Tag: Dilma Rousseff

Dilma Rousseff
Thursday, January 29th 2015 - 07:17 UTC

Consumer confidence in Brazil drops in January to its lowest

President Rousseff has a long, hard road ahead to get the economy rolling again

The reading of consumer confidence dropped in Brazil in January--to its lowest level ever--as the country's economy struggled. Brazil's main consumer-confidence index was at 89.8 points in January, down from 96.2 points in December, the Getulio Vargas Foundation, or FGV, said earlier this week.

Wednesday, January 28th 2015 - 07:40 UTC

Rousseff calls on fractious cabinet to embrace belt-tightening to restore growth

The president said the fiscal adjustment will be done gradually and has started with budget cuts for all ministries

Brazil's President Dilma Rousseff has urged her cabinet to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.

Tuesday, January 20th 2015 - 05:27 UTC

Heat wave in Brazil forces power cuts; to recover fragile system rates could increase by 60%

Brazilian officials have repeatedly denied the need for energy rationing, even as the driest spell in 80 years drains hydropower and forces use of thermal plants

Rolling blackouts swept across parts of Brazil as the grid operator ordered select power cuts to avoid a larger crisis, drawing attention to a fragile electric system that is buckling under the strains of record-breaking heat and dryness.

Monday, January 19th 2015 - 06:02 UTC

Rousseff 'dismayed' with Indonesia for execution of Brazilian; ambassador recalled

Archer, the first Brazilian to be executed in another country, was shot “at 3:31 p.m. Brazilian time, after spending a little more than 11 years behind bars”.

President Dilma Rousseff expressed Saturday her “dismay” and “indignation” after learning of the execution of Brazilian Marco Archer Cardoso Moreira in Indonesia and recalled her country's ambassador to Jakarta for consultations.

Saturday, January 17th 2015 - 07:49 UTC

Petrobras corruption scheme could reach 28bn dollars according to police

The criminal investigation also involves foreign companies and 750 additional infrastructure contracts, revealed Ms. Marena

The corruption scheme in Brazil's leading corporation Petrobras could exceed 28 billion dollars, making it the largest corruption scandal that the country has ever seen. The development was reported through an interview by Reuters of Brazilian police officer, Erika Marena, investigating the corruption probe.

Sunday, January 11th 2015 - 11:39 UTC

Rousseff orders ministries to cut spending by a third

The Brazilian president is committed to send a strong message to investors

Brazilian President Dilma Rousseff has instructed a budget cut which affects 39 ministries, reducing their funds by a third, in order to save a figure estimated at 703 million dollars per month.

Tuesday, January 6th 2015 - 07:32 UTC

Brazil' finance minister pledges fiscal balance and cuts in spending

Levy, educated at Chicago, is a fiscal conservative known for slashing spending during his 2003-2006 stint as treasury chief.

Brazil must focus on making difficult fiscal adjustments in order to get economic growth and investment back in gear, the country's new Finance Minister Joaquim Levy said on Monday. At his swearing-in ceremony in Brasilia, Levy said the process will require the participation of society as a whole and will involve changes to taxes and spending, without resorting to accounting shortcuts.

Wednesday, December 31st 2014 - 03:48 UTC

Cristina Fernandez travels to the south; ankle fracture convalescence could take over a month

The president has to move around in a wheelchair and must keep her leg in the air. She was pictured with some of her closest aides before flying south

Argentine President Cristina Fernandez, who is suffering from a broken ankle, left on Tuesday afternoon for Calafate in Santa Cruz province, after doctors allowed her to travel. She plans to spend New Year with the family and in good spirits twitted about the authorization, presented her smallest pet, a toy-caniche “Lolita” and announced that small pets will be allowed to travel in all domestic Aerolineas and Austral flights.

Tuesday, December 30th 2014 - 09:49 UTC

Brazil: Dilma facing new challenges for her second term in office

Dilma Rousseff faces new challenges for her new presidency starting Jan 1

Analysts agree fiscal austerity and economic growth will be among the new government's priorities.

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.

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