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sovereign credit rating to junk status, the government ditched an earlier budget proposal and recommitted itself to fiscal discipline. President Dilma Rousseff rallied around her finance minister, Joaquim Levy, and announced a primary surplus target of 0.7% of gross domestic product (GDP) for fiscal year
more leftist wing of the Workers Party 1 EFTA00607213 has called for special taxes on the banking sector and the wealthy. Even former President Luiz Inacio Lula da Silva has reportedly suggested relaxing the fiscal stance and lowering interest rates to boost growth. Organized civil servant unions have warned that
egins, Brazil's Crisis Heats Up Again 2015-07-17 03:00:01.0 GMT By Anna Edgerton (Bloomberg) -- The political crisis engulfing Brazilian President Dilma Rousseff got a lot bigger Thursday, when the man who was both her mentor and predecessor was named as the target of a federal probe into foreign business tr
en the man who was both her mentor and predecessor was named as the target of a federal probe into foreign business transactions. Former President Luiz Inacio Lula da Silva, whose widespread popularity paved the way for Rousseff's election in 2010, is under investigation on allegations of influence peddling to help cons
dit-default swaps. Bond investors arc relegating Brazil to junk as the biggest contraction in 25 years and growing support for impeaching President Dilma Rousseff increase the chances its investment grades will be slashed. Just last week, S&P joined Moody's Investors Service in revising its outlook on Brazil's
ring more and more of the nation's companies. On Monday, Brazilian police arrested Jose Dirceu, who served as chief of staff under former President Luiz Inacio Lula da Silva, saying he helped put into place an alleged system of kickbacks at the oil company. An S&P downgrade would push Brazil back into junk since the comp
t town: Rio stuck with big bills, vacant venues Inline image 1 With its economy failing, more than 200,000 Zika virus cases and Brazilian President Dilma Rousseff facing an impeachment, against all odds, Rio de Janeiro pulled off last year's Olympics, keeping crime at bay and fending off dire forecasts of cor
in Brazil's largest corruption scandal. Three politicians who were instrumental in landing and organizing the Olympics — former Brazilian President Luiz Inacio Lula da Silva, former Rio governor Sergio Cabral, and former Rio Mayor Eduardo — have been under investigation. Cabral, an early promoter of the Olympics and Worl
egins, Brazil's crisis Heats Up Again 2015-07-17 03:00:01.0 GMT By Anna Edgerton (Bloomberg) -- The political crisis engulfing Brazilian President Dilma Rousseff got a lot bigger Thursday, when the man who was both her mentor and predecessor was named as the target of a federal probe into foreign business tr
hen the man who was both her mentor and predecessor was named as the target of a federal probe into foreign business transactions. Former President Luiz Inacio Lula da Silva, whose widespread popularity paved the way for Rousseff's election in 2010, is under investigation on allegations of influence peddling to help cons
dit-default swaps. Bond investors are relegating Brazil to junk as the biggest contraction in 25 years and growing support for impeaching President Dilma Rousseff increase the chances its investment grades will be slashed. Just last week, S&P joined Moody's Investors Service in revising its outlook on Brazil's
aring more and more of the nation's companies. On Monday, Brazilian police arrested Jose Dirceu, who served as chief of staff under former President Luiz Inacio Lula da Silva, saying he helped put into place an alleged system of kickbacks at the oil company. An S&P downgrade would push Brazil back into junk since the com
Entities connected to both Dilma Rousseff and Luiz Inacio Lula da Silva

Jeffrey Epstein
PERSON
Daniel Sabba
PERSON
Bloomberg L.P.
ORGANIZATION
Martha Stewart
PERSON
Ariane de Rothschild
PERSON
Stewart Oldfield
PERSON
Paul Morris
PERSON
Moody's
ORGANIZATION
Vietnam
LOCATIONSao Paulo
LOCATION
Latin America
LOCATION
Rio de Janeiro
LOCATIONOdebrecht SA
ORGANIZATION
Cyprus
LOCATION
Panama
LOCATIONStandard & Poor's
ORGANIZATIONPaula Sambo
PERSONLula Corruption Probe Begins
PERSONAnna Edgerton
PERSONMendonca Filho
PERSON