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Venezuela recalls Brazil ambassador following Rousseff's suspension

Saturday, 14 May 2016 11:52
Caracas: Venezuelan President Nicolas Maduro recalled his country's ambassador in Brazil after his counterpart Dilma Rousseff was suspended over an impeachment trial."We have been evaluating today (Friday), I asked our ambassador in Brazil, Alberto Castellar, to come back to Caracas,"…

Brazil's interim president may remain in office till 2019

Saturday, 14 May 2016 11:42
Brasilia: Brazil's interim President Michel Temer said Friday he may remain in office till 2019.Temer took over the presidency Thursday from Brazil's first female President Dilma Rousseff, who was suspended from office for 180 days over an impeachment trial, Xinhua…

Brazil's Rousseff warns of risks associated with 'illegitimate government'

Saturday, 14 May 2016 11:35
Brasilia: Suspended Brazilian President Dilma Rousseff said here on Friday the country and its democracy faced grave risks under the leadership of an "illegitimate government" headed by her former vice president, Michel Temer."I don't know if the risk exists now,…

Key Indian equity indices plunge further during afternoon session

Friday, 13 May 2016 14:44
Mumbai: Key Indian equity market indices that opened in the red on Friday fell further during the afternoon session following disappointing macro data on Thursday.India's factory output growth turned flat in March after rising during the month before, even as…

Protesters rally against acting Brazilian president Temer

Friday, 13 May 2016 11:18
Sao Paulo: Several hundred Brazilians protested on Thursday against Interim President Michel Temer in Sao Paulo, Brazil's largest city and home turf for the former vice president to Dilma Rousseff, who was suspended from office after the Senate decided to…

No women in Brazilian acting president's cabinet

Friday, 13 May 2016 11:01
Brasilia: Brazilian acting President Michel Temer on Thursday chose leading figures from nine centrist and conservative parties for his cabinet, which for the first time in decades has no female ministers.Temer, who had been vice president, replaced Dilma Rousseff of…

Brazil Supreme Court denies Rousseff's appeal against impeachment proceedings

Thursday, 12 May 2016 11:41
Brasilia: Brazil's Supreme Court on Wednesday denied a last-ditch appeal by President Dilma Rousseff's administration against impeachment proceedings in the Senate, which is to vote in the coming hours on whether to try her for violating budget laws.Judge Teori Zavascki…

Oriental Bank net profit down, bad loans up

Wednesday, 11 May 2016 15:41
Chennai: Government-owned Oriental Bank of Commerce on Wednesday closed FY16 with a net profit of Rs.156.08 crore.In a regulatory filing in BSE the bank has posted a net profit of Rs.156.08 crore for the year ended March 31, 2016 as…

Brazilians take to streets to protest Rousseff impeachment process

Wednesday, 11 May 2016 11:13
Brasilia: Supporters of Brazilian President Dilma Rousseff took to the streets to protest an impeachment process against her, blocking roads and public transport systems in at least 13 states and the Federal District.The protests came a day before the Senate…

Impeachment against Brazil's Rousseff annulled, new vote called

Tuesday, 10 May 2016 11:02
Rio de Janeiro: Attempts to impeach Brazilian President Dilma Rousseff were stalled as the acting speaker of lower house of the Congress annulled the impeachment process on Monday and called for a new vote.The decision by Waldir Maranhao - who…