Petrobras

Dilma Rousseff out? Here's why the Brazil president was impeached

Brazil's Senate voted Thursday to impeach President Dilma Rousseff, a move that temporarily removes her from office while a trial is conducted. Rousseff is accused of using accounting tricks to hide budget deficits and bolster an embattled government.

Rousseff impeachment: Brazilian Prosecutor wants probe into obstruction of justice by the President

Brazil's top prosecutor on Tuesday asked the Supreme Court to open a probe into alleged obstruction of justice by President Dilma Rousseff, major Brazilian newspapers reported, in a potentially explosive twist to the country's political crisis.

Brazil prosecutor seeks new corruption probe against ex-prez Lula

Brazil's top prosecutor has asked the Supreme Court to open a corruption probe into powerful ex-president Luiz Inacio Lula da Silva and three of current President Dilma Rousseff's ministers, the court said.

Brazil's lower house gives nod for impeachment of President Dilma Rousseff

Brazil's lower house of Congress voted late Sunday to impeach President Dilma Rousseff, delivering a major blow to a long-embattled leader who repeatedly argued that the push against her was a "coup."

Brazil's embattled President Rousseff faces threat of coalition implosion amid impeachment row

Brazilian President Dilma Rousseff could see her coalition disintegrate this week amid a political crisis that threatens to topple her government, as a congressional committee ponders impeachment proceedings against her.

After the protest comes the support: Around 30,000 Dilma Rousseff sympathisers take to the streets in Brazil

Thousands of Brazilians demonstrated in support of embattled President Dilma Rousseff, who faces an impeachment effort in congress over alleged fiscal mismanagement.

Brazil's President Rousseff faces new allegations of corruption

Brazil's political drama took several new twists Tuesday as a senator accused President Dilma Rousseff of offering hush money to contain a corruption scandal, and her predecessor considered a return to government to help save their careers.

Brazil's ex-president Lula charged for hiding alleged ownership of seafront penthouse

Prosecutors in Sao Paulo state have filed money laundering charges against former Brazilian President Luiz Inacio Lula da Silva, who is accused of hiding his alleged ownership of a seafront penthouse in the city of Guaruja.

Why Raghuram Rajan is now a party to inflating the asset price bubble

Last week, RBI Governor Raghuram Rajan gave us a surprise double-barrel rate cut, indicating the pressure on him to cut rates. But the world is still printing too much money and a crash worse than 2008 is still in the works.

Videocon, Bharat Petroleum's JV with Brazilian oil company strikes oil

The discovery in the BM-SEAL-11 exploration block is one of several in recent years in an area believed to hold more than 1 billion barrels of recoverable oil.