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Dilma Rousseff

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  • BRASILIA, Jan 27- Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term. Rousseff pressed the need to clean up the government's overdrawn accounts by reining in waste and doing more with less, a change of economic policy that...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...

  • BRASILIA, Jan 21- Brazil hiked interest rates on Wednesday to maintain its aggressive pace of monetary tightening, leaving the door open for more rate hikes in an effort to arrest high inflation and regain the trust of investors. However, a widening fiscal gap and the rapid pace of inflation has forced Brazil's central bank to row against the current tide of...

  • BRASILIA, Jan 21- Brazil raised interest rates to a more than three-year high on Wednesday, maintaining an aggressive pace of monetary tightening to arrest high inflation and win back investors disillusioned with the once-booming economy. The tightening cycle that started shortly after President Dilma Rousseff won reelection in October is at the...

  • BRASILIA, Jan 21- Brazil will likely keep its aggressive pace of interest rate increases on Wednesday to rein in surging prices despite growing fears the once-thriving economy could plunge into recession this year. "We also expect the bank to maintain a more aggressive anti-inflation rhetoric in its post-meeting statement," economists with ING said in a note...

  • BRASILIA, Jan 21- Brazil will likely keep its aggressive pace of interest rate increases on Wednesday to rein in surging prices despite growing fears the once-thriving economy could plunge into recession this year. President Dilma Rousseff has vowed to lower above-target inflation in what would be a major policy shift during her second term in office to win...

  • BRASILIA, Jan 20- Brazilian President Dilma Rousseff has vetoed a decree that exempted more workers from income tax this year, according to the official gazette published on Tuesday, in another move to save cash to meet a key fiscal target. Congress later raised the adjustment to 6.5 percent, which the government said would have cost state coffers about 7 billion...

  • SAO PAULO, Jan 19- Rolling blackouts swept across parts of Brazil on Monday as the grid operator ordered select power cuts to avoid a larger crisis, drawing attention to a fragile electric system that is buckling under the strains of record-breaking heat and dryness. Grid operator ONS said it orchestrated 2,200 megawatts of controlled outages in eight states...

  • SAO PAULO, Jan 16- Brazilian police fired tear gas to disperse hundreds of people protesting an increase in transit fares in Sao Paulo, the country's biggest city, on Friday, raising fears of more disruption after a similar demonstration turned violent last week. About 3,000 people gathered at Sao Paulo's main thoroughfare on Friday, according to local police...

  • RIO DE JANEIRO, Jan 14- Brazilian police early on Wednesday arrested another former executive at state-run oil company Petroleo Brasileiro SA after prosecutors accused him of continued involvement in corruption and money laundering. Nestor Cervero, former international director of the company known as Petrobras, was detained at Rio de Janeiro's...

  • SAO PAULO, Jan 12- Thousands of Brazilian metalworkers marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • SAO PAULO, Jan 12- Thousands of metalworkers in Brazil marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • SAO PAULO, Jan 8- Brazil's government will limit spending to save up to 1.9 billion reais a month until Congress approves this year's budget, the planning ministry said on Thursday, in the latest austerity measure to improve its finances. President Dilma Rousseff issued a decree to limit discretionary spending to 1/ 18 of its proposed budget for 2015, reducing...

  • Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat Chrysler Automobiles, Germany's Volkswagen and U.S.-based General Motors Co and Ford Motor Co.. The prospect of another weak year for Brazil's auto industry is adding to headaches for President Dilma Rousseff as she struggles to get Brazil's economy growing again...

  • SAO PAULO, Jan 7- Workers at a Mercedes-Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes-Benz, a unit of Germany's Daimler AG,...

  • SAO PAULO, Jan 7- Workers at a Mercedes Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes Benz, a unit of of Germany's Daimler AG,...

  • BRASILIA, Jan 6- The Brazilian government plans to slow down investments at the start of the year and create a new fiscal council, a government official told Reuters on Tuesday, in another sign of fiscal restraint to regain investors' confidence. President Dilma Rousseff has vowed fiscal discipline in a second four-year term that started on New Year's Day after...

  • BRASILIA, Jan 5- Brazil's government must make difficult budget cuts to improve investor confidence and restore economic growth, the country's new Finance Minister Joaquim Levy said on Monday. He said that Brazil would see benefits such as greater business confidence, better-developed credit markets, higher levels of entrepreneurship and greater foreign...

  • BRASILIA, Jan 5- Brazil's government must focus on making difficult fiscal adjustments in order to get economic growth and investment back in gear, the country's new Finance Minister Joaquim Levy said on Monday. At his swearing-in ceremony in Brasilia, Levy said the process will require the participation of society as a whole and will involve changes to taxes...

  • RIO DE JANEIRO/ BRASILIA, Jan 2- When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide. "Petrobras has one of the most accurate accounting standards in the world," said Rousseff, who was then chairwoman of its board and is now Brazil's president.