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Dilma Rousseff

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  • Brazil's lower house passes second austerity bill Wednesday, 13 May 2015 | 7:22 PM ET

    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...

  • LONDON, May 13- Brazilian Finance Minister Joaquim Levy said on Wednesday that he expected the country's economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. "Brazil is going through a period of economic adjustment. The IMF said on Tuesday that Brazil must do more to achieve its...

  • BRASILIA, May 12- Brazil must do more to achieve its 2015 fiscal savings goal and needs deep economic reforms to foster stronger growth, the International Monetary Fund said on Tuesday. In its annual assessment, the IMF cited government missteps that have dragged the once-booming Brazilian economy toward an expected recession this year, but it endorsed the...

  • Brazil must do more to meet key budget target -IMF Tuesday, 12 May 2015 | 5:34 PM ET

    BRASILIA, May 12- Brazil must do more if it is to meet its main budget surplus goal this year, and deep economic reforms are necessary to foster stronger growth in the future, the International Monetary Fund said on Tuesday. The IMF said further measures will be needed to meet this year's primary budget surplus target of 1.2 percent of Brazil's gross domestic...

  • SAO PAULO, May 12- An epidemic of dengue fever is fanning public anger over what Brazilians say is President Dilma Rousseff's biggest challenge- the sad state of the national healthcare system. Health Minister Arthur Chioro has blamed the outbreak in part on a severe drought in Brazil's southeast, an area including Sao Paulo where dengue has been most prevalent.

  • BRASILIA, May 11- Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters. A fiscal austerity push that cut government financing has forced President Dilma...

  • BRASILIA/ SAO PAULO, May 8- Brazil Finance Minister Joaquim Levy's four-month-old austerity plan is encountering growing resistance in Congress, as some legislators say his policies may deepen a looming recession. This week, leaders in President Dilma Rousseff's own Workers' Party refused to pass a reduction in social welfare benefits designed to save the...

  • Brazil lower house passes key fiscal adjustment measure Wednesday, 6 May 2015 | 10:10 PM ET

    BRASILIA, May 6- A measure that reduces the cost of social welfare benefits narrowly cleared the lower chamber of Brazil's Congress on Wednesday night in a tense victory for President Dilma Rousseff's efforts to cut a fiscal deficit and restore investor confidence. Lawmakers voted 252-227 to pass the bill that toughens conditions for jobless Brazilians to...

  • SAO PAULO, May 4- Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision last week to release from jail nine executives at construction companies suspected of paying bribes in the scheme, and put them...

  • *Brazil's Rousseff to visit Washington in June. BRASILIA, April 30- After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Although it is too early to launch a full-out trade dispute, Brazil plans to apply pressure on...

  • BRASILIA, April 30- The Brazilian government recorded its smallest primary budget surplus for the month of March in five years, missing estimates by a long shot and putting into question its ability to meet its key fiscal goal this year and restore investor confidence. The disappointing surplus was a blow to Finance Minister Joaquim Levy, who has vowed to fix...

  • SYDNEY, April 30- A Brazilian man executed in Indonesia for drug trafficking who was diagnosed with schizophrenia and bipolar disorder did not understand what was happening to him until his final moments, a priest assigned as his spiritual adviser told Australia's ABC radio on Thursday. Brazil had made repeated personal pleas for Indonesia to commute his...

  • BRASILIA, April 29- Brazil again steeply raised interest rates on Wednesday to convince investors that the government is serious about reining in runaway prices, despite fears that aggressive tightening will make an expected recession worse. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as...

  • BRASILIA, April 29- Brazil opted for another steep interest rate hike on Wednesday to convince investors that the government is serious about reining in runaway prices despite fears of a recession. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as India and Turkey, both with rates at 7.5 percent.

  • BRASILIA, April 28- Brazil's jobless rate rose to a three-year high in March and wages fell at the sharpest pace in more than a decade, data showed on Tuesday, as the economy headed into a likely recession. The unemployment rate in Brazil's six largest cities rose to 6.2 percent in March from 5.9 percent in the previous month- the highest in three years, statistics...

  • WILMINGTON, Delaware, April 28- Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. The case, filed in Manhattan federal court in December by a group of large investors, alleges $98...

  • SAO PAULO, April 27- Private-equity firm Carlyle Group LP agreed on Monday to pay 1.75 billion reais for a stake in Rede D'Or São Luiz SA, Brazil's largest hospital chain, a source with direct knowledge of the deal said. Washington, D.C.- based Carlyle acquired the stake through a capital increase, with controlling shareholder and Chairman Jorge Moll and Grupo BTG...

  • REUTERS BUSINESS NEW SCHEDULE AT 1500 GMT/11 AM ET Monday, 27 Apr 2015 | 11:00 AM ET

    Editor: Alden Bentley +646 223 6200. Cap Gemini to buy U.S.-based IGATE for $4 bln, raises 2015 outlook. PARIS- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company says.

  • BRASILIA, April 27- Brazil's government plans over time to remove tariffs on high-end capital goods in a bid to boost productivity and breathe life into its flailing economy, an adviser to President Dilma Rousseff told Reuters. Strategic Affairs Minister Roberto Mangabeira Unger, a Harvard philosophy professor tasked by Rousseff with laying out a new...

  • BRASILIA, April 24- Brazil is unlikely to have new railway projects in its plan to lure private investment to improve the country's aging infrastructure and aid the stagnant economy. Although the concession plan is expected to be smaller than the three previous ones in 2012, 2013 and 2014, President Dilma Rousseff hopes fresh investment will help offset the...