Tag: Dilma Rousseff

Saturday, December 19th 2015 - 06:39 UTC
Rousseff picks Barbosa as finance minister, a strong critic of Levy and austerity

Brazilian President Dilma Rousseff on Friday picked her close aide Nelson Barbosa, a left-leaning economist, to take over the finance ministry from Joaquim Levy who is leaving after a series of disagreements over economic policy.
Friday, December 18th 2015 - 08:40 UTC
Relief for Rousseff: Justices' ruling delays impeachment procedures

Brazil's Supreme Court gave a relief to embattled President Dilma Rousseff two victories on Thursday in rulings that improve her chances of blocking an impeachment bid by opponents seeking to oust the unpopular leader.
Friday, December 18th 2015 - 08:01 UTC
Brazil's budget targets ignored by Congress; Finance minister could resign

Brazil’s Congress on Thursday approved a 2016 budget with surplus targets lower than what Finance Minister Joaquim Levy wanted, a day after the country lost an investment-grade credit rating on concerns about fiscal restraint.
Thursday, December 17th 2015 - 03:53 UTC
Brazil Justices delay until Thursday decision on impeachment procedure against president Rousseff

Brazil's Supreme Court delayed until Thursday a crucial decision related to a procedural question in a case that could lead to President Dilma Rousseff's impeachment. The decision, originally scheduled for Wednesday, was postponed after the court ran out of time. “Tomorrow we'll stay as long as necessary,” said Chief Justice Ricardo Lewandowski.
Monday, December 14th 2015 - 07:49 UTC
Moody's downgrades Petrobras credit rating; warns of difficulties to raise cash through asset sales

Moody's Investors Service has lowered Brazilian state-controlled oil company Petrobras' credit rating further into junk territory and warned of a possible further downgrade. “These rating actions reflect Petrobras' elevated refinancing risks in the face of deteriorating industry conditions that make it more difficult to raise cash through asset sales,” the New York-based ratings agency said Wednesday.
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.
Wednesday, December 2nd 2015 - 09:28 UTC
China and Brazil agree on further cooperation and on climate change

Chinese President Xi Jinping and Brazil's Dilma Rousseff met in Paris on the sidelines of the ongoing climate talks, and agreed to strengthen cooperation in a number of areas including a common position regarding global warming.
Friday, November 27th 2015 - 07:55 UTC
Brazilian banks follow closely events in Argentina: Dollar at 12 Pesos

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.