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Politics Dilma Rousseff

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  • RIO DE JANEIRO, May 21- Brazil's jobless rate rose in April to the highest in nearly four years, adding to signs of a painful recession in Latin America's largest economy. Brazil's non-seasonally adjusted unemployment rate climbed to 6.4 percent last month, the highest since May 2011, statistics agency IBGE said on Thursday. Economists expect Brazil's economy...

  • Mercedes-Benz fires 500 workers at Brazil truck plant Tuesday, 19 May 2015 | 7:09 PM ET

    SAO PAULO, May 19- The Mercedes-Benz truck unit of Germany's Daimler AG said on Tuesday it had dismissed 500 workers at a Brazilian truck plant and is putting about 7,000 others on paid leave as it suspends production in the face of plunging sales. Truck sales in Brazil tumbled about 40 percent in the first four months of this year compared with the same period of...

  • BRASILIA, May 19- Brazil's government is confident that greater coordination between monetary and fiscal policies will help bring inflation back on target by late 2016, despite market skepticism, a senior official told Reuters on Tuesday. It has also left the door open for more rate hikes, despite concerns that Brazil's economy is headed for its worst...

  • BRASILIA, May 19- China has ended an embargo on Brazilian beef imports, Brazil's agriculture ministry said on Tuesday, lifting a three-year old ban and opening the door to half a billion dollars of new sales. Eight Brazilian beef processing plants and one poultry plant were approved to ship to China, the ministry said in a statement after Brazilian President...

  • On his first official trip to Latin America, Li saw a raft of agreements signed, ranging from a $1 billion purchase of passenger jets made by Brazil's Embraer to the lifting of an import ban on Brazilian beef and a long-discussed plan to build a railroad over the Andes to the Pacific. The fund was another sign of China flexing its financial might in Latin America, a...

  • BRASILIA, May 19- Brazil's agriculture ministry said on Tuesday that China had definitively ended an embargo on Brazilian beef imports that had been in place since 2012.. Nine more are expected to gain approval in June, when Brazil's Agriculture Minister Katia Abreu visits China. Though other countries like Japan and South Korea have blocked Brazil's fresh...

  • BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...

  • RIO DE JANEIRO, May 14- Brazilian President Dilma Rousseff said on Thursday that her government will maintain rules that mandate production-sharing contracts for the country's most promising areas and high national content requirements for the oil industry. "The local content policy is not something that can be set aside, it is central to my policy of...

  • BRASILIA, May 13- The lower chamber of Brazil's Congress passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit. The measure, which still has to clear the Senate, could save public coffers up to 7.5 billion reais a year, mainly by curbing abuse in...

  • Brazil's lower house passes second austerity bill Wednesday, 13 May 2015 | 7:22 PM ET

    BRASILIA, May 13- The lower chamber of Brazil's Congress passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit. The measure, which still has to clear the Senate, could save public coffers up to 7.5 billion reais a year, mainly by curbing abuse in...

  • LONDON, May 13- Brazilian Finance Minister Joaquim Levy said on Wednesday that he expected the country's economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. "Brazil is going through a period of economic adjustment. The IMF said on Tuesday that Brazil must do more to achieve its...

  • BRASILIA, May 12- Brazil must do more to achieve its 2015 fiscal savings goal and needs deep economic reforms to foster stronger growth, the International Monetary Fund said on Tuesday. In its annual assessment, the IMF cited government missteps that have dragged the once-booming Brazilian economy toward an expected recession this year, but it endorsed the...

  • Brazil must do more to meet key budget target -IMF Tuesday, 12 May 2015 | 5:34 PM ET

    BRASILIA, May 12- Brazil must do more if it is to meet its main budget surplus goal this year, and deep economic reforms are necessary to foster stronger growth in the future, the International Monetary Fund said on Tuesday. The IMF said further measures will be needed to meet this year's primary budget surplus target of 1.2 percent of Brazil's gross domestic...

  • SAO PAULO, May 12- An epidemic of dengue fever is fanning public anger over what Brazilians say is President Dilma Rousseff's biggest challenge- the sad state of the national healthcare system. Health Minister Arthur Chioro has blamed the outbreak in part on a severe drought in Brazil's southeast, an area including Sao Paulo where dengue has been most prevalent.

  • BRASILIA, May 11- Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters. A fiscal austerity push that cut government financing has forced President Dilma...

  • BRASILIA/ SAO PAULO, May 8- Brazil Finance Minister Joaquim Levy's four-month-old austerity plan is encountering growing resistance in Congress, as some legislators say his policies may deepen a looming recession. This week, leaders in President Dilma Rousseff's own Workers' Party refused to pass a reduction in social welfare benefits designed to save the...

  • Brazil lower house passes key fiscal adjustment measure Wednesday, 6 May 2015 | 10:10 PM ET

    BRASILIA, May 6- A measure that reduces the cost of social welfare benefits narrowly cleared the lower chamber of Brazil's Congress on Wednesday night in a tense victory for President Dilma Rousseff's efforts to cut a fiscal deficit and restore investor confidence. Lawmakers voted 252-227 to pass the bill that toughens conditions for jobless Brazilians to...

  • SAO PAULO, May 4- Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision last week to release from jail nine executives at construction companies suspected of paying bribes in the scheme, and put them...

  • *Brazil's Rousseff to visit Washington in June. BRASILIA, April 30- After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Although it is too early to launch a full-out trade dispute, Brazil plans to apply pressure on...

  • BRASILIA, April 30- The Brazilian government recorded its smallest primary budget surplus for the month of March in five years, missing estimates by a long shot and putting into question its ability to meet its key fiscal goal this year and restore investor confidence. The disappointing surplus was a blow to Finance Minister Joaquim Levy, who has vowed to fix...