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Dilma Rousseff

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  • BRASILIA, March 13- Brazil will provide an extra 4 billion reais this year to help power distributors struggling with surging power costs caused by a drought and allow gradual electricity rate hikes next year, authorities announced on Thursday.

  • By 2017, global carmakers will be set up to build 6 million vehicles a year in Brazil even as local sales may struggle to pass 4 million, analysts say. "Everyone jumped on the bandwagon," said IHS Automotive analyst Guido Vildozo, citing oversized ambitions in Brazil after sales averaged 10 percent growth in the past decade.

  • Brazil's president faces revolt by coalition allies Wednesday, 12 Mar 2014 | 9:00 PM ET

    BRASILIA, March 12- The rift between President Dilma Rousseff and her main political allies widened on Wednesday one day after they voted in Congress to look into bribery allegations leveled at Brazil's state-run oil company Petrobras.

  • President Dilma Rousseff, or whoever wins the election, will have to make deep budget cuts, raise taxes and take other painful steps to address Brazil's growing financial imbalances. Economists currently expect Brazil's gross domestic product to grow 1.68 percent this year, and 2 percent in 2015, according to a weekly survey by the central bank.

  • BRASILIA/ SAO PAULO, March 11- Brazil's lower house of Congress approved on Tuesday the creation of a special committee to monitor any probes in the Netherlands of allegations that a Dutch company paid bribes to officials at state-run oil company Petrobras.

  • RIO DE JANEIRO/ BRASILIA, March 6- Brazil's central bank said on Thursday it will remain vigilant to minimize the risk of high inflation despite some moderation in price increases, signaling it may not be done raising interest rates just yet.

  • BRASILIA, Feb 28- Brazil's consolidated primary budget surplus narrowed in January from a year ago, marking a weak start for the government's effort to boost savings and regain credibility with investors this year. "The government got off on the wrong foot with this result," said Flavio Serrano, senior economist with Espirito Santo Investment Bank in Sao Paulo.

  • RIO DE JANEIRO/ LONDON, Feb 28- Ukraine's hryvnia jumped as much as 10 percent on Friday on hopes of a loan from the International Monetary Fund, while the Brazilian real slid 0.5 percent after the latest budget data poured cold water on hopes that the country would halt a deterioration in its fiscal performance.

  • SAO PAULO/ BRASILIA, Feb 27- Brazil's economy ended 2013 on a upbeat note thanks to strong consumer spending and investment, providing a much-needed boost to President Dilma Rousseff as she tries to rebuild her credibility with business leaders and win re-election in October.

  • SAO PAULO, Feb 27- Brazil's economy ended 2013 on a positive note thanks to strong consumer spending and investment, providing a much-needed boost to President Dilma Rousseff as she tries to rebuild her credibility with investors and win reelection in October.

  • SAO PAULO, Feb 27- Brazil's economy avoided a recession with a surprising recovery in the final months of last year, but falling industrial output highlighted yet again the fragile state of one of the world's largest emerging markets.

  • SAO DESIDERIO, Brazil, Feb 27- Brazilian farmers are battling a voracious caterpillar that likely arrived from Asia, challenging the agricultural superpower's widely touted mastery of tropical farming just as it is on the verge of becoming the world's top soybean producer.

  • BRASILIA, Feb 26- Brazil slowed the pace of monetary tightening on Wednesday, signaling it may be near the end of a rate-hiking cycle that threatened to tip Latin America's largest economy into a recession. The central bank is signaling that it is ready to end the cycle, "said Andre Perfeito, chief economist at Gradual Investimentos in Sao Paulo.

  • BRASILIA, Feb 26- Brazil raised interest rates by 25 basis points to 10.75 percent on Wednesday, taking advantage of a reprieve in inflation to slow the pace of monetary tightening and avoid smothering an economy close to recession.

  • Hackers target Brazil's World Cup for cyber attacks Wednesday, 26 Feb 2014 | 10:58 AM ET

    SAO PAULO, Feb 26- Brazilian hackers are threatening to disrupt the World Cup with attacks ranging from jamming websites to data theft, adding cyber warfare to the list of challenges for a competition already marred by protests, delays and overspending.

  • BRASILIA, Feb 26- Brazil will likely raise interest rates for the eighth straight time on Wednesday but slow the pace of monetary tightening as inflation eases and Latin America's largest economy flirts with recession. A smaller rate hike would be a relief to Rousseff, who has watched Brazil's economy slow to a crawl since taking office in January 2011.

  • BRASILIA, Feb 26- Brazil will likely raise interest rates for the eighth straight time on Wednesday but slow the pace of monetary tightening as inflation eases and Latin America's largest economy flirts with recession. A smaller rate hike would be a relief to Rousseff, who has watched Brazil's economy slow to a crawl since taking office in January 2011.

  • RIO DE JANEIRO/ LONDON, Feb 25- Brazil's real on Tuesday gained for a fifth session in a row as investors turned less pessimistic on the country's fiscal prospects, but Turkey's lira hit a two-week low versus the dollar after the latest twist in a government corruption scandal.

  • *Cosan's Rumo would name most of the board, have control. The planned takeover, which Cosan officials expect ALL's board and shareholders to approve, would create a new logistical giant in a country where access to cheap transportation infrastructure comes at a premium.

  • SAO PAULO, Feb 24- Deutsche Bank AG agreed on Monday to pay $20 million to settle charges in Brazil that Europe's largest investment bank by revenue helped manage funds embezzled by former city of São Paulo officials in the 1990 s, a prosecutor said on Monday.