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Dilma Rousseff

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  • SAO PAULO, Dec 3- In a sign of the distortions plaguing Brazil's stagnant economy, a wide range of companies are sharply cutting back output of their main products to instead sell electricity back into the national grid because it is more profitable. Usiminas, Brazil's biggest producer of flat steel, said in its latest earnings report that revenues from...

  • BRASILIA, Dec 2- A former Petrobras executive at the center of an alleged multibillion-dollar graft scheme involving the state-run oil company said on Tuesday that similar bribery and kickback schemes are prevalent in many Brazilian public-infrastructure projects. "What has been reported occurring at Petrobras happens all over Brazil in contracts for...

  • BRASILIA, Dec 1- Brazilian President Dilma Rousseff named business leader Armando Monteiro on Monday to head the industry and trade ministry in a new sign of more market-friendly policies as she tries to restore investor confidence and reignite economic growth. Monteiro, an industrialist and senator from the northern state of Pernambuco, led Brazil's most...

  • BRASILIA, Nov 27- Incoming finance minister Joaquim Levy faces tough hurdles, including resistance from within the ruling party, as he sets out to restore order to Brazil's messy public accounts, regain investor confidence and get a stagnant economy moving again. Levy's biggest challenge will be to convince skeptical investors that Brazil has a viable plan to...

  • BRASILIA, Nov 28- Brazil's economy pulled out of a brief recession in the third quarter due to a spike in public spending before presidential elections, suggesting growth could be short-lived as the government now plans to tighten policy. That stimulus is set to end in coming quarters as re-elected President Dilma Rousseff reins in spending to restore market...

  • BRASILIA, Nov 27- Brazil's incoming finance minister Joaquim Levy promised more realistic fiscal targets and balanced economic growth on Thursday, aiming to rebuild investor confidence after years of weak growth and erratic economic policies. A former executive at Banco Bradesco with a reputation for fiscal discipline, Levy is expected to roll back costly...

  • SAO PAULO, Nov 26- Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years. That way, he hopes to gather as much information as possible before the case goes to the Supreme Court, which under...

  • "There was pressure from high commodity prices that led some growers to plant soy in illegally deforested areas," Teixeira said after signing the moratorium, which runs through May 2016, with a group of Brazil's largest soy exporting and processing firms. "Clearly, soy is not a driver behind Amazon deforestation," said Carlo Lovatelli, president the Brazilian...

  • SAO PAULO, Nov 25- When Brazilian President Dilma Rousseff first considered replacing Finance Minister Guido Mantega two years ago, a top aide confided that any good candidate for the job would have to meet two requirements. Levy, an executive at local bank Bradesco SA, is seen by most investors as a strong choice to try to restore confidence after four years of...

  • BRASILIA, Nov 25- Brazilian President Dilma Rousseff will likely name banker Joaquim Levy as her new finance minister on Thursday as well as announce the rest of her second-term economic team, a government official told Reuters on Tuesday. Levy, a University of Chicago-trained economist and a fiscal hawk, is expected to take over the ministry on Dec. 1, the...

  • RIO DE JANEIRO, Nov 24- Brazil's state-run oil firm Petroleo Brasileiro SA said on Monday it had received a subpoena from the U.S. Securities and Exchange Commission asking for documents relating to an investigation it is pursuing. Petrobras did not provide details as to what documents the SEC had requested. The SEC investigation adds one more strand to a...

  • SAO PAULO, Nov 23- Brazilian President Dilma Rousseff's new, still unconfirmed economic team is preparing budget cuts for 2015 that will be announced next week, newspaper Folha de S. Paulo reported on Sunday. Three of the country's leading newspapers reported on Friday that Rousseff will appoint Joaquim Levy, head of the asset management arm of Brazil's...

  • BRASILIA, Nov 21- Brazilian President Dilma Rousseff will name banker Joaquim Levy as her new finance minister, three leading newspapers reported on Friday, signaling a shift toward more market-friendly policies that could breathe life into a stagnant economy. Levy, head of the asset management arm of Brazil's second largest private bank Bradesco SA and a...

  • BRASILIA, Nov 21- Brazilian President Dilma Rousseff will name respected banker Joaquim Levy as her new finance minister, two leading newspapers reported on Friday, signaling a shift toward more market-friendly policies that could breathe life into a stagnant economy. The University of Chicago-trained economist is a proven fiscal hawk who helped Brazil...

  • SAO PAULO/ BRASILIA, Nov 21- President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo...

  • SAO PAULO/ BRASILIA, Nov 21- Respected Brazilian banking executive Joaquim Levy is among three finalists to become the country's next finance minister, and President Dilma Rousseff could announce her pick later on Friday, a government official said. Levy is chief executive officer of Bradesco Asset Management, an arm of Banco Bradesco SA, the nation's...

  • CURITIBA, Brazil, Nov 20- In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run oil firm Petrobras is described by allies and even rivals as perfectly suited to the task. Moro, 42, is now pushing forward a case that has already seen dozens of arrests of major...

  • BRASILIA/ SAO PAULO, Nov 20- The chief executive of Brazilian bank Bradesco SA will not be the country's next finance minister, a government official told Reuters on Thursday, after two local newspapers reported he turned down the job in a major setback for recently re-elected President Dilma Rousseff. Since winning a runoff vote on Oct. 26, Rousseff has yet to name...

  • BRASILIA, Nov 20- Luiz Carlos Trabuco, the head of Bradesco SA, Brazil's second largest private bank, is expected to turn down an offer to be President Dilma Rousseff's new finance minister, two local newspapers reported on Thursday.

  • BRASILIA, Nov 20- Luiz Carlos Trabuco, the head of Brazil's second largest private bank Bradesco SA, has emerged as President Dilma Rousseff's first choice for finance minister as she tries to rebuild the trust of investors to revive a stagnant economy. Trabuco has a good reputation in Brazil's business world and his nomination would signal that Rousseff might...