BRASILIA (Reuters) – The Brazilian government dismissed market rumors on Thursday that Finance Minister Joaquim Levy was quitting because of disagreements over his austerity plan.
Brazil’s currency rebounded from 12-year lows on news that Levy was staying in the job and attending a budget meeting with President Dilma Rousseff.
BRASILIA, Sept 3 (Reuters) – The Brazilian government
dismissed market rumors on Thursday that Finance Minister
Joaquim Levy was quitting because of disagreements over his
Brazil’s currency rebounded from 12-year lows on
news that Levy was staying in the job and attending a budget
meeting with President Dilma Rousseff.
BRASILIA (Reuters) – Brazil’s President Dilma Rousseff criticized ride-sharing software Uber on Wednesday for increasing unemployment, adding to a chorus of labor concerns about the world’s most valuable venture-backed start-up.
Rousseff said local authorities must regulate the service, which has led conventional taxi drivers to stage protests and lobby lawmakers in Brazil’s three biggest cities.
BRASILIA (Reuters) – Renan Calheiros took an Air Force jet to get hair implants and was accused of letting a lobbyist pay child support to a journalist he had an affair and a child with.
Either episode would have derailed many politicians but corruption allegations have not kept Calheiros, the 59-year-old president of Brazil’s Senate, from making himself a go-to partner in the chaotic dance of Brazilian politics.
BRASILIA, Aug 17 (Reuters) – McDonald’s Corp, the
world’s biggest fast-food chain, was accused of mistreating its
employees and dodging taxes on Thursday during a Senate hearing
in Brazil, where politicians, union leaders and workers from
five continents voiced allegations.
McDonald’s has come under increasing scrutiny worldwide for
allegations of labor abuses, health and safety violations, plus
tax evasion in Europe, and Brazilian Senator Pablo Paim called a
hearing to allow both sides to make their cases.
BRASILIA (Reuters) – The speaker of Brazil’s lower house of Congress was charged by prosecutors with corruption and money laundering on Thursday, becoming the first sitting politician to be charged
in a burgeoning kickback and bribery scandal.
Eduardo Cunha, a member of Brazil’s largest political party, was accused of taking a $5 million bribe related to contracts for two drillships built for state-run oil company Petrobras, the focus of the country’s biggest-ever corruption scandal.
BRASILIA, Aug 20 (Reuters) – Germany and Brazil committed on
Thursday to a joint stance on climate change, a move that puts
the largest economies in Europe and Latin America on the same
page ahead of global climate talks in Paris in December.
Chancellor Angela Merkel and Brazilian President Dilma
Rousseff focused mainly on environmental cooperation during a
24-hour visit by the German leader that was also aimed at
boosting trade and investment in Brazil’s stagnant economy.
BRASILIA (Reuters) – Brazil’s Senate put off a vote on a key austerity bill on Tuesday and the lower house of Congress voted to increase the cost of a workers severance fund, two setbacks for President Dilma Rousseff’s efforts to fight a gaping fiscal deficit.
A bill rolling back payroll tax breaks was delayed by negotiations to avoid changes that would require its return to the lower house of Congress where Speaker Eduardo Cunha has obstructed government proposals since defecting to the opposition last month, senators said.
BRASILIA, Aug 11 (Reuters) – Vice President Michel Temer is
increasingly seen as the man who could lead Brazil out of
political crisis if President Dilma Rousseff is forced from
office, but people who know him say he will do all he can to see
her serve out her term.
Even members of Temer’s PMDB party who want Rousseff to step
down say Temer, a seasoned politician and discreet, soft-spoken
constitutional law expert, will hold the fort for Rousseff as
long as long as he can.
BRASILIA (Reuters) – Allies of Brazil’s President Dilma Rousseff have turned to her opponents to talk about filling what they see as a damaging leadership vacuum after losing confidence in her ability to pull the country out of an economic tailspin, party insiders said on Thursday.
Two parties broke ranks with Rousseff’s governing coalition on Wednesday night, fueling a lopsided defeat on a lower chamber bill raising salaries for police officers, prosecutors and government attorneys. Even Rousseff’s own Workers’ Party voted for the spending bill.