Tag: Dilma Rousseff

Dilma Rousseff
Wednesday, February 3rd 2016 - 07:04 UTC

Harsh time for Rousseff in Congress: booing and threats of more difficulties

Rousseff's participation at the ceremony was a gesture of rapprochement toward Congress, as in previous years she had delegated the task on one of her ministers.

Brazilian Congress gave on Tuesday a harsh welcome to President Dilma Rousseff at its yearly inaugural session, booing her and threatening new “difficulties” added to the turbulent relations that prevail between the executive and legislative branches.

Wednesday, February 3rd 2016 - 06:15 UTC

Brazil airline shares soar as regulator admits opening to foreign capital

Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.

Brazilian airline shares soared nearly 30% on Monday after a newspaper report said the government may scrap limits on foreign ownership of domestic airlines to attract investment to the struggling sector. President Dilma Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.

Friday, January 29th 2016 - 04:31 UTC

Brazil unveils US$ 20bn credit plan to revive economy; 'raid' on workers' pension funds

Finance Minister Nelson Barbosa said the new credit measures were aimed at helping companies ride out a recession that could be Brazil's worst in a century.

Brazil will release 83 billion reais (US$20.4 billion) in new credit from state-run banks for farmers, builders and other businesses suffering in a shrinking economy, resuming stimulus efforts it had largely eschewed in last year's austerity drive.

Thursday, January 28th 2016 - 06:49 UTC

Brazil expected to announce massive injection of loans to revive the economy

Barbosa will make the announcement with President Dilma Rousseff as she presides over a meeting of the Council for Economic Development

Brazil’s Finance Minister Nelson Barbosa is expected to announce as much as 60bn Reais (US$15bn) in loans as the government seeks to revive growth amid the worst economic downturn in over a century.

Monday, January 25th 2016 - 10:36 UTC

Oil price plunge distorts Brazilian market and leaves Rio cash strapped

“Brent Dated” index, based on a seven-day rolling average price for crude, will be used up to the price level of $50 a barrel, said the decree signed by Rousseff

Brazil's President Dilma Rousseff approved a resolution to maintain the current system for establishing the minimum price of oil on which royalty payments are paid by state-run oil company Petrobras to local governments.

Saturday, January 23rd 2016 - 09:01 UTC

Rousseff eyeing foreign reserves to boost economy and cash strapped government

In an interview with the online news service UOL, Rousseff said she was neither for nor against using Brazil's international reserves, which total about $370 billion.

President Dilma Rousseff said on Friday that her cash-strapped government could consider tapping into Brazil's sizeable foreign reserves at a given moment, an idea that troubles investors already worried about the country's economic decline.

Monday, January 18th 2016 - 08:24 UTC

Rousseff eliminates regulations which impeded public universities working with the private sector

The law authorizes universities and public research institutions to work more freely with companies, including a mechanism giving access to public research facilities.

Full-time professors at public universities in Brazil will now be allowed to carry out research in the private sector—and get paid for it, without having to drop their academic jobs. The change is the result of a new law, signed by President Dilma Rousseff, designed to bring science and industry closer together.

Monday, January 18th 2016 - 08:11 UTC

Rousseff admits a government bailout of indebted Petrobras is a serious option

The government isn’t ruling out “evaluating” a bailout if oil prices remain weak, Ms. Rousseff said to reporters at the presidential palace

Brazilian President Dilma Rousseff admitted that a government bailout for the country’s troubled state-controlled oil company Petrobras can’t be ruled out. The company is mired in financial troubles amid a deep decline of global oil prices and a sprawling corruption scandal involving several of its former executives and its largest suppliers.

Friday, January 15th 2016 - 09:24 UTC

Desperate for funds Rousseff offers amnesty to holders of undeclared offshore assets

The law offers amnesty from prosecution to Brazilians if they bring unreported foreign funds home and pay a 30% fine in the form of tax.

Brazilian President Dilma Rousseff on Thursday signed a bill that gives amnesty to holders of undeclared offshore assets in exchange for a fine, part of efforts to cut a swelling budget gap and revive investment in the recession-hit economy. The law offers amnesty from prosecution to Brazilians if they bring unreported foreign funds home and pay a 30 percent fine in the form of tax.

Friday, January 15th 2016 - 09:13 UTC

Petrobras scandal prosecution-informer involves president Rousseff in the scheme

Cerveró claims President Rousseff personally negotiated with Senator Collor de Mello votes in Congress for top jobs in a Petrobras subsidiary

Brazilian president Dilma Rousseff, and three former heads of state have been dragged into the investigation into the huge corruption scheme in the state-run oil firm Petrobras. According to informer Nestor Cerveró, Rousseff was personally involved in negotiations for votes in Congress in exchange for top jobs in Petrobras.

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