Politics Dilma Rousseff

  • BRASILIA, Aug 16- Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange reserves, analysts said. "This is a change of tactic, as well as signaling that there is no problem with selling FX reserves as long as it is a measured sale," said Cleber...

  • RIO DE JANEIRO, Aug 8- A jailed former finance minister in Brazil has said in plea bargain testimony that beverage giant Ambev SA made "inappropriate payments" to former presidents Luiz Inácio Lula da Silva and Dilma Rousseff, according to a newspaper report. Brazilian newspaper Estado de S. Paulo, citing confidential court documents, said former Finance...

  • BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive as the head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after Bolsonaro publicly criticized him. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government and later was...

  • BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive to as the new head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after he was publicly criticized by Bolsonaro. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government...

  • BRASILIA, May 9- Long-term foreign investment of well over $100 billion a year is ready to pour into Brazil if the government passes business-friendly reforms, according to some economists, providing fuel for an economy that failed to take off following a brutal 2015-16 recession. Brazil ranks second only to China among emerging markets in terms of drawing...

  • BRASILIA, May 9- Long-term foreign investment of well over $100 billion a year is ready to pour into Brazil if the government passes business-friendly reforms, according to some economists, providing fuel for an economy that failed to take off following a brutal 2015-16 recession. Brazil ranks second only to China among emerging markets in terms of drawing...

  • RIO DE JANEIRO/ BRASILIA, April 12- Brazil's Petroleo Brasileiro SA canceled a diesel price hike on Friday as President Jair Bolsonaro called for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm. In comments to journalists in the northern city of Macapa, Bolsonaro defended the move, putting...

  • RIO DE JANEIRO/ BRASILIA, April 12- Brazil's Petroleo Brasileiro SA canceled a diesel price hike on Friday as President Jair Bolsonaro called for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm. In comments to journalists in the northern city of Macapa, Bolsonaro defended the move, putting...

  • BRASILIA/ RIO DE JANEIRO, April 12- Brazil's Petroleo Brasileiro SA canceled a diesel price hike on Friday at the behest of Brazilian President Jair Bolsonaro, spooking investors wary of political interference at the state-run oil firm. Preferred shares dropped 4.3 percent in Sao Paulo trading as the abrupt reversal raised doubts about pledges to separate...

  • SAO PAULO, March 29- Brazilian former President Michel Temer was hit with more graft charges on Friday, just a day after being charged in a separate corruption case, according to federal prosecutors. Federal prosecutors charged Temer and his former energy minister Wellington Moreira Franco of taking part in a bribery scheme related to the Angra nuclear power...

  • SAO PAULO, March 22- The arrest of a former Brazilian president on corruption charges is raising questions about how a Swedish consulting company won a contract to help build a nuclear power plant at the center of what prosecutors say was a massive bribery and kickback scheme. The company, now known as AF Poyry, on Thursday became the latest in a series of...

  • 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...

  • 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.

  • Brazil's former president Luiz Inacio Lula da Silva will stand trial on corruption charges, a crusading federal judge ruled on Tuesday.