meant to limit her ability to...

  • BRASILIA, June 14- Brazil's suspended President Dilma Rousseff said she is preparing a letter to Brazilians that will offer a new political pact that could include a referendum on calling early elections if she survives an impeachment trial in the Senate.

  • BRASILIA, June 14- Brazil is considering making a proposed spending cap temporary rather than permanent, two government sources said on Tuesday, in what could indicate interim President Michel Temer is revising one of his main plans to reduce debt. Finance Minister Henrique Meirelles told Reuters on June 2 that the government would implement a permanent...