Tag: Dilma Rousseff

• Wednesday, September 23rd 2015 - 07:05 UTC

  Brazil's currency falls to its weakest level against the US dollar, 4.06 Reais

  

  Brazil's currency fell to its weakest level ever as investors cast a wary eye on negotiations over spending bills that could further complicate the country's tenuous fiscal position. The currency, like others across Latin America, was also hammered by a global rise in the dollar sparked by increased expectations that the US Federal Reserve is still on track to raise interest rates this year.

• Tuesday, September 22nd 2015 - 07:53 UTC

  Former treasurer of Brazil's ruling party sentenced to 15 years in prison over Petrobras corruption

  

  The former treasurer of Brazil's ruling party was sentenced Monday to more than 15 years in prison for his role in a massive corruption scandal at state oil giant Petrobras. The judge investigating the scandal found Joao Vaccari, who was the Workers Party treasurer until April, guilty of “corruption, money-laundering and conspiracy,” and sentenced him to 15 years and four months.

• Tuesday, September 22nd 2015 - 07:40 UTC

  Brazil/Israel spat over ambassador candidate, spearhead of settlements in the West Bank

  

  Israeli Deputy Minister of Foreign Affairs Tzipi Hotovely defended the appointment of former settlements' department director, Dani Dayan, as the Jewish state's ambassador in Brazil, after it was rejected by Brazilian President Dilma Rousseff.

• Monday, September 21st 2015 - 07:18 UTC

  Brazil Justices ban corporate contributions to political campaigns and parties

  

  Brazil's Supreme Court banned corporate contributions to political campaigns and parties, a hot issue as investigators in the country's biggest corruption scandal say such financing was used by businesses to win lucrative contracts with state-run oil company Petrobras.

• Friday, September 18th 2015 - 07:37 UTC

  Brazil opposition parties file request in Congress to impeach Rousseff

  

  Brazil's opposition parties on Thursday filed a request in Congress to impeach President Dilma Rousseff for breaking fiscal rules by allegedly manipulating government finances to benefit her re-election last year. The request was backed by some members of Rousseff's main political ally, the fractious PMDB party, Brazil's largest, whose votes would be needed to succeed in ousting the president.

• Thursday, September 17th 2015 - 08:46 UTC

  Embattled Rousseff argues countries are not defined by their credit ratings

  

  Embattled and leaner Brazilian President Dilma Rousseff said on Wednesday that a country is not defined by its credit rating, downplaying Standard & Poor's decision to assign junk status to Latin American largest economy's sovereign debt.

• Wednesday, September 16th 2015 - 09:45 UTC

  Rousseff's latest austerity measures, 'hard to pass' warn congress leaders

  

  President Dilma Rousseff's latest austerity plan to rescue Brazil's sinking economy faced a cold reception Tuesday, with Congress raising questions over whether the measures will win approval. The speaker of the lower house of Congress and one of Rousseff's chief foes, Eduardo Cunha, dismissed the measures as “pseudo cuts” and predicted they would not easily pass.

• Tuesday, September 15th 2015 - 09:40 UTC

  Lula 'intimately' wants Dilma removed from office, says O Estado de Sao Paulo

  

  Former Brazilian president Lula da Silva, “intimately celebrates” a possible political action that would remove president Dilma Rousseff from the Planalto Palace, according to one of the country's most respected and serious dailies, O Estado de Sao Paulo.

• Monday, September 14th 2015 - 10:24 UTC

  Folha: “President Rousseff's last chance to save her government”

  

  Brazilian President Dilma Rousseff has one last chance to stem a growing political and economic crisis before being forced to step down, one of the country's leading daily newspapers said on Sunday.

• Saturday, September 12th 2015 - 11:05 UTC

  Police want to question Lula da Silva on Petrobras; request to the Supreme Court

  

  Brazilian police have asked the Supreme Court for permission to question former president Lula da Silva, who they say may have benefited from the corruption scandal roiling state oil giant Petrobras.