GO
Loading...

Dilma Rousseff

More

  • RIO DE JANEIRO, Jan 14- Brazilian police early on Wednesday arrested another former executive at state-run oil company Petroleo Brasileiro SA after prosecutors accused him of continued involvement in corruption and money laundering. Nestor Cervero, former international director of the company known as Petrobras, was detained at Rio de Janeiro's...

  • SAO PAULO, Jan 12- Thousands of Brazilian metalworkers marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • SAO PAULO, Jan 12- Thousands of metalworkers in Brazil marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • SAO PAULO, Jan 8- Brazil's government will limit spending to save up to 1.9 billion reais a month until Congress approves this year's budget, the planning ministry said on Thursday, in the latest austerity measure to improve its finances. President Dilma Rousseff issued a decree to limit discretionary spending to 1/ 18 of its proposed budget for 2015, reducing...

  • Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat Chrysler Automobiles, Germany's Volkswagen and U.S.-based General Motors Co and Ford Motor Co.. The prospect of another weak year for Brazil's auto industry is adding to headaches for President Dilma Rousseff as she struggles to get Brazil's economy growing again...

  • SAO PAULO, Jan 7- Workers at a Mercedes-Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes-Benz, a unit of Germany's Daimler AG,...

  • SAO PAULO, Jan 7- Workers at a Mercedes Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes Benz, a unit of of Germany's Daimler AG,...

  • BRASILIA, Jan 6- The Brazilian government plans to slow down investments at the start of the year and create a new fiscal council, a government official told Reuters on Tuesday, in another sign of fiscal restraint to regain investors' confidence. President Dilma Rousseff has vowed fiscal discipline in a second four-year term that started on New Year's Day after...

  • BRASILIA, Jan 5- Brazil's government must make difficult budget cuts to improve investor confidence and restore economic growth, the country's new Finance Minister Joaquim Levy said on Monday. He said that Brazil would see benefits such as greater business confidence, better-developed credit markets, higher levels of entrepreneurship and greater foreign...

  • BRASILIA, Jan 5- Brazil's government must focus on making difficult fiscal adjustments in order to get economic growth and investment back in gear, the country's new Finance Minister Joaquim Levy said on Monday. At his swearing-in ceremony in Brasilia, Levy said the process will require the participation of society as a whole and will involve changes to taxes...

  • RIO DE JANEIRO/ BRASILIA, Jan 2- When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide. "Petrobras has one of the most accurate accounting standards in the world," said Rousseff, who was then chairwoman of its board and is now Brazil's president.

  • BRASILIA, Jan 1- Brazil's President Dilma Rousseff began her second term Thursday vowing to rein in government spending to curb inflation and pull Latin America's largest economy out of a four-year slump. The first steps of this journey are an overhaul of public accounts, increasing domestic savings, beefing up investments and improving productivity, "...

  • Brazil's Rousseff vows fiscal austerity in second term Thursday, 1 Jan 2015 | 1:33 PM ET

    BRASILIA, Jan 1- Brazil's government will rein in public spending to allow the economy to grow again but will do so at the minimum cost for the population, President Dilma Rousseff said in her inaugural address to Congress on Thursday. "We will prove that it is possible to make economic adjustments without revoking rights or betraying past commitments," Rousseff...

  • RIO DE JANEIRO, Dec 31- Brazil's securities-market regulator CVM said on Tuesday it is investigating whether Petrobras executives failed in their legal duties to protect the state-run oil company and its investors from losses related to a giant corruption scandal. Company administrators with fiduciary duties in Brazil normally refer to top executives,...

  • BRASILIA, Dec 29- Brazil posted a primary budget deficit for a period of 12 months in November, its first in more than a decade and a threat to the government's already reduced fiscal goal for the year, central bank data showed on Monday. Brazil posted a primary budget deficit of 8.084 billion reais in November, its largest gap for that month on record.

  • Dec 26- Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives were hit with a U.S. class action lawsuit by investors in $98 billion of the company's securities over an alleged kickback and bribery scheme. The latest case was filed on Dec. 24 in Manhattan's federal court by the Labaton Sucharow law firm on behalf of the city of Providence,...

  • BRASILIA, Dec 22- Brazil's President Dilma Rousseff said on Monday she has no plans to replace the chief executive officer of state-run oil firm Petrobras, saying there was no evidence that senior management was involved in a graft scandal at the company. Speaking at a year-end breakfast with reporters in Brasilia, Rousseff also said she will take "drastic"...

  • BRASILIA/ SAO PAULO, Dec 19- Brazil pledged on Friday to suspend financial support for state development bank BNDES next year, marking a major policy shift that will help trim billions of reais in subsidies that have weighed down public finances. The decision was announced by Paulo Rogerio Caffarelli, the finance minister's No. 2 official, at the end of a...

  • SAO PAULO, Dec 18- Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at state-run oil company Petrobras, vowed on Thursday to stamp out graft at the flagship firm and place it under strict corporate governance. In a speech in the capital, Brasilia, Rousseff urged Brazilians not to lose faith in the vital oil producer,...

  • It also comes as some of Brazil's peers are moving to shield themselves from falling commodities prices and a general loss of confidence in emerging markets. After a long boom last decade, Brazil's economy has averaged less than 2 percent annual growth, with high inflation, during Rousseff's first four years in office. That mediocre record, along with...