GO
Loading...

Enter multiple symbols separated by commas

Dilma Rousseff

More

  • RIO DE JANEIRO, May 27- Brazil's state-run oil company, Petroleo Brasileiro SA, will pay employees 1.04 billion reais in bonuses for 2014 despite recording its largest-ever loss and rejecting investor dividends, a company union said on Wednesday. While Brazil's government owns a majority of voting common shares, non-government investors, primarily holders...

  • BRASILIA, May 27- Brazil's Senate on Wednesday approved an austerity measure that cuts pension benefits as part of President Dilma Rousseff's drive to reduce a widening fiscal deficit and regain investors' confidence in the once-booming economy. On Tuesday, the Senate approved a similarly watered-down version of another measure curbing unemployment...

  • SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence that the former director, Nestor Cervero, set up a...

  • SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former...

  • BRASILIA/ RIO DE JANEIRO, May 22- Brazil will freeze 69.9 billion reais worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the nation's investment-grade rating. Still, most analysts believe the freeze will not be enough to meet Brazil's...

  • BRASILIA RIO DE JANEIRO, May 22- Brazil unveiled a spending freeze on Friday, limiting outlays to about 70 billion reais in a bid to convince investors that President Dilma Rousseff is committed to saving the nation's investment-grade rating. Still, most analysts believe it will not be enough to meet Brazil's fiscal surplus goal of 1.2 percent of gross domestic...

  • RIO DE JANEIRO, May 22- Brazil will unveil a spending freeze of 70 billion reais on Friday, a government official told Reuters, limiting outlays to convince investors that President Dilma Rousseff is committed to saving the nation's investment-grade rating. Still, most analysts believe it won't be enough to meet Brazil's fiscal surplus goal of 1.2 percent of...

  • RIO DE JANEIRO, May 22- Brazil's government will disclose a major spending freeze on Friday aimed at convincing investors that President Dilma Rousseff is committed to saving the nation's investment-grade debt rating. A freeze of that size would be in line with market expectations and the biggest since Rousseff took office in 2011. Most analysts believe it...

  • BRASILIA, May 21- President Dilma Rousseff on Thursday rejected calls from some lawmakers in her Workers' Party for Finance Minister Joaquim Levy to quit, saying he would remain in the job. The lawmakers disagree with Levy's push for government austerity, which they think will sink Brazil's economy further towards recession. Rousseff told reporters she will...

  • SAO PAULO/ BRASILIA, May 21- Economic activity in Brazil tumbled in the first quarter and unemployment climbed to a near four-year high, adding to signs of a painful recession that could worsen as President Dilma Rousseff clamps down on spending. In a separate report, statistics agency IBGE said Brazil's unemployment rate climbed to 6.4 percent last month, the...

  • RIO DE JANEIRO, May 21- Brazil's jobless rate rose in April to the highest in nearly four years, adding to signs of a painful recession in Latin America's largest economy. Brazil's non-seasonally adjusted unemployment rate climbed to 6.4 percent last month, the highest since May 2011, statistics agency IBGE said on Thursday. Economists expect Brazil's economy...

  • Mercedes-Benz fires 500 workers at Brazil truck plant Tuesday, 19 May 2015 | 7:09 PM ET

    SAO PAULO, May 19- The Mercedes-Benz truck unit of Germany's Daimler AG said on Tuesday it had dismissed 500 workers at a Brazilian truck plant and is putting about 7,000 others on paid leave as it suspends production in the face of plunging sales. Truck sales in Brazil tumbled about 40 percent in the first four months of this year compared with the same period of...

  • BRASILIA, May 19- Brazil's government is confident that greater coordination between monetary and fiscal policies will help bring inflation back on target by late 2016, despite market skepticism, a senior official told Reuters on Tuesday. It has also left the door open for more rate hikes, despite concerns that Brazil's economy is headed for its worst...

  • BRASILIA, May 19- China has ended an embargo on Brazilian beef imports, Brazil's agriculture ministry said on Tuesday, lifting a three-year old ban and opening the door to half a billion dollars of new sales. Eight Brazilian beef processing plants and one poultry plant were approved to ship to China, the ministry said in a statement after Brazilian President...

  • On his first official trip to Latin America, Li saw a raft of agreements signed, ranging from a $1 billion purchase of passenger jets made by Brazil's Embraer to the lifting of an import ban on Brazilian beef and a long-discussed plan to build a railroad over the Andes to the Pacific. The fund was another sign of China flexing its financial might in Latin America, a...

  • BRASILIA, May 19- Brazil's agriculture ministry said on Tuesday that China had definitively ended an embargo on Brazilian beef imports that had been in place since 2012.. Nine more are expected to gain approval in June, when Brazil's Agriculture Minister Katia Abreu visits China. Though other countries like Japan and South Korea have blocked Brazil's fresh...

  • BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...

  • Chinese PM starts South American investment tour Tuesday, 19 May 2015 | 12:09 AM ET

    BRASILIA, Brazil— China's Premier Li Keqiang and Brazilian President Dilma Rousseff agreed on Tuesday to embark on studies for an ambitious railway linking Brazil's Atlantic coast with a Pacific port in Peru, and announced billions in other investments and trade deals. "A new path to Asia will open for Brazil," said Rousseff. "We're moving into a different era,...

  • RIO DE JANEIRO, May 14- Brazilian President Dilma Rousseff said on Thursday that her government will maintain rules that mandate production-sharing contracts for the country's most promising areas and high national content requirements for the oil industry. "The local content policy is not something that can be set aside, it is central to my policy of...

  • BRASILIA, May 13- The lower chamber of Brazil's Congress passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit. The measure, which still has to clear the Senate, could save public coffers up to 7.5 billion reais a year, mainly by curbing abuse in...