Tag: Dilma Rousseff

• Friday, February 13th 2015 - 04:13 UTC

  Brazilian congress ignores Rousseff's call for spending cuts

  

  Brazil's Congress passed legislation on Tuesday that limits the president's ability to reduce pork-barrel spending passed by lawmakers, a setback for President Dilma Rousseff's efforts to fight a fiscal deficit.

• Friday, February 6th 2015 - 23:27 UTC

  Market reacts negatively to Petrobras new CEO: too political and too close to Rousseff

  

  Shares in Brazil's oil giant Petrobras plunged Friday as banking executive Aldemir Bendine, who is seen as too close to President Dilma Rousseff's party, was named the scandal-hit firm's new chief executive.

• Friday, February 6th 2015 - 06:57 UTC

  Brazil ruling party's treasurer questioned on the Petrobras corruption probe

  

  Brazilian federal police said on Thursday they had started questioning João Vaccari Neto, the treasurer of the country's ruling Workers' Party, as a corruption probe focused on state-run oil company Petrobras widened to include political figures.

• Wednesday, February 4th 2015 - 09:09 UTC

  Petrobras shares soar 15% ahead of CEO's and senior managers removal

  

  Brazilian President Dilma Rousseff will replace the chief executive and other senior managers at state-run oil company Petrobras later this month in an effort to turn the page on the widening corruption scandal. Petrobras shares jumped more than 15%, their biggest one-day gain in 16 years, after Folha do Sao Paulo first reported that Rousseff intended to replace CEO Maria das Graças Foster.

• Tuesday, February 3rd 2015 - 06:49 UTC

  Brazil's nominal budget deficit far worse than expected, 6.7% of GDP

  

  Brazil's federal, state and local governments ended 2014 with a cumulative primary budget deficit equivalent to 12.51 billion dollars putting public finances in the red for the first time since the current reporting methodology was adopted in 2001, the Central Bank announced.

• Tuesday, February 3rd 2015 - 06:35 UTC

  Brazil's Lower House elects as speaker a critic of President Rousseff's policies

  

  Brazil's Congress elected a conservative as speaker of the Chamber of Deputies on Sunday in a setback for the ruling Workers' Party that split President Dilma Rousseff's coalition and will complicate her legislative agenda.

• Thursday, January 29th 2015 - 07:17 UTC

  Consumer confidence in Brazil drops in January to its lowest

  

  The reading of consumer confidence dropped in Brazil in January--to its lowest level ever--as the country's economy struggled. Brazil's main consumer-confidence index was at 89.8 points in January, down from 96.2 points in December, the Getulio Vargas Foundation, or FGV, said earlier this week.

• Wednesday, January 28th 2015 - 07:40 UTC

  Rousseff calls on fractious cabinet to embrace belt-tightening to restore growth

  

  Brazil's President Dilma Rousseff has urged her cabinet to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.

• Tuesday, January 20th 2015 - 05:27 UTC

  Heat wave in Brazil forces power cuts; to recover fragile system rates could increase by 60%

  

  Rolling blackouts swept across parts of Brazil as the grid operator ordered select power cuts to avoid a larger crisis, drawing attention to a fragile electric system that is buckling under the strains of record-breaking heat and dryness.

• Monday, January 19th 2015 - 06:02 UTC

  Rousseff 'dismayed' with Indonesia for execution of Brazilian; ambassador recalled

  

  President Dilma Rousseff expressed Saturday her “dismay” and “indignation” after learning of the execution of Brazilian Marco Archer Cardoso Moreira in Indonesia and recalled her country's ambassador to Jakarta for consultations.