Brazil's ruling coalition lacks the votes in the Senate to defeat a request to remove left-leaning President Dilma Rousseff from office if it is approved by the lower house, a senior senator in the coalition's largest party said on Sunday. The leading member of the Brazilian Democratic Movement Party (PMDB), who asked not to be... Continue Reading →
Brazilians Brace for More Drama at Top Court, Congress
Brazil is bracing itself for another week of drama, in which the Supreme Court and Congress will chart the path through the nation’s political crisis after a poll showed two-thirds of its citizens want President Dilma Rousseff ousted. The Attorney General’s office over the weekend called on the Supreme Court to quickly and definitively settle... Continue Reading →
Brazil Poll Shows Strong Support for President’s Impeachment
THE ASSOCIATED PRESS MARCH 20, 2016, 10:54 A.M. E.D.T. A new poll in Brazil is showing strong support for the impeachment of President Dilma Rousseff. The respected Datafolha agency says 68 percent of people surveyed want to see lawmakers vote to impeach Rousseff. That's up 8 percentage points since February. The results published in Sunday's Folha... Continue Reading →
THIS BEATS HOUSE OF CARDS
A top judge in Brazil ruled on Friday that Luiz Inacio Lula da Silva should be stripped of a ministerial role so he can be investigated for graft, minutes after the ex-president rallied tens of thousands of supporters behind embattled President Dilma Rousseff. In a move likely to inflame tensions between the judiciary and Brazil's... Continue Reading →
Brazil’s Rousseff knew about bribery scheme, senator says
Brazil's President Dilma Rousseff shows a document confirming former president Luiz Inacio Lula da Silva's appointment as chief of staff, at Planalto palace in Brasilia, Brazil, March 17, 2016. REUTERS/ADRIANO MACHADO A senator accused of involvement in Brazil's biggest corruption scandal said President Dilma Rousseff and her predecessor Lula were both aware of it and... Continue Reading →
Rousseff supporters rally to counter anti-government protests
Supporters of Brazil's ruling Workers' Party joined street rallies on Friday to back the beleaguered government of President Dilma Rousseff, while her opponents in Congress started the clock on impeachment proceedings. Brazil's political crisis also reached the Supreme Court, which has received a dozen motions to suspend this week's appointment of former President Luiz Inacio... Continue Reading →
Impeachment session starts in Brazil, police disperse protest
In Brasilia, where thousands of demonstrators have demanded Rousseff's ouster over the last two days, police told protesters to stay away from the Congress building where a pro-government demonstration was planned for 5 p.m local time (2000 GMT). In Congress' lower house, opposition parties sped up the impeachment of Rousseff by holding a session on... Continue Reading →
Judge’s bar on Lula puts Brazil on edge of constitutional crisis
http://www.ft.com/cms/s/0/62207c4a-ec65-11e5-9fca-fb0f946fd1f0.html#ixzz43CKvOUsZ March 17, 2016 5:48 pm Judge’s bar on Lula puts Brazil on edge of constitutional crisis Samantha Pearson in São Paulo ©AFP Brazil was teetering on the brink of a constitutional crisis on Thursday after a judge blocked President Dilma Rousseff’s appointment of her predecessor, Luiz Inácio Lula da Silva, to her cabinet, prompting... Continue Reading →
Brazil’s Foreign Investors See a New President as Last Best Hope
The political storm descending on Brazil right now is a boon in the eye of foreign investors who see a change in government as the best way to pull the country out of its doldrums. Stocks and the real led global gains Thursday after President Dilma Rousseff’s naming of Luiz Inacio Lula da Silva, her predecessor... Continue Reading →
Brazil’s Central Bank Says It May Partially Unwind Swaps Program
Brazil’s central bank said it sees room to partially unwind a program aimed at boosting the real, prompting the currency to pare gains. Policy makers see the international economic environment creating an opportunity to unwind part of its foreign exchange swaps program by reducing its daily rollovers, the central bank press office told reporters on... Continue Reading →
