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Politics Dilma Rousseff

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

    Brazil's Senate ousted President Dilma Rousseff on Wednesday, ending an impeachment process that polarized Latin America's biggest country.

  • BRASILIA, Aug 31- Brazil's Senate ousted President Dilma Rousseff on Wednesday, ending an impeachment process that polarized Latin America's biggest country amid a massive corruption scandal and brutal economic crisis. Rousseff's opponents hailed her removal as paving the way for a change of fortunes for Brazil. Her conservative successor, Michel Temer,...

  • Brazil Economy

    Brazil's new administration needs to do more on the fiscal policy front to help anchor inflation, says Roubini Global Economics's Rachel Ziemba.

  • BRASILIA, Aug 31- Brazilian President Michel Temer said it was time to unite the country after the impeachment of Dilma Rousseff on Wednesday, vowing to work to rescue an economy mired in recession. In his first address to the nation after being sworn in, Temer said Brazil needs to guarantee political stability for foreign investors. He said the policy outlook is...

  • BRASILIA, Aug 31- Brazil's central bank kept interest rates at a decade high for the ninth straight time on Wednesday, but signaled a rate cut could be in the cards later this year if stubbornly high inflation subsides. In a unanimous vote, the bank's monetary policy committee- known as Copom- kept its benchmark Selic rate at 14.25 percent, its highest since July 2006.

  • RIO DE JANEIRO, Aug 31- Brazil's Dilma Rousseff, a former Marxist guerrilla who rose to become her country's first female president, went out as she always said she would: fighting. Such defiance is characteristic of the 68- year-old leftist, who was imprisoned and tortured in the early 1970 s under Brazil's military dictatorship. But for critics, her economic...

  • BRASILIA, Aug 31- Brazil's Senate ousted President Dilma Rousseff on Wednesday, ending an impeachment process that polarized Latin America's biggest country amid a massive corruption scandal and brutal economic crisis. But her conservative successor, Michel Temer, the former vice president who has run Brazil since her suspension in May, inherits a bitterly...

  • BRASILIA, Aug 31- President Michel Temer said on Wednesday that fixing Brazil's economy would not be easy, but his priority was to pass a spending cap this year, attract foreign investment, reduce unemployment and begin reform of the pension system. At his first cabinet meeting after being sworn in by Congress, Temer said he would not tolerate divisions within his...

  • BRASILIA, Aug 31- Brazil's central bank is widely expected on Wednesday to hold interest rates at a decade-high, perservering with a policy that has barely dented inflation despite a crippling two-year recession. Although Brazil's borrowing costs are among the highest for a major economy, inflation has remained stuck at around 9 percent as a surge in food...

  • WASHINGTON, Aug 31- The United States is confident that its strong bilateral relations with Brazil will continue, a State Department spokesman said on Wednesday after Brazil's Senate removed President Dilma Rousseff from office.

  • BRASILIA, Aug 31- Brazil's Senate removed President Dilma Rousseff from office on Wednesday for breaking budgetary laws, ending an impeachment process that has polarized the scandal-plagued country and paralyzed its politics for nine months. Conservative Michel Temer, the former vice president who has run Brazil since Rousseff's suspension in May, was to...

  • BRASILIA/ SAO PAULO, Aug 31- A rebound in spending on machinery and equipment by Brazilian companies should lead Latin America's largest economy out of a deep recession in the coming months, providing a much-needed boost for new center-right President Michel Temer. A recent survey of chief financial officers by the local American Chamber of Commerce showed...

  • Rousseff out in Brazil

    As expected, Brazilian President Dilma Rousseff has been removed from office by the Brazilian Senate. CNBC's Seema Mody reports.

  • BRASILIA, Aug 31- Brazil's Senate removed President Dilma Rousseff from office on Wednesday for breaking budgetary laws, ending an impeachment process that has polarized the scandal-plagued country and paralyzed its politics for nine months. Senators voted 61-20 to convict Rousseff for illegally using money from state banks to boost public spending,...

  • Brazil's Rousseff removed from office

    Brazil's President Dilma Rousseff has been removed from office by Senate, CNBC's Michelle Caruso-Cabrera reports.

  • BRASILIA, Aug 31- Brazil's Senate opened the final session in an impeachment trial expected to dismiss President Dilma Rousseff from office on Wednesday and draw the curtain on 13 years of leftist Workers Party rule in Latin America's largest nation. Senate aides said that after senators established the final conditions for the vote, a verdict was expected at...

  • SAO PAULO, Aug 31- The Brazilian real firmed on Wednesday hours before the country's Senate was expected to vote to remove President Dilma Rousseff from office and ratify Vice President Michel Temer as her successor. Many investors blame the interventionist policies pursued by Rousseff's Workers' Party during 13 years in government for dragging Latin...

  • BRASILIA, Aug 31- Brazil's economy shrank for a sixth straight quarter between April and June, but investments grew for the first time since 2013 and fueled hopes of a modest recovery following the likely ousting of President Dilma Rousseff on Wednesday. Brazil's industrial output also hit an inflection point, edging up after shrinking for five consecutive...

  • BRASILIA, Aug 31- Brazil's central bank is widely expected on Wednesday to hold interest rates at near-decade highs for the ninth straight time, continuing a battle against inflation that has barely eased despite a crippling recession. Although Brazil's borrowing costs are among the highest for a major economy, inflation has remained stuck at around 9...

  • BRASILIA, Aug 31- Brazil's Senate is expected to vote on Wednesday to dismiss President Dilma Rousseff, finalizing a nine-month impeachment process and confirming the country's shift to the center-right with the end of 13 years of leftist Workers Party rule. Rousseff's supporters seemed resigned to the likelihood that more than two-thirds of the 81- member...