IBOV 205,079.25 ▼ 0.17% IPSA 10,972.40 ▲ 0.02% IPC MEX 69,010.67 ▲ 0.12% MERVAL 3,017,221 — — COLCAP 2,521.34 ▼ 1.75% BVL PERÚ 59,664.64 ▲ 0.40% USD/BRL5.05▲ 0.32% USD/MXN18.47▲ 0.22% USD/CLP980.37▼ 0.09% USD/COP3,156▼ 0.60% USD/PEN3.45▲ 0.03% USD/ARS1,524▼ 0.02% USD/UYU40.10▼ 0.09% USD/PYG5,741▲ 3.76% USD/BOB11.62▲ 2.52% USD/DOP61.30▲ 2.85% USD/CRC448.31▲ 1.67% USD/GTQ7.64▲ 2.99% USD/HNL26.86▲ 3.09% USD/NIO36.62▲ 2.57% USD/VES879.67▼ 0.03% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.19% EUR/BRL5.66▼ 0.33% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 205,079.25 ▼ 0.17% IPSA 10,972.40 ▲ 0.02% IPC MEX 69,010.67 ▲ 0.12% MERVAL 3,017,221 — — COLCAP 2,521.34 ▼ 1.75% BVL PERÚ 59,664.64 ▲ 0.40% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, October 20, 2026

Politics - Brazil Rio de Janeiro

Decisive Week for Brazil’s President Dilma Rousseff

By · May 9, 2016 · 2 min read

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian Senate opens up a decisive week for President Dilma Rousseff on Monday, with Senate president, Renan Calheiros scheduled to read Friday’s decision by a special commission, which voted in favor of opening up an impeachment process against Rousseff. Last week’s decision leads Rousseff one step closer to losing her post as Brazil’s first woman president.

Brazil, Brasilia, Rousseff
President Rousseff during delivery of houses from Minha Casa Minha Vida last week, photo by José Cruz/Agência Brasil.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

With the reading of the decision, the Senate now has 48 hours to vote on whether or not to accept the special commission’s suggestions. If the Senate accepts the decision, which political analysts say is very likely, President Rousseff will be suspended from the Executive office for up to 180 days, while the Senate holds an impeachment trial.

According to analysts, the Senate is expected to vote for the suspension of the President between Wednesday and Thursday. At that time, Vice-President Michel Temer will take over as interim leader.

President Rousseff is accused violating the country’s fiscal responsibility law when she used loans from state-controlled banks to cover up a bigger deficit in the federal government’s budget in 2015. She is also accused of mismanagement of public funds.

Rousseff has denied any wrongdoing stating at times that the loans were used to pay for social welfare programs. She has also stated that the practice of taking loans from state-owned financial institutions has been common in previous administrations without it being questioned.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Mexico says Trump raised US gas sales in trade talks”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

President Rousseff and her PT party (Workers Party) have denounced the proceedings as a coup of a democratically-elected official, saying that opposition parties did not accept the 2014 Presidential election results.

Meanwhile, according to local media, VP Temer has already started to set up the interim government and assemble his team of cabinet members. In the past few weeks names like former Central Bank president, Henrique Meirelles, and ‘soybean king’, Blairo Maggi, have appeared in local media as names likely to be part of Temer’s cabinet, as Finance Minister and Agriculture Minister, respectively.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.