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Dilma Rousseff

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  • BRASILIA, March 18- At the start of the year, few would have guessed that a "Chicago Boy" economist would win over Brazil's leftist president, Dilma Rousseff. After two months on the job, the 54- year-old Levy has grown closer to Rousseff and earned a place in her inner circle as she tries to pull Brazil's economy out of a prolonged slump, government sources told Reuters.

  • BRASILIA, March 18- Brazil's Comptroller-General Office on Wednesday added another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at state-run oil company Petrobras. A total of 24 of Brazil's top builders are now being investigated for suspected overpricing of contracts in a...

  • SAO PAULO, March 16- Huge demonstrations against President Dilma Rousseff over the weekend will make it harder for her to fix Brazil's finances and repair the economic damage from a corruption scandal at state-run oil company Petroleo Brasileiro SA. Rousseff is seen as safe from any impeachment threat for now since it is unlikely her opponents could marshal...

  • Brazil leader facing turbulence, but ouster unlikely Monday, 16 Mar 2015 | 12:05 AM ET

    The biggest of the protests, held on the 30th anniversary of Brazil's return to democracy after a long military regime, took place in Sao Paulo, an opposition stronghold where some 210,000 gathered on a main avenue, according to the polling institute Datafolha, one of the only entities in Brazil that makes scientific crowd estimates. Large rallies were also seen...

  • RIO DE JANEIRO, March 13- Pro-government labor unions and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration. The protests on Sunday could deepen a political crisis that has given rise to calls for Rousseff's impeachment for not stopping a...

  • Yet Brazil's real has suffered more than most, with investors spooked by the country's shrinking economy, large current account deficit and a corruption scandal shaking leftist President Dilma Rousseff's government. Instead of actively trying to manage the real's value, as Rousseff did during much of the first four years of her presidency, her government...

  • Yet Brazil's real has suffered more than most, with investors spooked by the country's shrinking economy, large current account deficit and a corruption scandal shaking leftist President Dilma Rousseff's government. Instead of actively trying to manage the real's value, as Rousseff did during much of the first four years of her presidency, her government...

  • RIO DE JANEIRO, March 12- The former head of Petrobras said on Thursday there was no way the state-run oil company could have discovered the massive corruption scheme that is adding to Brazil's economic and political troubles. Petroleo Brasileiro SA, as Petrobras is formally known, followed all internal procedure in approving more than $30 billion a year in...

  • Brazilian beef exporters weigh WTO case against EU Thursday, 12 Mar 2015 | 10:31 AM ET

    BRASILIA, March 12- Brazilian meat exporters are considering taking the European Union to the World Trade Organization to challenge restrictions on their beef shipments to one of the world's top markets, the head of the country's beef exporters association told Reuters. A new dispute could further harm trade ties frayed by an EU case against Brazil over...

  • BRASILIA, March 12- Brazil's inflation will rise more than expected this year, but tighter monetary and fiscal policies and a slowdown in activity will ease price pressures in 2016, the central bank said on Thursday, leaving the door open for more interest rate increases. The bank continues to leave the door open for more increases, "said Thais Marzola Zara, chief...

  • Petrobras scandal pushes Rousseff coalition to the brink Wednesday, 11 Mar 2015 | 4:22 PM ET

    BRASILIA, March 11- President Dilma Rousseff can no longer count on a key ally in her ruling coalition, complicating efforts to stave off what could be the roughest patch for Brazil's economy in a quarter-century. While few expect the PMDB to formally break with Rousseff's leftist Workers' Party in coming months, such open resistance to her legislative...

  • BRASILIA, March 10- The Brazilian government agreed to a larger-than-planned income tax exemption for lower wage earners on Tuesday, avoiding an embarrassing defeat in Congress. President Dilma Rousseff in January vetoed a proposal by Congress to raise the threshold for paying income tax by 6.5 percent, which would have increased take-home pay for more...

  • BRASILIA, March 10- A former Petrobras executive told a congressional hearing in Brazil on Tuesday that the ruling political party received up to $200 million skimmed from contracts with the state-run oil company, reiterating claims made in plea bargain testimony. Pedro Barusco, a former executive at Petrobras' services division, said he had received...

  • BRASILIA, March 10- A former Petrobras executive told a congressional hearing in Brazil on Tuesday that the ruling political party received up to $200 million skimmed from contracts with the state-run oil company, publicly reiterating claims made in plea bargain testimony. Pedro Barusco, a former executive at Petrobras' services department, said he had...

  • RIO DE JANEIRO/ BRASILIA, March 9- A leader of Brazil's Congress vowed on Monday not to let his party's feud with President Dilma Rousseff damage the economy or cause the country to lose its investment grade credit rating. The comments, by Eduardo Cunha, speaker of the Chamber of Deputies and a senior figure in the PMDB Party, came as Brazilian financial markets...

  • BRASILIA, March 9- Brazil's government remains committed to austerity measures despite increasing opposition from Congress and the population at large, a top official said on Monday. Mercadante's comments came as Brazil's financial markets tumbled on Monday. Congress has pushed back in recent days against austerity measures such as an increase in payroll...

  • BRASILIA, March 8- President Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and results will only start showing at the end of this year. With the economy stalled and ties with her coalition allies in disarray due to a corruption probe at state-run oil company...

  • BRASILIA, March 8- President Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and positive results will only start showing at the end of this year. With the economy stalled and relations with her coalition allies in disarray due to a massive corruption...

  • BRASILIA, March 6- Brazil's annual inflation rate rose more than expected in February to the highest in nearly 10 years, drifting further away from the central bank's goal despite aggressive interest rate hikes and sputtering economic growth. The result, which topped even the most pessimistic of 28 forecasts in a Reuters poll, shows the unpopular shock therapy...

  • BRASILIA/ SAO PAULO, March 5- A corruption scandal at state-run oil company Petrobras has entered a volatile new phase that could lead to jail for some of Brazil's best-known politicians and business leaders while making a likely recession even worse. A prosecutor's motion on Tuesday to open investigations against 54 individuals, reportedly including the...