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Dilma Rousseff

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  • RIO DE JANEIRO, Feb 4- Investors betting that a long-awaited management change at Brazil's Petrobras will result in a swift rebound of the state-run oil company's fortunes are likely to be disappointed. Even with changes at the top, there is little sign that Petroleo Brasileiro SA, as the company is formally known, will quickly recover from Brazil's...

  • RIO DE JANEIRO, Feb 4- Investors betting that a long-awaited management change at Brazil's Petrobras will result in a swift rebound of the state-run oil company's fortunes are likely to be disappointed. Even with changes at the top, there is little sign that Petroleo Brasileiro SA, as the company is formally known, will quickly recover from Brazil's...

  • RIO DE JANEIRO, Feb 4- The chief executive and other senior management at Brazil's Petrobras resigned on Wednesday amid a festering corruption scandal, unleashing a scramble to find replacements capable of restoring investor confidence in the state-run oil company. Rousseff had already asked Finance Minister Joaquim Levy, a University of Chicago-trained...

  • RIO DE JANEIRO, Feb 4- The chief executive and other senior management at Brazil's Petrobras resigned on Wednesday amid a festering corruption scandal, sending shares higher as the government scrambled to find replacements capable of restoring investor confidence in the state-run oil company. Petrobras shares rose more than 6 percent in early trading in...

  • SAO PAULO, Feb 4- Any revival in initial public offerings in Brazil seems to hinge on whether new Finance Minister Joaquim Levy can clean up public finances and get the country's economy back on track. Strengthening the market for new listings depends increasingly on how much leeway President Dilma Rousseff will give the University of Chicago-trained...

  • BRASILIA, Feb 3- Brazilian President Dilma Rousseff will replace the chief executive and other senior managers at state-run oil company Petrobras this month in an effort to turn the page on a widening corruption scandal, a government source said on Tuesday. Presidential spokesman Thomas Traumann denied the report and later said after a meeting between...

  • BRASILIA, Feb 3- Brazil's government is putting global bond sales on hold due to a widening corruption scandal at state-run oil company Petrobras, a member of President Dilma Rousseff's economic team said on Tuesday. Brazil's last foreign debt sale, in September, was a $1 billion reopened offering of dollar-denominated global bonds due in January 2025.

  • RIO DE JANEIRO, Feb 3- Petrobras shares jumped more than 15 percent on Tuesday, their biggest one-day jump in 16 years, after a local newspaper reported that Brazilian President Dilma Rousseff has decided to replace the chief executive officer of the embattled state-run oil company. The presidential press office denied the report in Folha de S.Paulo, but...

  • RIO DE JANEIRO, Feb 3- Shares of Brazil's state-run oil company Petrobras rose more than 15 percent on Tuesday, their biggest one-day jump in 16 years, after a local newspaper reported the country's President Dilma Rousseff has decided to replace the embattled company's chief executive officer. Rousseff's press office denied the report in Folha de S.Paulo, but...

  • BRASILIA/ SAO PAULO, Feb 3- A severe drought is accelerating Brazil's expected descent into recession, adding to President Dilma Rousseff's woes as she takes unpopular austerity measures and faces economic fallout from a corruption scandal at state-run oil company Petrobras. The minister, who asked not to be named, said water rationing looks inevitable in the...

  • RIO DE JANEIRO, Feb 3- Shares of state-run oil company Petrobras jumped more than 12 percent on Tuesday after a local newspaper reported Brazilian President Dilma Rousseff has decided to replace the embattled company's chief executive officer. Petroleo Brasileiro SA, as Petrobras is formally known, declined to comment. Police say they have uncovered a...

  • RIO DE JANEIRO, Feb 3- Shares of Brazilian state-run oil company Petrobras jumped more than 8 percent on Tuesday after a local newspaper reported that President Dilma Rousseff decided to replace the embattled company's chief executive officer, Maria das Gra├žas Foster. Petroleo Brasileiro SA, as Petrobras is formally known, did not immediately respond to...

  • Brazil's Congress elects Rousseff critic as speaker Sunday, 1 Feb 2015 | 6:39 PM ET

    BRASILIA, Feb 1- Brazil's Congress elected a conservative as speaker of the Chamber of Deputies on Sunday in a setback for the ruling Workers' Party that split President Dilma Rousseff's coalition and will complicate her legislative agenda. Eduardo Cunha belongs to Brazil's largest party, the PMDB, Rousseff's main ally in the governing coalition, but he...

  • BRASILIA, Jan 30- Brazil fell far short of its main fiscal target in 2014, underscoring the uphill battle that President Dilma Rousseff faces to shore up public accounts to prevent a credit downgrade as recession risks loom. Brazil posted a primary budget deficit of 32.536 billion reais for last year, equal to 0.63 percent of gross domestic product, the central...

  • BRASILIA, Jan 30- Brazil fell way short of its main fiscal target in 2014, underscoring the daunting uphill battle that President Dilma Rousseff's new economic team faces to shore up public accounts and prevent a credit rating downgrade. Brazil posted a public sector primary budget deficit of 32.536 billion reais for last year, equal to 0.63 percent of gross...

  • BRASILIA, Jan 29- Brazil's government has no preferred model for consolidation of the country's telecom market, a source told Reuters on Thursday, leaving behind the days when Brazilian telecom company Oi SA was held up as a "national champion." Oi has been in talks with Spain's Telefonica SA and Mexico's America Movil SAB about making a joint bid to buy rival TIM...

  • SAO PAULO, Jan 29- Banco Bradesco SA, Brazil's second-biggest private sector bank, on Thursday forecast lower lending growth for this year than it estimated for 2014, highlighting the economic headwinds facing Latin America's largest economy. The forecast highlights increased caution as Brazil's economic imbalances and growing skepticism over...

  • BRASILIA, Jan 27- Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term. Rousseff pressed the need to clean up the government's overdrawn accounts by reining in waste and doing more with less, a change of economic policy that...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...

  • BRASILIA, Jan 21- Brazil hiked interest rates on Wednesday to maintain its aggressive pace of monetary tightening, leaving the door open for more rate hikes in an effort to arrest high inflation and regain the trust of investors. However, a widening fiscal gap and the rapid pace of inflation has forced Brazil's central bank to row against the current tide of...