Tag: Dilma Rousseff

Dilma Rousseff
Friday, December 12th 2014 - 06:03 UTC

Brazilian executives from leading companies formally charged for the Petrobras corruption scandal

“These people stole the pride of Brazilians,” Prosecutor-General Rodrigo Janot said at a news conference in the southern city of Curitiba

Brazilian prosecutors formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil firm Petrobras to the ruling political party and its allies.

Tuesday, December 9th 2014 - 23:08 UTC

Despite Petrobras corruption, Rousseff has strong public opinion support

Seven out of ten Brazilians believe Dilma is partly to blame for the extended corruption in the Petrobras case

Seven out of ten Brazilians believe President Dilma Rousseff has some responsibility in the Petrobras corruption scandal, which involves contractors and politicians, according to a public opinion poll from Datafolha, conducted on Dec. 2 and 3, including 2,896 interviews and published by Folha de Sao Paulo.

Tuesday, December 9th 2014 - 08:26 UTC

The man in charge of fighting corruption in Brazil resigns: “I've done my duty”

“I’ve done my duty. I’ve made my contribution. It’s time to rest,” said Hage marking international Anti-Corruption Day

Comptroller General Jorge Hage, the man in charge of fighting corruption in the Brazilian government, announced his resignation amid a widening graft scandal centered on state-run oil company Petrobras. Hage said he sent President Dilma Rousseff his resignation letter a few weeks ago, after she won re-election for a second term in office.

Monday, December 8th 2014 - 11:12 UTC

Dilma Rousseff after quick transition in Finance given the fiscal deterioration

Levy is expected to take over sometime this week and is currently working from the presidential palace

Brazil's new economic team headed by Joaquim Levy is expected to take office sometime in the next few days after the ruling coalition of President Dilma Rousseff finally managed Congress to approve a loosening of this year's budget targets including the crucial primary budget.

Thursday, December 4th 2014 - 05:09 UTC

Rousseff promises JPMorgan investors a balanced budget and full support of Levy

The new team will work “to gradually but structurally lift our primary surplus so we can stabilize and reduce the public sector's gross debt in relation to GDP”

President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.

Tuesday, December 2nd 2014 - 06:01 UTC

Rousseff names another market-friendly minister to her new cabinet

Monteiro, an industrialist and senator from Pernambuco, led Brazil's most powerful business lobby: National Industry Confederation, from 2002 to 2010.

Brazilian President Dilma Rousseff has named business leader Armando Monteiro 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.

Friday, November 28th 2014 - 06:46 UTC

New Brazilian minister pledges realistic fiscal targets and balanced economic growth

“We are not in a moment of crisis, so it is important to lay the basis for the next few years,” Levy told reporters in a first attempt to transmit confidence

Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.

Saturday, November 22nd 2014 - 09:19 UTC

Brazil committed to advance with EU/Mercosur trade negotiations

“Mercosur has been holding negotiations with the EU; we're in discussions with other countries, but we must look for a way to advance”, said Marcadante

Brazil must speed international trade agreement negotiations, said cabinet chief Aloizo Mercadante, in direct reference to Mercosur and demanding an end to internal disputes.

Saturday, November 22nd 2014 - 06:07 UTC

Rousseff expected to announce proven fiscal hawk as Finance minister

Joaquim Levy, Nelson Barbosa and Alexandre Tombini according to media will be team conducting Brazilian finances

Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.

Wednesday, November 19th 2014 - 06:57 UTC

Petrobras corruption: plea bargains with the return of 165m dollars with five accused

O'Globo said it includes Paulo Roberto Costa, a jailed former Petrobras director who exposed the massive scope of alleged payments to Brazilian politicians

Five people accused in a corruption scandal at Brazil's state oil giant Petrobras have agreed to return 165 million dollars to the public purse in plea bargains with prosecutors, a newspaper reported Tuesday.

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