Tag: Dilma Rousseff

• Thursday, August 6th 2015 - 08:27 UTC

  Brazil's top prosecutor backed by peers for another term, but he needs Senate confirmation

  

  Brazil's top prosecutor, who has put dozens of politicians under investigation for allegedly taking bribes in the Petrobras corruption scandal, has won the backing of his peers to stay on the job for two more years.

• Thursday, August 6th 2015 - 03:47 UTC

  Rio 2016: The greatest sport festivity in the heart of Brazil

  

  By Dilma Rousseff (*) - We are still one year away from it, but Brazil's heart is already beating faster.The generous Brazilian heart leaps up when confronted with two of its passions -- welcoming people from all over the world and competing with enthusiasm and fair play in a superb sport performance.

• Monday, August 3rd 2015 - 09:40 UTC

  Brazilian currency at its weakest against the US dollar since March 2003

  

  The Brazilian currency Real lost 1% at the end of trading on Friday and begins this week at 3.42 Reais to the US dollar, the lowest in twelve years, because of the political and economic uncertainties surrounding Latin America's largest economy.

• Wednesday, July 29th 2015 - 06:00 UTC

  S&P warns Brazil could lose investment-grade rating as economic slippage continues

  

  Standard & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and the implementation of austerity measures.

• Tuesday, July 28th 2015 - 06:13 UTC

  Brazil central bank survey confirms worst economic performance since 1990

  

  Analysts expect Brazil's economy to contract by 1.76% this year, marking its worst performance since 1990, with the inflation rate hitting 9.23%, the Central Bank said on Monday.

• Thursday, July 23rd 2015 - 08:52 UTC

  Brazil's recession expected to continue next year according to top bank

  

  Brazil's recession will extend into next year, hurting President Dilma Rousseff's efforts to shore up public finances and arrest a sharp increase in unemployment, Itau Unibanco's chief economist said in a report on Wednesday. Ilan Goldfajn forecasts a drop of 2.2% in 2015 and 0.2% in 2016, down from previous estimates for a decline of 1.7% in 2015 and an increase of 0.3% in 2016.

• Thursday, July 23rd 2015 - 08:02 UTC

  Brazil slashes fiscal savings' goals for 2015 and 2016 on plunging tax revenue

  

  Brazil dramatically lowered its fiscal savings goals for 2015 and 2016 on Wednesday due to plunging tax revenues, and announced new spending cuts to underscore its commitment to austerity. The government cut its primary surplus goal for this year to 8.7 billion reais ($2.70 billion), or 0.15% of GDP, from 66.3 billion reais, the equivalent of 1.1% of GDP, originally budgeted.

• Wednesday, July 22nd 2015 - 07:34 UTC

  Dilma almost KO: 84.6% don't believe she can handle the economy and 62.8% want her impeached

  

  Brazilian President Dilma Rousseff's popularity slumped to a new low and support for her impeachment grew amid a deepening corruption scandal and a severe economic downturn, according to an opinion poll published on Tuesday.

• Saturday, July 18th 2015 - 09:29 UTC

  Mercosur agrees to give intra-trade a new boost eliminating barriers

  

  Mercosur agreed at the Brasilia summit that in the second half of the year they will address alternatives for the elimination of tariff and other similar barriers that impede the natural flow of trade of goods and services among its members. The initiative was agreed by Common Market Council, CMC, on the first day of deliberations and confirmed on Friday by the presidents of the group's full members.

• Saturday, July 18th 2015 - 08:10 UTC

  Rousseff, ever so weakened and isolated warns of “anti democratic adventures”

  

  Brazilian President Dilma Rousseff told regional peers on Friday there is no room for “anti-democratic adventures” in South America, a day after the speaker of Brazil's lower house said he was weighing legal arguments for her impeachment. Speaking to the heads of state of Mercosur, Rousseff said political leaders should strive for dialogue to resolve ideological differences.