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Dilma Rousseff

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  • 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.

  • SINOP, Brazil, Feb 24- A growing protest by Brazilian truck drivers against high fuel prices entered a seventh day on Tuesday, interrupting supplies of diesel and food across several commodity-rich states at the start of harvest season. Truckers started restricting the flow of goods along BR 163, the main highway running through top soybean-producing state...

  • SINOP, Brazil, Feb 23- Truckers protesting high fuel prices blocked main roads across Brazil on Monday for a sixth day, leading to fuel shortages in some towns, stalled factories and threatening diesel supply for machines harvesting an expected record soybean crop. The hardest hit state was Mato Grosso, Brazil's largest grain and livestock producer, where a...

  • BRASILIA, Feb 23- Brazilian states and cities are scrambling to raise taxes and cut spending after years of excesses, nudging an already weak national economy closer to recession. While a return to fiscal rigor in states and cities may help Brazil keep its coveted investment grade credit rating, it could seriously hamper investment crucial for Latin America's...

  • SAO PAULO, Feb 20- Some of the companies caught up in a massive corruption scandal at state-run oil firm Petrobras are quietly pressing Brazil's government and judiciary to strike a "grand bargain" to minimize the legal fallout, five sources with knowledge of the talks say. The companies, which prosecutors suspect of paying out billions of dollars in bribes...

  • The amount included $111 million in compensation for public money prosecutors allege was stolen from Petrobras' coffers, along with $333 million in fines and $1.11 billion in punitive damages. The action was the latest aggressive step by federal prosecutors, who say they've uncovered the biggest corruption scheme in Brazil's history.

  • Brazil finally gets some rain, but rationing still looms Wednesday, 18 Feb 2015 | 10:59 AM ET

    A cold front along Brazil's southeastern coast near the two principal cities of Sao Paulo and Rio de Janeiro brought heavy rains on Sunday, Monday and Tuesday to most of the region and the neighboring center-west, home to much of the country's farm belt. Water levels in reservoirs run by Sabesp, which manages most water and sewage services in the state of Sao Paulo,...