resident Dilma Rousseff's fate in an impeachment vote in Brazil's Congress on Sunday is being decided in deals struck at lunch tables and behind the mirrored windows of luxury hotels in Brasilia, where the tide has turned decisively against her. Rousseff's survival hinges on winning over a dwindling number of undecided lawmakers who are also... Continue Reading →

Brazil’s real dropped the most among major currencies as the central bank stepped up efforts to weaken the currency as Brazilian assets rallied on renewed speculation that impeachment of President Dilma Rousseff is drawing closer. The central bank announced it would auction 80,000 foreign-exchange reverse swaps Wednesday, a move that’s equivalent to buying $4 billion... 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 →