The impeachment committee's voting result of 38 in favor of impeachment and 27 against impeachment, does not guarantee the 2/3 majority at the House floor to approve the process and send to Senate for final judgement. So the uncertainty remains until it is voted at floor of the House this coming Sunday. The government needs... Continue Reading →
Brazil congressional committee recommends impeaching Rousseff
A committee of Brazil's lower house of Congress voted 38-27 on Monday to recommend the impeachment of President Dilma Rousseff, who faces charges of breaking budget laws to support her re-election in 2014. A vote in the full lower house is expected to take place on Sunday. If two-thirds vote in favor, the impeachment will... Continue Reading →
Brazil Real Advances as House Plans Preliminary Impeachment Vote
Brazil’s real advanced to the strongest level in almost seven months as Congress prepared for key votes on the ouster of President Dilma Rousseff this week. Brazil’s currency, the most volatile in emerging markets as traders try to gauge the outlook for a complicated impeachment effort, gained 1.8 percent to 3.5266 per dollar at 12:30 p.m.... Continue Reading →
Brazilians grow weary of the walking dead
The country’s political system suffers from a crisis of legitimacy April 8, 2016 © GettyTwitterJoe Leahy in São PauloJoe Leahy in São Paulo/FT Protests are common in Brazil these days. There are those against President Dilma Rousseff, whose members generally sport the green and yellow of the country’s flag, and there are those in favour... Continue Reading →
Brazil Deploying Troops, Barricades Before Impeachment Votes
Brazilian security forces are deploying thousands of troops and erecting barricades in the capital city of Brasilia this week to prevent violent clashes as Congress holds key votes on the impeachment of President Dilma Rousseff. The city’s rare state of alert reflects concern that the country’s polarized political climate will reach a fever pitch in... Continue Reading →
Brazil Heads for Cliffhanger on Impeachment in Decisive Showdown
Brazil’s drawn-out political crisis is moving into a decisive phase next week with two key votes in Congress that could seal the fate of President Dilma Rousseff’s political future. A special committee in the lower house began a marathon session on Friday in order to decide by Monday whether to move forward with an impeachment... Continue Reading →
GE’s Oil Business Seen Finding `Missing Piece’ With Baker Hughes
General Electric Co. could become one of the top players in the oil services and equipment industry if it decides to bid for Baker Hughes Inc. A Justice Department lawsuit filed this week against Halliburton Co. to stop the merger of the world’s second- and third-largest oilfield service companies could soon put Baker Hughes back... Continue Reading →
Brazil government denies illegal funding, says can defeat impeachment
President Dilma Rousseff addresses a news conference after visiting the new Embraer KC 390 military transport aircraft in Brasilia, Brazil April 5, 2016. REUTERS/ADRIANO MACHADO - RTSDP79 Brazilian President Dilma Rousseff's government rejected new accusations on Thursday that her election was illegally funded with graft money and expressed confidence it can block an attempt to... Continue Reading →
Brazil’s top prosecutor opposes Lula cabinet appointment
Former Brazilian President Luiz Inacio Lula da Silva speaks in support of President Dilma Rousseff, as he attends a protest against her impeachment at the Union of Metal Workers in Sao Bernardo do Campo, Brazil, April 4, 2016. REUTERS/LEONARDO BENASSATTO Brazil's top prosecutor recommended on Thursday that the Supreme Court block the appointment of former... Continue Reading →
When a “coup” is not a coup
How should presidential systems deal with political breakdown? Apr 9th 2016 | From the print edition Economist IN DAILY verbal broadsides, Brazil’s president, Dilma Rousseff, and her political allies claim that the attempt to impeach her is a “coup d’état”. It is an emotive statement that moves people beyond her governing Workers’ Party (PT) and beyond Brazil.... Continue Reading →
Brazil Energy Insight 