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Politics Dilma Rousseff

  • BRASILIA, June 20- A Brazilian Senate committee on Tuesday rejected President Michel Temer's labor reform bill, in an unexpected blow to his administration that does not kill the pro-market proposal but shows weakening support for his agenda. "The labor reform can still be approved, but this defeat shows the government will have a really hard time to approve its...

  • BRASILIA/ SAO PAULO, June 17- Brazilian President Michel Temer denied allegations made by a billionaire businessman in a magazine interview published on Saturday that he led a corruption scheme in which politicians squeezed high-profile executives for bribes, and vowed to sue the businessman. The coming week already promises to be a tense one for Temer and...

  • SAO PAULO, June 17- Brazilian President Michel Temer led a corruption scheme in which lawmakers squeezed high-profile executives for bribes, billionaire Joesley Batista told magazine Época in an interview published on Saturday. Former speakers Eduardo Cunha and Henrique Eduardo Alves, as well as Temer's current chief of staff Eliseu Padilha and Cabinet...

  • BRASILIA, June 9- Brazil's top electoral court dismissed a case on Friday that threatened to unseat President Michel Temer for alleged illegal campaign funding in the 2014 election, when he was the running mate of impeached President Dilma Rousseff. "We cannot be changing the president of the Republic all the time, even if the people want to," said the court's chief...

  • BRASILIA, June 9- Brazil's top electoral court dismissed a case on Friday that threatened to unseat President Michel Temer for alleged illegal campaign funding in the 2014 election, when he was the running mate of impeached President Dilma Rousseff. The acquittal will help Temer retain key coalition allies who will support his fiscal reform agenda approval...

  • BRASILIA, June 9- Brazil's top electoral court on Friday was poised to toss out a case alleging that President Michel Temer used illegal campaign funding in 2014, giving the beleaguered leader some breathing room even as he faces a separate corruption investigation. One justice on Brazil's seven-member Supreme Electoral Court voted to annul the election...

  • BRASILIA, June 8- A Brazilian presidential decree raising fines on banks and other companies involved in illicit acts aims to empower the country's central bank and the securities industry watchdog to boost transparency, Finance Minister Henrique Meirelles said on Thursday. An index of financial-sector companies on the Sao Paulo stock exchange fell...

  • BRASILIA, June 8- After its chief judge urged his peers to consider Brazil's political stability, the country's top electoral court on Thursday excluded testimony of engineering company executives in an illegal campaign funding case against President Michel Temer. That would clearly be a temporary win for Temer, but analysts say it would still leave him...

  • firms@ June 8- Mexico's peso on Thursday hit its strongest level since the election of Donald Trump as U.S. president, while Brazil's currency firmed on bets a trial will not oust President Michel Temer. The peso advanced as far as 18.1625 per dollar, its strongest level since Nov. 9, when Trump's surprise victory drove the currency to a record low on fears he would rip...

  • BRASILIA, June 8- Brazil's top electoral court on Thursday excluded testimony of engineering company executives from an illegal campaign funding trial against President Michel Temer, a move that suggested it would throw out a case that had threatened to unseat him. The Supreme Electoral Tribunal voted 4-3 to exclude plea-bargain testimony of Odebrecht SA...

  • BRASILIA, June 8- The majority of judges on Brazil's top electoral court argued on Thursday to exclude testimony by construction executives on illegal campaign funding, suggesting they could throw out a case that has threatened to force President Michel Temer from office. Exclusion of the plea bargain testimonies from Odebrecht SA executives by the Supreme...

  • prompts caution@ SAO PAULO, June 8- Brazil's stocks and currency fell on Thursday in thin trading as investors remained cautious over an electoral trial that could oust President Michel Temer. The majority of judges on Brazil's top electoral court argued to exclude testimony by executives from conglomerate Odebrecht SA, potentially strengthening Temer's...

  • SAO PAULO, June 7- Brazilian stocks and currencies on Wednesday advanced after a planned reform of labor regulations cleared a hurdle in Congress, but uncertainty over the outcome of an electoral court trial that could oust President Michel Temer limited gains. Temer's proposal to loosen labor laws won approval from the Senate's economic affairs committee...

  • SAO PAULO/ BRASILIA, June 7- The Brazilian government has ordered state-controlled lender Caixa Econômica Federal to stop providing financing to a family of billionaires who accused President Michel Temer of working to obstruct a corruption probe, people familiar with the decision said on Tuesday. According to two of the people, The Temer administration...

  • SAO PAULO, June 6- Yields on Brazilian interest rate futures contracts fell on Tuesday after the minutes from the central bank's latest policy meeting reaffirmed its intention of slowing down the pace of rate cuts next month. Brazil's benchmark Bovespa stock index rose slightly, supported by rising shares of meatpacker JBS SA after its operations in...

  • BRASILIA, June 1- Brazil's economy emerged from its worst recession on record with its fastest growth rate in nearly four years, data showed on Thursday, boosting President Michel Temer's case for staying in office as he battles a corruption scandal. Brazil's gross domestic product grew 1.0 percent in the first quarter from the preceding one, matching...

  • BRASILIA, June 1- Brazil's economy emerged from its worst recession on record with its fastest growth rate in nearly four years, data showed on Thursday, boosting President Michel Temer's case for staying in office as he battles a corruption scandal. Brazil's gross domestic product grew 1.0 percent in the first quarter from the preceding one, matching...

  • BRASILIA, June 1- Brazil's economy emerged from its worst recession on record with its fastest growth rate in nearly four years, government data showed on Thursday, in some good news for President Michel Temer as he battles a corruption scandal. Brazil's gross domestic product grew by 1.0 percent in the first quarter from the preceding one, statistics agency...

  • BRASILIA, May 31- Brazil's central bank cut interest rates to a more than three-year low on Wednesday but said it was ready to dial down the pace of easing during a political crisis that threatens government efforts to plug a widening fiscal gap. Corruption allegations against President Michel Temer, which threaten to unseat the center-right politician and...

  • May 31- Brazil's scandal-plagued President Michel Temer has gained some breathing room due to an incipient economic recovery and the failure of his allies to agree on a caretaker to keep his fiscal reforms on track if he is ousted. Temer, who is being investigated for corruption by the Supreme Court, went on the offensive this week to convince Brazilians he is...