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Dilma Rousseff

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  • BRASILIA, March 3- Brazil's top prosecutor asked the Federal Supreme Court on Tuesday to open investigations into politicians who allegedly benefited from a multibillion-dollar kickback scheme at state-run oil company Petroleo Brasileiro SA, a court official said on Tuesday. Janot's office did not release the names of the politicians to be investigated,...

  • RIO DE JANEIRO— Brazil's attorney general on Tuesday asked the nation's Supreme Court for permission to investigate 54 people, the majority top political figures, for alleged involvement in what prosecutors say is the country's largest corruption scandal yet uncovered. Attorney General Rodrigo Janot's request to the top court opens an expansive new phase...

  • SAO PAULO, March 3- Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a key highway in top soy state Mato Grosso opened. Nationwide, there were 18 roadblocks over rising freight costs by the end of the day on Monday, well below peaks of more than 100 a week ago,...

  • BRASILIA, March 2- Brazil posted its biggest trade deficit ever for the month of February as prices of key exports continued to drop, government data showed on Monday. Brazil recorded a trade deficit of $2.842 billion in February, wider than the gap of $2.2 billion expected by nine analysts surveyed by Reuters. Trade Minister Armando Monteiro has said Brazil will...

  • RIO DE JANEIRO, Feb 27- Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday that the director of its corporate-services division will take a 90- day leave of absence for health reasons. Dutra, a former Brazilian Senator, served as Petrobras' chief executive officer for two and a half years from 2002 to 2005 and president of Brazil's...

  • Private equity tops a list of potential investors in a sector that represents 10 percent of Brazil's gross domestic product and shows promise of growth but is hobbled by aging infrastructure, a dearth of qualified staff and rising costs. Two of those sources said a proposal by Carlyle Group LP to pay as much as 2 billion reais for a 30 percent stake in Rede D'Or...

  • SAO JOSE DOS CAMPOS, Brazil, Feb 26- Workers at a General Motors Co car factory in Brazil ended a six-day strike on Thursday after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry. The re-elected leadership, which also organized a strike against planemaker Embraer SA last...

  • Brazil's government told truckers and transport companies late on Wednesday it would extend a year of free financing for vehicles from a state development bank and help truckers and transport companies work out a framework for setting freight rates. Although the flow of trucks was normal in Brazil's richest state of Sao Paulo, which guaranteed normal...

  • Volkswagen, Embraer summoned in Brazil dictatorship probe Thursday, 26 Feb 2015 | 11:46 AM ET

    SAO PAULO, Feb 26- A "truth commission" investigating crimes during Brazil's 1964-1985 military dictatorship has summoned Germany's Volkswagen AG and five local companies to testify whether their collaboration with the regime led to rights abuses. The other companies are Brazilian aircraft maker Embraer SA, industrial firms Grupo Aliperti and Cobrasma SA,...

  • It is still unclear whether the late night offer will satisfy the strikers, whose actions have disrupted food and fuel supplies in 10 of Brazil's 26 states. Highway operator Rota do Oeste in Brazil's top soybean state of Mato Grosso, where the strike started, said truckers are expected to maintain road blockages through the night. The truckers' strike has added to...

  • Agriculture Minister Katia Abreu said after a meeting with truckers in Brasilia on Wednesday afternoon that she was confident both sides would reach agreement. Truckers and transport companies failed to reach an agreement over freight rates by the end of the government-led talks Wednesday evening, said Blairo Maggi, a prominent senator from the leading...

  • BRASILIA, Feb 25- Brazil has no plans to pump new capital into Petrobras, even after a debt-rating downgrade by Moody's Investors Service threatens to limit the cash-strapped oil company's access to finance and raise its borrowing costs, two government officials told Reuters on Wednesday. Late on Tuesday, Moody's Investors Service cut the rating on foreign...

  • Petrobras scandal about to hit Brazil's political class Wednesday, 25 Feb 2015 | 3:51 PM ET

    BRASILIA, Feb 25- Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that could involve members of Congress and President Dilma Rousseff's government. Under Brazilian law, lawmakers and cabinet members can only be tried by the Supreme Court.

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...

  • SAO PAULO, Feb 25- Truckers staged nearly 100 road blocks across Brazil's farm belt on Wednesday as protests stretched into their eighth day, though access to the country's biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and...

  • Brazil oil firm Petrobras downgraded to junk status Tuesday, 24 Feb 2015 | 8:33 PM ET

    RIO DE JANEIRO— Brazil's state-run oil company Petrobras' debt was downgraded to junk status on Tuesday by Moody's Investors Service. It's the latest sign of the quick fall from grace of Petrobras, which not long ago was seen as an industry darling prepared to lead development of Brazil's recent finds of massive offshore oil basins that could hold upward of 100...

  • SINOP, Brazil, Feb 24- Brazilian truck drivers protesting high fuel prices for a seventh day on Tuesday interrupted supplies of diesel and raw materials across the country and threatened to hold up grains exports at ports in the middle of a record harvest. President Dilma Rousseff called an emergency meeting, hoping to defuse the strikes, which threaten the...

  • BRASILIA, Feb 24- The Brazilian government is working on a plan to save up around 80 billion reais this year to meet a fiscal goal that is crucial to regain investors' trust, a senior lawmaker and a government official said on Tuesday. His comments suggest the government will likely continue to raise taxes to reach its primary fiscal surplus goal of 66 billion reais,...

  • Former Petrobras executive charged with taking bribes Tuesday, 24 Feb 2015 | 12:37 PM ET

    BRASILIA, Feb 24- Prosecutors on Tuesday accused a former senior Petrobras executive of racketeering, bribery and money laundering through Switzerland and Uruguay in a widening kickback scandal that has engulfed Brazil's state-run oil company. Nestor Cerveró was head of international operations at Petroleo Brasileiro SA, as the company is known, from...

  • SINOP, Brazil, Feb 24- Truck drivers protesting high fuel prices for a seventh day on Tuesday interrupted supplies of diesel and raw materials across Brazil's farm belt and threatened to hold up grains exports at ports in the midst of a record harvest. The strike has led to a shortage of diesel fuel in parts of Brazil's bountiful center-west grains belt.