Tag: Dilma Rousseff

Saturday, January 17th 2015 - 07:49 UTC
Petrobras corruption scheme could reach 28bn dollars according to police

The corruption scheme in Brazil's leading corporation Petrobras could exceed 28 billion dollars, making it the largest corruption scandal that the country has ever seen. The development was reported through an interview by Reuters of Brazilian police officer, Erika Marena, investigating the corruption probe.
Sunday, January 11th 2015 - 11:39 UTC
Rousseff orders ministries to cut spending by a third

Brazilian President Dilma Rousseff has instructed a budget cut which affects 39 ministries, reducing their funds by a third, in order to save a figure estimated at 703 million dollars per month.
Tuesday, January 6th 2015 - 07:32 UTC
Brazil' finance minister pledges fiscal balance and cuts in spending

Brazil must focus on making difficult fiscal adjustments in order to get economic growth and investment back in gear, the country's new Finance Minister Joaquim Levy said on Monday. At his swearing-in ceremony in Brasilia, Levy said the process will require the participation of society as a whole and will involve changes to taxes and spending, without resorting to accounting shortcuts.
Wednesday, December 31st 2014 - 03:48 UTC
Cristina Fernandez travels to the south; ankle fracture convalescence could take over a month

Argentine President Cristina Fernandez, who is suffering from a broken ankle, left on Tuesday afternoon for Calafate in Santa Cruz province, after doctors allowed her to travel. She plans to spend New Year with the family and in good spirits twitted about the authorization, presented her smallest pet, a toy-caniche “Lolita” and announced that small pets will be allowed to travel in all domestic Aerolineas and Austral flights.
Tuesday, December 30th 2014 - 09:49 UTC
Brazil: Dilma facing new challenges for her second term in office

Analysts agree fiscal austerity and economic growth will be among the new government's priorities.
Friday, December 12th 2014 - 06:03 UTC
Brazilian executives from leading companies formally charged for the Petrobras corruption scandal

Brazilian prosecutors formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil firm Petrobras to the ruling political party and its allies.
Tuesday, December 9th 2014 - 23:08 UTC
Despite Petrobras corruption, Rousseff has strong public opinion support

Seven out of ten Brazilians believe President Dilma Rousseff has some responsibility in the Petrobras corruption scandal, which involves contractors and politicians, according to a public opinion poll from Datafolha, conducted on Dec. 2 and 3, including 2,896 interviews and published by Folha de Sao Paulo.
Tuesday, December 9th 2014 - 08:26 UTC
The man in charge of fighting corruption in Brazil resigns: “I've done my duty”

Comptroller General Jorge Hage, the man in charge of fighting corruption in the Brazilian government, announced his resignation amid a widening graft scandal centered on state-run oil company Petrobras. Hage said he sent President Dilma Rousseff his resignation letter a few weeks ago, after she won re-election for a second term in office.
Monday, December 8th 2014 - 11:12 UTC
Dilma Rousseff after quick transition in Finance given the fiscal deterioration

Brazil's new economic team headed by Joaquim Levy is expected to take office sometime in the next few days after the ruling coalition of President Dilma Rousseff finally managed Congress to approve a loosening of this year's budget targets including the crucial primary budget.
Thursday, December 4th 2014 - 05:09 UTC
Rousseff promises JPMorgan investors a balanced budget and full support of Levy

President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.