Tag: Dilma Rousseff

Dilma Rousseff
Thursday, March 5th 2015 - 08:23 UTC

US Judge names lead plaintiff in class-action lawsuit against Petrobras

U.S. District Judge Jed Rakoff also named Pomerantz LLP in New York as the lead counsel and ordered lawyers for both side to contact the court on March 6

A U.S. federal judge on Wednesday named a trustee of a British pension fund as the lead plaintiff in a class-action lawsuit against Brazil's state-run oil company Petrobras and its top executives.

Thursday, March 5th 2015 - 07:11 UTC

Rousseff faces a revolt in Congress from her ruling coalition main ally

Senate President Renan Calheiros, a PMDB member, threw out one of Rousseff's austerity decree for what he called procedural reasons

Brazilian President Dilma Rousseff, (and her political mentor Lula da Silva), raced on Wednesday to defuse a rebellion by legislators upset about her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras, which now threatens political stability.

Wednesday, March 4th 2015 - 06:14 UTC

Brazil's currency at its weakest since September 2004...and sliding

Brazil’s economy is expected to shrink this year, and may have contracted last year as well, while the trade deficit is ballooning

The Brazilian Real reached on Tuesday its weakest level against the dollar in more than 10 years, amid concern the country’s political and economic situation is growing worse.

Tuesday, March 3rd 2015 - 06:17 UTC

Truckers strike in Brazil still disrupting traffic in several states; soy harvest delayed

The industrial action has slowed down exports of soy beans in the midst of harvest: 600 trucks instead of the usual 3.000 are reaching Paranagua.

Striking truck drivers resumed some roadblocks in Brazil on Monday even as the government cracked down on protesters and promised to implement a law to lower toll costs and give other benefits to the transport sector.

Thursday, February 26th 2015 - 04:48 UTC

Rousseff lashes out at Moody's for downgrading Petrobras debt to junk-bonds

“It's a lack of knowledge about what's happening at Petrobras. I have no doubt this is a company with a great ability to recover without major consequences”

Brazilian President Dilma Rousseff on Wednesday said credit rating agency Moody's Investors Service downgraded state-controlled oil giant Petrobras' debt to junk-bond territory due to ignorance of the company's situation.

Wednesday, February 18th 2015 - 04:05 UTC

Web-campaign to impeach Rousseff gains ground with 2million e-petitions

Polls show 44% of Brazilians say Rousseff is doing a “bad” or “very bad” job, while 77% of interviews believe Rousseff was aware of Petrobras corruption.

Calls are growing in Brazil to impeach President Dilma Rousseff over a multi-billion dollar corruption scandal involving the state-run oil giant Petrobras. While the country celebrates its annual Carnival, with the 2015 Samba Competition wrapping up in Rio de Janeiro, there has been a growing clamor on the web and in the streets, with millions of Brazilians asking for the impeachment of their president.

Friday, February 13th 2015 - 04:13 UTC

Brazilian congress ignores Rousseff's call for spending cuts

The bill forces Rousseff to get congressional approval before cutting spending items added to the national budget by lawmakers for projects in their districts

Brazil's Congress passed legislation on Tuesday that limits the president's ability to reduce pork-barrel spending passed by lawmakers, a setback for President Dilma Rousseff's efforts to fight a fiscal deficit.

Friday, February 6th 2015 - 23:27 UTC

Market reacts negatively to Petrobras new CEO: too political and too close to Rousseff

Bendine, 51, is currently the chief executive of state-controlled Banco do Brasil and has no declared party militancy

Shares in Brazil's oil giant Petrobras plunged Friday as banking executive Aldemir Bendine, who is seen as too close to President Dilma Rousseff's party, was named the scandal-hit firm's new chief executive.

Friday, February 6th 2015 - 06:57 UTC

Brazil ruling party's treasurer questioned on the Petrobras corruption probe

 Vaccari is the most senior politician to be officially questioned in the case, which led Petrobras' CEO and senior managers to resign this week

Brazilian federal police said on Thursday they had started questioning João Vaccari Neto, the treasurer of the country's ruling Workers' Party, as a corruption probe focused on state-run oil company Petrobras widened to include political figures.

Wednesday, February 4th 2015 - 09:09 UTC

Petrobras shares soar 15% ahead of CEO's and senior managers removal

The President tried to keep Foster (R), a close friend, in command of the company as much as possible, even the CEO had filed her resignation on several occasions

Brazilian President Dilma Rousseff will replace the chief executive and other senior managers at state-run oil company Petrobras later this month in an effort to turn the page on the widening corruption scandal. Petrobras shares jumped more than 15%, their biggest one-day gain in 16 years, after Folha do Sao Paulo first reported that Rousseff intended to replace CEO Maria das Graças Foster.


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