Vale and BHP Billiton are facing one of Brazil's largest civil lawsuits after prosecutors demanded $44 billion in damage, the Financial Times reports.
Morgan Harting, co-head of the emerging markets multi-asset group of Alliance Bernstein, says there are better investments outside of Brazil.
Brazil's leftist President Dilma Rousseff suffered a humiliating loss when the lower house of Congress voted to impeach her on Sunday.
Brazil prepares for a soon-expected transition of leadership amid impeachment proceedings and an economic recession.
The country's lower house of Congress voted to impeach President Dilma Rousseff on Sunday.
Brazilian President Dilma Rousseff lost a crucial vote in the lower house of Congress, reports Joe Leahy of the Financial Times.
Investors are dipping back into emerging markets, but some analysts warn the appearance of a recovery overlooks the warning signs.
The political and economic turmoil engulfing Brazil, the world's seventh-largest economy, is weighing on global growth as well.
There are more than a few potential pitfalls that could make investors eager to "sell in May" this year.
Dilma Rousseff scrambled on Wednesday to hold together her crumbling coalition by negotiating key government posts with remaining allies, aides said.
Investors are betting that an impeachment of President Dilma Rousseff will change the country's trajectory.
Marcos Casarin, head of LatAm macro research at Oxford Economics, talks about the damage to Dilma Rousseff as a result of PMDB quitting.
Analysts are divided as to how Brazil's economy and political situation might fare if President Dilma Rousseff is impeached.
Petrobras posted its biggest-ever quarterly loss on Monday after booking a large writedown for oil fields and other assets as oil prices slumped.
Peter Attard Montalto, emerging markets economist at Nomura, tells CNBC that investors are willing and waiting for a chance to put money into Brazil.
The move by the Brazilian president to appoint her predecessor and personal mentor as her chief of staff has been blocked by a federal judge, according to media reports.
Daniel Tenengauzer, head of global FX & EM strategy at RBC Capital Markets, says the regime in Brazil needs to change for the economy to improve.
Brazil's ex-president will accept a position in his successor's cabinet, according to a national newspaper.
Jimena Blanco, head of Americas at Verisk Maplecroft, says investor perceptions of Brazil may change if Dilma Rousseff's government is removed.
Hundreds of thousands of Brazilians flooded the streets on Sunday in record protests calling for President Dilma Rousseff's removal.