GO
Loading...

Dilma Rousseff

More

  • 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,...

  • 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...

  • SAO PAULO, Feb 11- Brazilians are hoarding water in their apartments, drilling homemade wells and taking other emergency measures to prepare for forced rationing that appears likely and could leave taps dry for up to five days a week because of a drought. Other cities in Brazil's heavily populated southeast such as Rio de Janeiro face less dire shortages but...

  • RIO DE JANEIRO, Feb 10- The new chief executive officer of Brazil's Petrobras said on Tuesday that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruption scandal. In his first public statements since he was named CEO on Friday, Aldemir Bendine said no decision had been...

  • BRASILIA, Feb 10- Brazil's Congress passed legislation on Tuesday that limits the president's ability to reduce pork-barrel spending passed by lawmakers, a setback for President Dilma Rousseff's efforts to fight a fiscal deficit. The bill forces the government to get congressional approval before cutting spending items added to the national budget by...

  • BRASILIA, Feb 10- For the first time since a corruption scandal erupted at Brazil's state-run oil company Petrobras last year, senior opposition politicians are publicly floating the possibility of impeaching President Dilma Rousseff. The scheme continued after she became Brazil's president in 2011.. However, a steady stream of arrests and new revelations...

  • RIO DE JANEIRO, Feb 9- Brazil's state-run oil company Petroleo Brasileiro SA announced on Monday that Deyvid Souza da Silva, a member of a pro-government union, was elected to represent its unionized employees on the board of directors. Silva defeated the current board member Silvio Sinedino, who last week voted against the board's appointment of the new chief...

  • RIO DE JANEIRO, Feb 9- By picking a banker instead of an oil executive to run Petrobras, Brazilian President Dilma Rousseff appears to have recognized that the state-run company's biggest priority is to clean up its books and acknowledge how many billions of dollars it lost to a corruption scheme in recent years. While some voice respect for Bendine, who was...

  • RIO DE JANEIRO, Feb 6- Petroleo Brasileiro SA'S new chief executive was appointed without properly consulting independent directors and does not have the support of the full board, two board members said on Friday. Mauro Cunha, who represents minority shareholders on the 10- member board, said he read news reports that former Banco do Brasil CEO Aldemir Bendine,...

  • While many investors had hoped for a more independent figure, President Dilma Rousseff opted instead on Friday to choose a loyal footsoldier who has worked at the country's largest bank by assets, Banco do Brasil from the age of 15, eventually becoming its CEO. Like Petrobras, Banco do Brasil is a hybrid- run by the government, but also accountable to...

  • BRASILIA, Feb 6- Brazil's President Dilma Rousseff tapped a confidant from a state-run bank to be the next chief of Petrobras, government sources said Friday, disappointing investors who were hoping for a more independent and market-friendly figure to help steer the oil company out of a severe corruption scandal. Shares of the company slumped nearly 7 percent...

  • SAO PAULO, Feb 5- Brazilian federal police said on Thursday they had started questioning João Vaccari Neto, the treasurer of the country's ruling Workers' Party, as a corruption probe focused on state-run oil company Petrobras widened to include political figures. Police and prosecutors have accused former executives of Petroleo Brasileiro SA of...

  • "We want to know about donations that he solicited, legal or illegal, from people who had contracts with Petrobras," prosecutor Carlos Fernando dos Santos Lima said at a press conference in Curitiba, where the probe is based. Police and prosecutors have found evidence that former Petrobras executives and firms that had contracts with the company funneled...