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Dilma Rousseff

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  • BRASILIA, March 24- Brazilian President Dilma Rousseff said on Tuesday her government is firmly committed to fiscal adjustment but will not sacrifice social programs to balance its overdrawn public accounts. "The best example is that we are today sending Congress legislation to increase the value of the minimum wage," she said. The belt-tightening steps, which...

  • SAO PAULO, March 24- The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies in the Americas. The dust-up led one former top aide to President Barack Obama to describe Brazil and the United...

  • BRASILIA, March 24- A plan to attract private investment to Brazil's strained port infrastructure is even more important in the face of federal budget cuts that will curb public investment, Ports Minister Edinho Araújo said in an interview. Brazilian President Dilma Rousseff said on Friday that her government would make "significant" cuts to the 2015 budget...

  • SAO PAULO, March 23- Brazil's biggest opposition party has no interest in impeaching President Dilma Rousseff despite recent street demonstrations calling for her ouster, former President Fernando Henrique Cardoso told Reuters. Cardoso, who at 83 remains an influential leader in the centrist Brazilian Social Democracy Party, said removing Rousseff so...

  • BRASILIA, March 20- Prosecutors who uncovered Brazil's biggest corruption case called on Friday for tougher prison sentences and more legal powers to crack down on rampant graft that costs taxpayers more than the annual budget for education and health. They also proposed reducing Brazil's long appeals process that often lets criminals go scot-free.

  • Economic downturn pushes Brazilians into informal economy Thursday, 19 Mar 2015 | 11:12 AM ET

    BRASILIA, March 19- Mounting job losses are pushing more and more Brazilians into the informal economy as self-employed workers, leaving them vulnerable to what could be the country's worst recession in 25 years. Self-employed workers, most of them earning no more than about $450 a month, now represent 19.5 percent of employees in Brazil's main cities- the...

  • BRASILIA, March 18- Brazil's Comptroller-General Office on Wednesday added another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at state-run oil company Petrobras. A total of 24 of Brazil's top builders are being investigated for suspected overpricing of contracts in a...

  • BRASILIA, March 18- Brazilian President Dilma Rousseff accepted the resignation of Education Minister Cid Gomes on Wednesday after her allies in Congress demanded that he quit for calling them "extortionists." The quarrel added fuel to the political crisis Rousseff is facing, which could hinder her efforts to push through belt-tightening legislation...

  • BRASILIA, March 18- Brazilian President Dilma Rousseff launched an anti-corruption offensive on Wednesday to counter rising discontent over a kickback scandal engulfing state-run oil company Petrobras that has implicated her allies and undermined her popularity. Her anti-corruption proposals, contained in bills submitted to Congress, include the...

  • BRASILIA/ ZURICH, March 18- Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Petroleo Brasileiro SA. Switzerland has frozen roughly $400 million in Swiss accounts in the investigation and has begun to return an...

  • BRASILIA, March 18- Brazil's economy shed jobs for a third straight month in February, government data showed on Wednesday, in another setback for President Dilma Rousseff as the nation's once-booming job market rapidly loses steam. Factories, farms and services companies in Brazil shed a net 2,415 jobs in February, the labor ministry said, missing a Reuters...

  • BRASILIA, March 18- At the start of the year, few would have guessed that a "Chicago Boy" economist would win over Brazil's leftist president, Dilma Rousseff. After two months on the job, the 54- year-old Levy has grown closer to Rousseff and earned a place in her inner circle as she tries to pull Brazil's economy out of a prolonged slump, government sources told Reuters.

  • BRASILIA, March 18- Brazil's Comptroller-General Office on Wednesday added another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at state-run oil company Petrobras. A total of 24 of Brazil's top builders are now being investigated for suspected overpricing of contracts in a...

  • SAO PAULO, March 16- Huge demonstrations against President Dilma Rousseff over the weekend will make it harder for her to fix Brazil's finances and repair the economic damage from a corruption scandal at state-run oil company Petroleo Brasileiro SA. Rousseff is seen as safe from any impeachment threat for now since it is unlikely her opponents could marshal...

  • Why Russia isn’t the only BRIC worrying markets Monday, 16 Mar 2015 | 10:27 AM ET

    Mass demonstrations across Brazil against corruption and waning economic growth have highlighted that Russia is not the only BRIC nation off track.

  • RIO DE JANEIRO, March 13- Pro-government labor unions and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration. The protests on Sunday could deepen a political crisis that has given rise to calls for Rousseff's impeachment for not stopping a...

  • Yet Brazil's real has suffered more than most, with investors spooked by the country's shrinking economy, large current account deficit and a corruption scandal shaking leftist President Dilma Rousseff's government. Instead of actively trying to manage the real's value, as Rousseff did during much of the first four years of her presidency, her government...

  • Yet Brazil's real has suffered more than most, with investors spooked by the country's shrinking economy, large current account deficit and a corruption scandal shaking leftist President Dilma Rousseff's government. Instead of actively trying to manage the real's value, as Rousseff did during much of the first four years of her presidency, her government...

  • RIO DE JANEIRO, March 12- The former head of Petrobras said on Thursday there was no way the state-run oil company could have discovered the massive corruption scheme that is adding to Brazil's economic and political troubles. Petroleo Brasileiro SA, as Petrobras is formally known, followed all internal procedure in approving more than $30 billion a year in...

  • Brazilian beef exporters weigh WTO case against EU Thursday, 12 Mar 2015 | 10:31 AM ET

    BRASILIA, March 12- Brazilian meat exporters are considering taking the European Union to the World Trade Organization to challenge restrictions on their beef shipments to one of the world's top markets, the head of the country's beef exporters association told Reuters. A new dispute could further harm trade ties frayed by an EU case against Brazil over...