Brazil

Wednesday, December 9th 2015 - 21:03 UTC
Brazil highest court freezes special impeachment committee; gives Rousseff a week's break

Brazilian President Dilma Rousseff was granted breathing space by the Supreme Court in her fight against impeachment, when late Tuesday it imposed a week-long freeze on the special commission formed to recommend Congress whether Rousseff should be removed from office.
Wednesday, December 9th 2015 - 09:18 UTC
Vice-president Temer virtually announces split of Brazil's coalition government

The Brazilian Congress set in motion on Tuesday a complex process that will weigh the possible impeachment of President Dilma Rousseff, but even more significant was a letter made public by vice president Michel Temer, which clearly indicates a rift and a possible distancing of the senior partner in the ruling coalition.
Tuesday, December 8th 2015 - 09:08 UTC
No break for the Brazilian economy, according to the central bank

Analysts expect Brazil's economy to contract by 3.50% this year, with inflation hitting 10.44%, the Central Bank said on Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Tuesday, December 8th 2015 - 09:03 UTC
Impeachment battle takes off in Brazil; Rousseff calls for an early vote

Impeachment proceedings against Brazil's President Dilma Rousseff were delayed on Monday by a fight between supporters and opponents trying to stack a lower house committee that will report on whether she committed an impeachable offense.
Monday, December 7th 2015 - 08:36 UTC
Impeachment battle against Rousseff begins Monday in Congress

Impeachment proceedings against Brazilian President Dilma Rousseff face their first major hurdle Monday when a special committee forms to decide whether to send the case to the full lower house. Once established, the 65-member committee representing all parties will hear Rousseff's defense, then rule on whether to allow the matter to go further.
Saturday, December 5th 2015 - 08:25 UTC
Rousseff suffers setbacks in attempt to block impeachment proceedings

$Aviation Minister Eliseu Padilha, an ally of Temer and part of the fractious party that is Rousseff's main coalition partner, submitted his resignation$

Brazilian president Dilma Rousseff on Friday suffered two setbacks to her fight against impeachment, as a minister from her main coalition ally resigned and the Supreme Court quashed appeals from supporters seeking to stop the impeachment process.
Thursday, December 3rd 2015 - 08:41 UTC
Brazil political crisis escalates: Congress initiates impeachment proceedings against president Rousseff

The speaker of Brazil's lower house of Congress, Eduardo Cunha has announced plans to open impeachment proceedings against President Dilma Rousseff, allegedly on violation of fiscal legislation. In practical terms this means further political upheaval in the months ahead in a country that has been rocked by the steepest recession in 25 years, job losses, and a corruption scheme of planetary proportions in oil giant Petrobras.
Wednesday, December 2nd 2015 - 12:38 UTC
Brazil's worst mining disaster will stress test 'king iron' Vale's resources

Brazil's deadly mining disaster could cost Vale SA at least US$443 million, but it is too early to put a price tag on what it expects to be a long clean-up from the pollution spilled when the toxic dam burst.
Wednesday, December 2nd 2015 - 11:08 UTC
Macri to meet Rousseff Friday: trade, Mercosur and Venezuela in the agenda

Next Friday Argentine president elect Mauricio Macri will be travelling to Brasilia to meet with president Dilma Rousseff, which will be the incoming leader's first overseas trip.
Wednesday, December 2nd 2015 - 11:00 UTC
Brazilian executive order to further cut budget spending

Brazilian government said in an executive order published Monday in the Official Daily that it was cutting spending by an additional 11 billion reais ($2.82 billion) this year. The move is part of an effort by the government to a budget deficit target of 1 percent of the gross domestic product, a goal agreed to during the last budget review.