Tag: Dilma Rousseff

Dilma Rousseff
Friday, November 27th 2015 - 07:55 UTC

Brazilian banks follow closely events in Argentina: Dollar at 12 Pesos

Banks argue the Argentine central bank reserves are at rock-bottom and the tendency is to continue. Likewise inflation is estimated at 28%

Brazilian banks which follow closely events in Argentina and prospects of the new government under president Mauricio Macri, believe the official exchange rate of 9.67 Pesos to the dollar will inevitably have to be devalued, to 12 Pesos by the end of the year, which means a 24% depreciation.

Thursday, November 26th 2015 - 08:18 UTC

Poor report on Rousseff's performance from Brazil's central bank forecast

President Rousseff has been forced to raise taxes, cut spending and investment, and Congress members from her coalition don't accept it

Analysts expect Brazil's economy to contract by 3.15% this year and 2.01% in 2016, the Central Bank reported. The gross domestic product (GDP) estimate comes from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.

Thursday, November 19th 2015 - 07:49 UTC

Rousseff's just manages to uphold vetoes on spending bills; greater challenge in the pipeline

Opposition lawmakers failed to reach the absolute majority needed to override a veto of a bill to raise benefit payments to retirees.

Brazil's Congress has upheld President Dilma Rousseff's vetoes of two bills to raise public spending, a victory for the embattled leader as she tries to close a gaping fiscal deficit and regain investors' confidence.

Tuesday, November 17th 2015 - 09:19 UTC

Rousseff again confirms Levy as (austerity) minister despite complaints from the ruling party

”I think the president of the PT (Rui Falcao) can have whatever opinion he wishes, but that is not the opinion of the government,” said Rousseff

Brazilian President Dilma Rousseff jumped to the defense of her embattled finance minister saying she would not be pressured into sacking him. Rousseff, fighting to save her second term presidency from threatened impeachment proceedings, said she was ignoring suggestions by the head of her own Workers' Party (PT) that Joaquim Levy should be dismissed.

Friday, November 13th 2015 - 09:23 UTC

Mine disaster: Brazil fines BHP Billiton and Vale; expects companies to pay cleanup costs

Rousseff, who overflew the disaster area said the fines could be followed by penalties from other federal or state agencies.

Brazilian President Dilma Rousseff has slapped preliminary fines worth 250 million Reais ($94 million) against a BHP Billiton-Value owned mine in Minas Gerais state where two dams burst, killing at least seven people.

Monday, November 2nd 2015 - 08:26 UTC

Lula urges ruling party to support austerity measures and minister Levy

Lula said Brazil had no alternative but to tighten belts to pull the economy out of its deepest slump in decades: “the party's future depended on it”.

Former Brazilian president Lula da Silva urged the ruling Workers' Party to back fiscal austerity measures in Congress, endorsing the efforts of Finance Minister Joaquim Levy to plug a gaping deficit. Members of Lula's party have opposed moves by Lula's protégée, President Dilma Rousseff, to cut public spending and social benefits as she strives to balance overdrawn accounts and restore investor confidence in Brazil.

Friday, October 23rd 2015 - 08:30 UTC

Rousseff admits massive budget deficit this year; estimates are of 9% of GDP

Chief of staff Jaques Wagner admitted a record massive shortfall this year as a deepening economic and political crisis drags on revenues

Brazil has given up on its goal of seeking a primary budget surplus this year and instead will record a massive shortfall as a deepening economic and political crisis drags on revenues, presidential chief of staff Jaques Wagner said on Thursday. Brazil's overall budget deficit has soared to 9% of GDP, according to estimates.

Thursday, October 22nd 2015 - 07:26 UTC

Brazil's opposition files new impeachment petition against Rousseff

“We are confident that the lower house speaker (Cunha) now has all the elements he needs to accept an impeachment process”, said Sampaio

Brazil's opposition filed a new impeachment petition against President Dilma Rousseff on Wednesday, accusing her of illegal accounting practices. The much-anticipated petition, whose authors include a founder of Rousseff's Workers' Party, was handed over to congressional lower house speaker Eduardo Cunha.

Sunday, October 18th 2015 - 07:27 UTC

Rousseff's reelection campaign alleged irregularities, investigated by federal police

The probe opened on 7 Oct, on a decision by Superior Electoral Court Justice Gilmar Mendes

Brazil's federal police have opened a preliminary investigation into alleged irregularities in President Dilma Rousseff's re-election campaign last year. According to the media office of the federal police, the probe was opened on 7 October, following a decision by Justice Gilmar Mendes from the Superior Electoral Court to look into allegations of wrongdoing by the Rousseff campaign.

Saturday, October 17th 2015 - 06:30 UTC

Lula da Silva questioned for 90 minutes on allegations of influence peddling

In a statement, the Instituto Lula da Silva said the former president voluntarily appeared for 90 minutes at the federal public prosecutor's office in Brasilia.

Brazilian ex-President Lula da Silva, who allegedly used his influence to aid a leading domestic engineering group after leaving office, voluntarily testified on Thursday before federal prosecutors during an hour and a half, his foundation said.


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