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Brazilian Vice President Michel Temer is drawing up plans to form a transitional government as Dilma Rousseff sharpens accusations that he is the mastermind of a coup against her. With a crucial impeachment vote looming in the lower house of Congress on Sunday, Temer plans to spend his early political capital on reforms that will... Continue Reading →
Pemex to Get $1.5 Billion From Government to Reduce Record Debt Nacha Cattan/Adam Williams Bloomberg April 13, 2016 Finance Ministry to absorb $2.7 billion in pension liabilities Government to increase ceiling for Pemex tax deductions Mexico will send 26.5 billion pesos ($1.5 billion) to the nation’s state-owned oil company to pay contractors after debt levels... Continue Reading →
Brazil’s President Dilma Rousseff accused her vice president of attempting to illegally overthrow the government, underscoring the heightened political tensions just days before Congress votes on her impeachment. Without directly naming Vice President Michel Temer, Rousseff said Tuesday that the prior day’s leak of a recording where he discussed the outlines of a Temer administration... Continue Reading →
More than a year after Brazilians began calling on Congress to impeach President Dilma Rousseff, consensus has built around the need to move forward. But agreement ends there. Her Workers’ Party wants to beat back those hoping to take away their election-day victory; her opponents are trying to oust her. The clash, due in the... Continue Reading →
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 →
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’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 →
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 →
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’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 →
