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Politics Dilma Rousseff

  • BRASILIA, Sept 13- The founding members of Mercosur will give Venezuela until Dec. 1 to meet its membership requirements or be suspended from the trade bloc, Brazil said on Tuesday, in the latest twist in a row that has exposed ideological divisions. All Mercosur members but Uruguay blocked Venezuela from assuming the rotating presidency in June, accusing the...

  • BRASILIA, Sept 13- Brazil's new government on Tuesday launched a sweeping plan to auction off licenses to operate oil and gas, electricity and infrastructure projects in an attempt to boost investment and pull the economy out of the deepest recession in eight decades. The government will sell operating licenses by March for airports in the cities of Porto...

  • BRASILIA, Sept 12- Two weeks after the removal of Dilma Rousseff as Brazil's president, the lower house of Congress on Monday expelled the lawmaker who engineered her impeachment for lying about secret bank accounts in Switzerland. "This shows that Brazil will no longer tolerate a politician who turned Congress into a business counter for bribes and favors,"...

  • BRASILIA, Sept 12- Two weeks after the removal of Dilma Rousseff as Brazil's president, the lower house of Congress will meet Monday to vote on whether to expel the lawmaker who engineered her impeachment and who faces corruption charges in the Supreme court. Cunha's fate has many politicians worried because he has threatened to bring down others by revealing...

  • BRASILIA/ SAO PAULO, Sept 12- Brazil, one of the world's largest emitters of heat-trapping gases, on Monday ratified the Paris agreement to fight global warming, joining top polluters United States and China and bringing the deal closer to implementation. Brazil's President Michel Temer signed the ratification in Brasilia following approval by both houses of...

  • SAO PAULO, Sept 9- Latin American currencies and stocks slumped on Thursday, weighed down by concerns over North Korea's latest nuclear test and hawkish comments by a U.S. Traders scurried for the safety of the U.S. dollar at market open after North Korea announced it had conducted its fifth nuclear test. Pulpmakers Suzano Papel e Celulose SA and Fibria Celulose...

  • BRASILIA, Sept 7- A pledge by Brazil's new President Michel Temer not to run in the 2018 election enticed political rivals to back his coalition but pressure from his party might lead him to break the promise, jeopardizing the support he needs to push through reforms. The 75- year-old conservative lawyer, who was sworn in last week to finish the term of impeached...

  • BRASILIA, Sept 6- The government of Brazil's new President Michel Temer scrambled on Tuesday to distance itself from a multibillion-dollar corruption scandal that broke less than a week after he took office, involving fraud in the country's largest pension funds. "The Workers Party appointed the pension fund directors from the moment it took office in 2003...

  • BRASILIA, Sept 5- Brazil on Monday banned IESA Oil& Gas from government work for paying bribes, the third construction and engineering company barred in the massive graft and political kickbacks scandal involving contracts with state oil company Petrobras. The Ministry of Transparency, Brazil's primary anti-corruption agency, said IESA would not be able to...

  • SAO PAULO, Sept 5- Latin American stocks were mixed on Monday, with light trading due to the Labor Day holiday in the United States. However, higher oil prices supported demand for stock in oil companies, with shares in Brazil's state-owned Petróleo Brasileiro SA providing the biggest boost to the Bovespa. Brazil's currency, the real, dipped 0.88 percent from...

  • SAO PAULO, Sept 5- Most Latin American stocks inched up on Monday, supported by higher crude prices and expectations of low U.S. interest rates, though trading volumes were thin due to the Labor Day holiday in the United States. Higher oil prices also supported demand for shares of oil companies, with stocks of Brazil's state-owned Petróleo Brasileiro SA the...

  • Sept 2- Brazil's economy could grow 2.5 percent in 2018 and expand at an even faster rate over the following years, Finance Minister Henrique Meirelles said on Friday at a seminar in Shanghai. There are $269 billion in investment opportunities mapped out in Brazil for the next four years, Meirelles added, which would help the economy recover from the severe...

  • BRASILIA, Sept 2- Brazil's Supreme Court has been asked to overturn a contentious Senate decision allowing former President Dilma Rousseff to remain politically active following her removal from office in an impeachment trial this week. The Senate voted on Wednesday to oust Rousseff for manipulating the federal budget to hide the real state of Brazil's...

  • BRASILIA, Sept 2- A restive Congress and fallout from a weak economy will likely limit the ability of Brazil's new President Michel Temer to rush through spending cuts and the welfare reforms investors had hoped to see soon after the removal of his leftist predecessor. The Senate's dismissal of President Dilma Rousseff on Wednesday cleared the way for Temer,...

  • LONDON, Sept 2- Emerging market equities edged higher on Friday but stayed on track to end the week in the red as investors positioned for U.S. jobs data and political tensions hit South Africa's rand and bonds. "Everyone is laser-focused on payrolls- the concern from an EM side is just exactly where the... gets re-priced on the back of this," said Rich Kelly, head of global...

  • SHANGHAI, Sept 2- Brazil will sign nine business deals with China in sectors including agriculture, aviation and logistics, including a $3 billion steel construction project, Brazil's Ministry of Foreign Affairs said on Friday. The deals were announced as Brazil's newly-instated President Michel Temer arrived in China on Friday to attend the G20 leaders...

  • SAO PAULO, Sept 1- Brazil's currency weakened and yields paid on interest rate future contracts fell on Thursday as traders increased bets on an October rate cut after the central bank dropped a mention to a lack of space for lower borrowing costs from its policy statement. Brazilian shares seesawed and its currency fell on Thursday, as investors tried to...

  • BRASILIA, Sept 1- Brazil's ousted President Dilma Rousseff appealed to the Supreme Court on Thursday to overturn the Senate's decision to remove her from office for breaking budgetary rules. In the unlikely event the Supreme Court approved an injunction, Temer would return to being interim president while the Senate trial was repeated.

  • SAO PAULO, Sept 1- Yields paid on Brazilian interest rate future contracts fell on Thursday as traders increased bets on an October rate cut after the central bank dropped a mention to a lack of space for reducing borrowing costs from its policy statement. Brazilian shares seesawed after the country's Senate convicted former President Dilma Rousseff in an...

  • Impeached President Dilma Rousseff delivers her farewell address in Alvorado Palace on August 31, 2016 in Brasilia, Brazil.

    The removal of Dilma Rousseff from the presidency of Brazil is unlikely to speed up the country’s recovery from a severe recession, economists say.