Politics Dilma Rousseff

  • SAO PAULO/ RIO DE JANEIRO, March 8- Five years after Brazilian prosecutors exposed a long-running bribes-for-contracts racket at state-run oil firm Petrobras, the company is proclaiming it has cleaned up its act. It has run TV spots touting its whistleblower hotline as well as a compliance department created in the wake of Brazil's epic "Car Wash" corruption...

  • BRASILIA, Dec 6- Brazilian President Michel Temer said on Thursday his government will leave a primary budget deficit of less than 130 billion reais when he hands over the reins to President-elect Jair Bolsonaro on Jan. 1. Temer said he expects Bolsonaro's incoming government to follow its fiscal austerity policies and maintain a spending ceiling, which was...

  • BRASILIA/ RIO DE JANEIRO, Nov 22- A top aide to Brazilian president-elect Jair Bolsonaro said on Thursday the new government would adopt concession contracts for lucrative pre-salt oil auctions, raising concerns that talks to change the regime would drag and derail much-needed investment. Investors are eager to win a bigger slice of Brazil's oil prize, but the...

  • BRASÍLIA, Nov 12- Brazil's top appeals court on Monday ordered the release of one of meat processor JBS' controlling shareholders, Joesley Batista, and Ricardo Saud, a lawyer for J&F Investimentos, which controls JBS. JBS shares were virtually unchanged in late afternoon trade at the Sao Paulo stock exchange, at 9.95 reais. Neri Geller, who served as agriculture...

  • RIO DE JANEIRO, Nov 12- World Bank chief financial officer and former Brazilian finance minister Joaquim Levy has accepted far-right President-elect Jair Bolsonaro's offer to lead state development bank BNDES, Bolsonaro adviser Paulo Guedes said on Monday. "With extensive experience in public management and a PhD in economics from the University of...

  • RIO DE JANEIRO/ SÃO PAULO, Nov 9- Police arrested a controlling shareholder of meatpacker JBS SA and two former Brazilian agriculture ministers on Friday in connection with an investigation into illegal campaign contributions. Antonio Andrade and Neri Geller, who served consecutively as agriculture ministers under former President Dilma Rousseff, were...

  • RIO DE JANEIRO/ SAO PAULO, Nov 9- Brazilian police arrested one of the controlling shareholders of meatpacker JBS SA on Friday in connection with an ongoing police inquiry into illegal campaign contributions while a local news outlet reported two former agriculture ministers were also arrested. Antonio Andrade and Neri Geller, who served consecutively as...

  • SAO PAULO, Oct 31- The victory of Brazil's far-right presidential candidate Jair Bolsonaro has battered the country's leftist Workers Party, which is now looking for a way to rebuild. For millions of Brazilians, the PT, as the Workers Party is known, has become synonymous with corruption and mismanagement. Former President Luiz Inacio Lula da Silva- whom Barack...

  • BRASILIA, Oct 23- The man who will likely be Brazil's next Defense Minister greeted two reporters waiting outside the door, then politely sent them packing. Their ascension has many here worried about a return to the days when the armed forces called the shots in Brazil. Most of Bolsonaro's inner circle have retained close ties to Brazil's current military...

  • RIO DE JANEIRO, Oct 15- Brazil's far-right presidential front-runner Jair Bolsonaro could revise the country's model of production-sharing contracts in its coveted pre-salt oil fields if he wins this month's election, newspaper Valor reported on Monday. Brazil's production-sharing contract model for its pre-salt oil fields was rolled out by the leftist...

  • BRASILIA, Oct 4- Whoever wins Brazil's presidential race this month will inherit a fiscal straight jacket and a drifting economy in urgent need of repair- but will have no governing coalition in Congress to pass reforms. On Sunday, Brazilians will vote for the president, all 513 members of the lower house of Congress, and two-thirds of the 81- member Senate.

  • BRASILIA, Sept 27- On a visit to Israel two years ago, far-right Brazilian lawmaker Jair Bolsonaro leaned back into the River Jordan in a white robe to be baptized in the arms of a fellow congressman and evangelical pastor. While still an avowed Catholic, Bolsonaro is riding a wave of support from Brazil's evangelical Christians, who have helped make him the...

  • BRASILIA, Sept 27- On a visit to Israel two years ago, far-right Brazilian lawmaker Jair Bolsonaro leaned back into the River Jordan in a white robe to be baptized in the arms of a fellow congressman and evangelical pastor. While still an avowed Catholic, Bolsonaro is riding a wave of support from Brazil's evangelical Christians, who have helped make him the...

  • Brazil's thriving fintech sector has managed to defy the country's political and economic turmoil.

  • Former Brazilian President Dilma Rousseff speaks during a media conference at Uruguay's Frente Amplio party's headquarters in Montevideo, November 4, 2016.

    "This was not something that happened by surprise. It had a clear goal," former Brazilian President Dilma Rousseff says.

  • expecting more calm waters after rousseff's impeachment

    Mario Garnero, chairman and founder of Brasilinvest, discusses the fight against corruption in Latin America.

  • Former billionaire Eike Batista waits inside a court for the start of his insider-trading trial in Rio de Janeiro, Brazil, on Tuesday, Nov. 18, 2014.

    Eike Batista, once Brazil's richest man, was detained in connection to charges including an alleged $16 million bribe to a former governor.

  • Sao Paulo skyline

    Brazil continues to deliver hefty returns on its stocks, even weathering a deep economic downturn.

  • People walk past an electronic board showing the graph of the recent fluctuations of market indices at the floor of Brazil's BM&F Bovespa Stock Market in downtown Sao Paulo, Brazil, May 9, 2016.

    Brazilian equities continued their climb higher on Monday, hitting their highest level in more than four years.

  • People in front of the Central Bank of Brazil in Brasilia protest against the payment of public debt by the government.

    Brazil cut interest rates for the first time in four years on Wednesday, opting for a modest 25 basis-point reduction to launch an easing cycle.