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Politics Dilma Rousseff

  • SAO PAULO/ BRASILIA, Aug 21- Brazil on Monday floated a proposal to cede control of the country's biggest power utility, Eletrobras, in the boldest privatization yet by a government struggling to close a record budget deficit, sending Eletrobras' shares soaring in after-market trading. The Mining and Energy Ministry gave Centrais Elétricas Brasileiras SA, the...

  • BRASILIA, Aug 15- Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Ratings agency Standard& Poor's spared Brazil from a downgrade, saying after the announcement that it would maintain...

  • BRASILIA, Aug 14- Brazil's government delayed the announcement of looser budget targets for 2017 and 2018, previously expected for Monday, as authorities struggled to estimate revenues given strong opposition in Congress to tax hikes, five sources told Reuters. Members of Temer's economic team, including Finance Minister Henrique Meirelles, previously...

  • SAO PAULO, Aug 10- Investors in Brazil's Vale SA have overwhelmingly agreed to swap their preferred stock into common shares, handling the world's No. 1 iron ore producer a victory in a plan that will give equal votes to all shareholders and limit government meddling. Management at the Rio de Janeiro- based behemoth will discuss the matter at several conference...

  • Brazil is currently targeting a deficit of 139 billion reais before interest payments. Investors and analysts say the likely revision would only mark a blip in an otherwise solid trajectory toward fiscal austerity that has restored optimism in Brazil, Latin America's largest economy. Fernando Honorato, the chief economist at Brazil's No. 3 listed bank,...

  • RIO DE JANEIRO, July 18- Brazil's oil regulator may allow companies to apply more flexible local content rules to pre-existing exploration and production contracts, the agency chief said on Tuesday, in a bid to revive projects put on hold due to costly requirements. Decio Oddone, director of oil regulator ANP, said the agency would open a 30- day comment period on...

  • RIO DE JANEIRO, July 18- Brazil's oil regulator may allow companies to apply more flexible local content rules to pre-existing exploration and production contracts, the agency chief said on Tuesday, in a bid to revive projects put on hold by oil majors due to costly requirements. Decio Oddone, director of oil regulator ANP, said the agency would open a 30- day...

  • SAO PAULO, July 14- Neoenergia SA, whose takeover of a smaller rival will turn it into Brazil's No. 1 power utility by customers served, is working on a dual initial public offering in São Paulo and New York that could value it at up to 35 billion reais, three people with direct knowledge of the plan said. The IPO could be launched around September, when the people expect...

  • SAO PAULO, July 14- Neoenergia SA, whose takeover of a smaller rival will turn it into Brazil's No. 1 power utility by customers served, is working on a dual initial public offering in São Paulo and New York that could value it at 35 billion reais, three people with direct knowledge of the plan said. The IPO could be launched around September, when the people expect...

  • BRASILIA, July 13- The graft conviction Wednesday of former Brazilian President Luiz Inacio Lula da Silva, a front-runner for next year's presidential election, opens the door for an outsider to take power in Latin America's largest country, political experts said. Lula, a giant on the Brazilian political scene who led Brazil from 2003 to 2011, has said he wants...

  • The former union leader, who won global praise for policies to reduce stinging inequality in Brazil, faces four more corruption trials and will remain free on appeal. The verdict represented the highest-profile conviction yet in a sweeping corruption investigation that for over three years has rattled Brazil, revealing a sprawling system of graft at top...

  • The former union leader, who won global praise for policies to reduce stinging inequality in Brazil, faces four more corruption trials and will remain free on appeal. The verdict represented the highest-profile conviction yet in a sweeping corruption investigation that for over three years has rattled Brazil, revealing a sprawling system of graft at top...

  • BRASILIA, July 12- Former Brazilian leader Luiz Inacio Lula da Silva, a top contender to win next year's presidential election, was convicted on corruption charges on Wednesday and sentenced to nearly 10 years in prison. Lula was Brazil's first working-class president and remains a popular figure among voters after he left office six years ago with an 83-...

  • BRASILIA, July 12- Former Brazilian leader Luiz Inacio Lula da Silva, who rose from childhood poverty to become a two-term president, was convicted on corruption charges on Wednesday in the first of five graft trials he faces. The ruling marked a stunning fall for Lula, Brazil's first working-class president who left office six years ago with an 83- percent...

  • BRASILIA, July 5- The Brazilian government plans to sell shares in its airport operator Infraero through an initial public offering, potentially surrendering control of the agency, Transportation Minister Maurício Quintella told Reuters on Wednesday. The IPO, the latest in a series of reforms and privatizations pursued by President Michel Temer's...

  • BRASILIA, June 29- Brazil's government on Thursday lowered its annual inflation target for the first time in more than a decade, seeking to turn the page on recent double-digit jumps in consumer prices and bolster investors' confidence about future economic stability. A stronger commitment to low inflation could boost Brazil's long-term growth by reducing...

  • RIO DE JANEIRO, June 27- Shareholders of Brazil's Vale SA approved a share conversion plan on Tuesday in a move that should boost transparency, give equal votes to all shares and limit government meddling in the world's No. 1 iron ore producer. Reuters reported the plan on Jan. 19, citing people familiar with it. The plan also puts a limit to the meddling of politicians...

  • RIO DE JANEIRO, June 27- Shareholders of Vale SA on Tuesday approved a share conversion plan, its press office said, in a bid to boost transparency, give equal votes to all shares and limit the possibility of government meddling in the world's No. 1 iron ore producer. Minority holders backed the extension for up to three and a half years of an agreement by controlling...

  • SAO PAULO, June 26- A Brazilian court on Monday sentenced former finance minister Antonio Palocci to 12 years in prison for corruption and money laundering in the country's massive corruption probe known as "Operation Car Wash." The ruling by Judge Sergio Moro adds pressure on Palocci, who served as finance minister under President Luiz Inácio Lula da Silva and...

  • SAO PAULO, June 26- A Brazilian court on Monday sentenced former finance minister Antonio Palocci to 12 years in prison for corruption and money laundering in the country's massive corruption probe known as "Operation Car Wash." The ruling by Judge Sergio Moro adds pressure on Palocci, who served as finance minister under President Luiz Inácio Lula da Silva and...