Latin America | Brazil | Corruption

Brazil Court Gives Another 15 Days For Dilma Rousseff to Explain Accounts

Brazil's highest accounting court gave another 15 days for President Dilma Rousseff to respond to accusations she doctored the government accounts last year to hide the deterioration of the country's finances. Judges of the Federal Accounts Court, known as the TCU, decided on Wednesday to give Rousseff more time in a case that her opponents believe could pave the way for her impeachment. Rousseff had already been granted 15 days on Aug 12 to respond to new findings made by court officials. A TCU prosecutor's allegation that Rousseff delayed 40 billion reais ($11.50 billion) in social

Latin America | Brazil | Economy

Fernanda de Lima: The lioness of Brazil

Source: Forbes India

In 2006, in the midst of a global bull market, the last thing Fernanda de Lima wanted was to go back to Wall Street. After earning degrees in math and economics from University of São Paulo and an MBA from New York University, and logging long hours for a decade at Merrill Lynch and JPMorgan, Lima had had enough. She washed her hands of finance and, with her husband as CEO, was building a news site called InfoMoney. The pair was raising three young children at home. But in August of that year her father, Paulo Cesar de Lima, founder of São Paulo brokerage firm Gradual Investments, had a mas