Politics Dilma Rousseff

  • BRASILIA, May 16- Brazilian Finance Minister Henrique Meirelles will likely pick Itau Unibanco Chief Economist Ilan Goldfajn to head the central bank in a bid to recover investors' confidence, an official familiar with the discussions told Reuters on Monday. Goldfajn, an MIT- trained economist widely respected on Wall Street, was the central bank's director of...

  • RIO DE JANEIRO, May 15- Brazil's interim president, Michel Temer, said in a televised interview Sunday that he hopes to reduce unemployment and bring economic and political calm to Latin America's biggest country. Temer, a centrist who took over as interim president last week after Brazil's senate voted to suspend Dilma Rousseff and try her for irregularities...

  • RIO DE JANEIRO, May 15- Brazil's new finance minister in a televised interview on Sunday said the country's worst economic problem is "confidence." In an interview on the Globo television network, Henrique Meirelles said the country's interim government needed to reorder government finances to help reverse Brazil's worst economic downturn in decades, but...

  • RIO DE JANEIRO, May 15- Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday. Rousseff was suspended as president last week after Brazil's Senate voted to...

  • BUENOS AIRES, May 13- Former Argentine President Cristina Fernandez was indicted on Friday over accusations that she oversaw irregularities in the central bank's sale of U.S. dollars in the futures market while she was in office. Federal Judge Claudio Bonadio charged Fernandez, her former economy minister Axel Kicillof and former central bank chief...

  • SAO PAULO, May 13- Brazil shares and its currency fell on Friday, following a drop in global commodities prices, as investors waited for interim President Michel Temer's team to announce measures to control debt and restore economic growth. Brazil's central bank refrained from selling reverse currency swaps, unlike the previous two days.

  • SAO PAULO, May 13- Brazil's new Agriculture Minister, agribusiness mogul Blairo Maggi, is expected to make policy in one of the world's leading commodities exporters friendlier for business, though environmentalists may still see him as a threat to the Amazon. Once known as Brazil's "soy king," Maggi entered Brazil's billionaire club in his 40 s, when he ran his...

  • SAN CRISTOBAL, Venezuela, May 13- Mobs in Venezuela have stolen flour, chicken and even underwear this week as looting increases across the crisis-hit OPEC nation where many basic products have run short. But as more end up empty-handed and black market prices soar, plundering is rising in Venezuela, already one of the world's most violent countries.

  • BRASILIA, May 13- Brazil's new center-right government plans to unveil tough measures soon to curb a massive budget deficit and, depending on the results of a thorough review of the fiscal situation, may consider raising taxes temporarily, the finance minister said on Friday. Henrique Meirelles, a former central bank governor who has been tasked with trying to...

  • LONDON, May 13- Emerging market assets, squeezed by a stronger dollar and global growth worries, were poised to end a choppy week by racking up losses on Friday, with emerging Europe more mixed after economic data. Quite a few did not jump in and people are pretty cautious overall, "said Paul Fage, senior emerging markets strategist at TD Securities.

  • RIO DE JANEIRO, May 12- Brazil's state-controlled oil company Petroleo Brasileiro SA posted its third-straight quarterly loss on Thursday as oil prices and production fell and a weaker currency boosted debt costs. It is saddled with the oil industry's largest debt and has also been hurt by falling domestic demand due to Brazil's worst recession since the...

  • BRASILIA, May 12- Brazil's interim President Michel Temer called on his country to rally behind his government of "national salvation," hours after the Senate voted to suspend and put on trial his leftist predecessor, Dilma Rousseff, for breaking budget laws. The change in government marks a dramatic political shift in Brazil, where Rousseff, who has been in office...

  • HAVANA/ BRASILIA, May 12- Brazilian President Dilma Rousseff's suspension from office is bad news for newly trendy Cuba, which despite a detente with Washington is feeling the pinch from a downturn ravaging allies' economies and political fortunes in South America and Africa. Friends such as Venezuela, Brazil and Angola for years used revenue from a...

  • BRASILIA, May 12- Suspended Brazilian President Dilma Rousseff vowed on Thursday she would fight to prove her innocence after the Senate voted to put her on trial for breaking budget laws, its historic decision fueled by deep recession and a sprawling corruption scandal. Centrist Vice President Michel Temer took over as interim president for the duration of a...

  • People walk past an electronic board showing the graph of the recent fluctuations of market indices at the floor of Brazil's BM&F Bovespa Stock Market in downtown Sao Paulo, Brazil, May 9, 2016.

    It’s time to buy emerging market bonds, one BlackRock expert says.

  • May 12- BlackRock Inc is among major asset managers that had been raising their bets on Brazil even before President Dilma Rousseff was suspended from office on Thursday, but many investors are wary about the long-term recovery prospects of Latin America's largest economy. In its Latin America Fund, BlackRock, the world's largest asset manager, has made what...

  • BRASILIA, May 12- Suspended Brazilian President Dilma Rousseff vowed on Thursday she would fight to prove her innocence after the Senate voted to put her on trial for breaking budget laws, a historic decision fueled by deep recession and a sprawling corruption scandal. Rousseff, a leftist in office since 2011, was replaced by her vice president, centrist Michel...

  • BRASILIA, May 12- Brazilian meat packer JBS posted a much larger-than-expected first-quarter loss on Thursday, but its shares jumped the day after it announced a corporate reorganization to bring together international operations. On Wednesday, São Paulo-based JBS said it will create JBS Foods International, an Ireland- based company whose assets will...

  • BRASILIA, May 12- Brazilian President Dilma Rousseff bowed out defiantly on Thursday, suspended from office after the Senate voted to put her on trial for breaking budget laws in a historic decision brought on by a deep recession and a corruption scandal. Rousseff, in office since 2011, will be replaced by Vice President Michel Temer, for the duration of a Senate...

  • BRASILIA, May 12- Suspended Brazilian President Dilma Rousseff said she would keep fighting impeachment charges and was confident she would be declared innocent, after the Senate voted on Thursday to put her on trial for breaking budgetary rules. "I may have made mistakes but I did not commit any crime," a stern-faced Rousseff said, in an address before leaving the...