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Dilma Rousseff

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  • 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...

  • 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,...

  • SAO PAULO, Feb 14- Brazil's tax watchdog opened a probe on whether about a dozen people involved in the Petrobras corruption scandal also allegedly had undeclared accounts with HSBC Holdings Plc's private bank in Switzerland, two sources with knowledge of the situation said on Saturday. A former manager at the state-controlled oil giant Petróleo...

  • SAO PAULO, Feb 13- Brazilian President Dilma Rousseff's recent move to replace Caixa Economica Federal's chief executive is aimed at pushing the big state-controlled bank closer to an initial public offering but a flotation still faces serious obstacles. Beyond their objections, investor wariness about a company as vulnerable to government intervention...

  • BRASILIA, Feb 13- President Dilma Rousseff's austerity push has run into stiff opposition from her own allies in Congress that could derail her efforts to restore Brazil's fiscal credibility and avoid a damaging credit rating downgrade. The leftist leader's allies, including members of her own Workers' Party, are seeking to water down a first batch of...

  • RIO DE JANEIRO, Feb 13- Brazilians are in a dour mood at the moment, giving them all the more reason to party as Carnival celebrations officially kick off in earnest on Friday. "Carnival has always been an escape valve," said Gerson Moraes, a history and philosophy professor at Mackenzie University in São Paulo. A severe drought in southeastern Brazil has raised the...

  • MEXICO CITY/ WASHINGTON, Feb 12- Grappling with tumbling auto sales and weak economic growth, Brazil wants to renew an auto quota pact with Mexico that is set to expire in March, a move that could stoke trade tensions. Another source said Brazil wants a broader treaty with Mexico that would allow free trade between the two Latin American peers in areas where...

  • WASHINGTON, Feb 12- Brazilian Trade Minister Armando Monteiro said on Thursday he does not see much chance of agreeing on a tax treaty with the United States in the short term. Monteiro did not hold out much hope of resolving the issue during a presidential visit, noting that there was no date set for President Dilma Rousseff to visit the United States.

  • MEXICO CITY/ BRASILIA, Feb 12- Grappling with tumbling auto sales and weak economic growth, Brazil wants to derail a pact that would allow unlimited imports of cars from Mexico, sources familiar with the situation say, in a move that could stoke trade tensions between Latin America's largest economies. Another source said Brazil wants a broader treaty with...