As expected, Brazilian President Dilma Rousseff has been removed from office by the Brazilian Senate. CNBC's Seema Mody reports.
Brazil's President Dilma Rousseff has been removed from office by Senate, CNBC's Michelle Caruso-Cabrera reports.
Brazil is set for new leadership, says Benat Bilbao-Osorio, regional director for Latin America and the Caribbean at The Economist Intelligence Unit.
Jimena Blanco, head of Americas at Verisk Maplecroft, discusses Brazil's politics and the impeachment case against suspended President Dilma Rousseff.
Suspended President Dilma Rousseff made a final stand in an impeachment trial that is widely expected to remove her from office.
Embattled Brazilian President Dilma Rousseff delivers testimony in her impeachment trial.
Nine months since impeachment proceedings began for Brazil's President Dilma Rousseff, the last stage of the process is finally underway.
The next test for Brazilian politics is whether the new government can help revive the economy, says Adrienne Arsht Latin America Center's Andrea Murta.
PIIE's Monica De Bolle says Rousseff's impeachment is highly likely and Brazil could see a Temer-led government by early September.
Only 54 senators are needed to vote for a formal impeachment of Rousseff, with 49 declaring their willingness to do so, says CSIS' Michael Metera.
Markets looks to be unaffected by the political turmoil in Brazil, says Peter Kinsella, Head of Emerging Market (Economic and FX) Research at Commerzbank.
Even members of Rousseff's own Workers' Party have admitted that her political career is over, says the Wilson Center's Paulo Sotero.
Brazil didn't really see any impact from the World Cup so it's unlikely the country will significantly benefit from the Games, notes Italo Lombardi of Standard Chartered Bank.
Rio is unlikely to receive a good return on its investment to host the Olympics, with some economists warning of a "catastrophe."
Thousands will be in Rio de Janeiro for the Olympics, but the country's state of affairs is anything but festive.
Brazil will come out of the Olympics worse than when the country went into the games, says Inter-American Dialogue's senior fellow, Peter Hakim.
Things are looking up for the Brazilian economy - but it won't be due to the Olympic games, according to a UBS report.
Investors should forget about European stocks and look to emerging markets instead, says Peter Boockvar of The Lindsey Group.
Brazil is considering an emergency loan to Rio as it prepares to host the Olympics, according to two senior government officials.
Brazil can still turn things around, but it won't be easy, Columbia University's Marcos Troyjo says.