Streets of Brazil May Hold Key to Rousseff's Future (Correct)
Monday,07/03/2016|02:07GMTby
Bloomberg News
Brazilian President Dilma Rousseff’s struggle for political survival is spilling into the streets, after the latest chapter in a...
Brazilian President Dilma Rousseff’s struggle for political survival is spilling into the streets, after the latest chapter in a sweeping corruption probe escalated tension in Latin America’s largest country.
Following police questioning on Friday of Rousseff’s predecessor Luiz Inacio Lula da Silva into allegations of bribes for favors, friends and foes of the government have started to mobilize in a race to galvanize public opinion. Both sides have already engaged in isolated clashes and are planning mass demonstrations in coming days.
From bars to soccer stadiums to social media, news that Brazil’s most iconic political figure was taken into police custody has hit on raw nerves in a society tattered by a two-year corruption probe and the worst recession in over a century. The outburst of public sentiment, which risks going violent, may end months of stalemate in Congress over her impeachment, said Gabriel Petrus, a political analyst at business consulting firm Barral M Jorge.
"It’ll be a trial in the streets with the people as a judge -- legislators will have to listen," said Petrus. "The next two weeks will be decisive in tilting the balance for or against Rousseff."
Rousseff herself is not being investigated as part of the sweeping probe into a scheme of kickbacks at state oil company Petrobras, known as Carwash. The opposition-backed impeachment request filed in October of last year focuses largely on Rousseff’s alleged whitewashing of a gaping budget deficit. The president and Lula have repeatedly denied any wrongdoing.
The country’s top electoral court is, however, investigating whether some of the money from Petrobras made its way into her 2014 re-election campaign, a probe that could lead to the annulment of her mandate.
Nationwide Protests
How legislators and judges decide and whether Rousseff may even be forced to step down will depend to a large extent on public opinion and protests in coming days, said Andre Cesar, political analyst and founder of consulting firm Hold Assessoria Legislativa. "Any outcome is possible now."
Rousseff critics have called for nationwide protests on March 13, with some of their leaders vowing to stage the largest anti-government protests yet. As of Sunday night, 150,000 people had signed up on a Facebook event’s page alone for the march in Sao Paulo. Others marches are scheduled in major cities throughout the country.
"Enough impunity. Brazil is not a country of thieves," read a comment on the Facebook page of one event organizer that calls itself VemPraRua, or Come to the Streets in Portuguese. "It’s no good if Lula goes to jail and the PT stays in power as if nothing happened," reads another comment.
Leaders of the ruling Workers’ Party, or PT, and grass roots groups supporting it echoed calls for protests and called for their own demonstrations on March 19. "They lit the fire. Let’s take to the streets," Jose Guimaraes, a PT congressional leader, wrote on his Twitter account after the event.
Lula has been equally defiant, saying that the corruption allegations were an attempt by the country’s elites to remove from power a party that defended the interests of the poor. "If they want to defeat me, they’ll have to face me in the streets," Lula said at a rally of the bank workers’ union Friday night.
Class Divisions
In a sign of growing concern over escalating violence, Sergio Moro, the federal judge in charge of Carwash, issued statements during the weekend and condemned "the incitement to acts of violence."
Class divisions need to be overcome and harmony between the judiciary, legislative and executive reestablished to pull Brazil out of its current crisis, Vice President Michel Temer, the man who would succeed Rousseff were she to be impeached, said on Sunday.
In a February Datafolha public opinion survey, 60 percent of those polled said they favored a Rousseff impeachment. In Congress, a nearly two-month recess and squabbling over procedural issues have delayed the formation of a committee that is due to recommend to the lower house whether impeachment proceedings against Rousseff should move ahead.
That may now change.
"With the detainment of Lula this has become more than a corruption probe. It’s become a battle over ideas and ideologies," said Petrus from Barral M Jorge. "People are taking their frustrations and hopes to the streets."
(Corrects spelling of Rousseff in fifth paragraph.)
To contact the reporter on this story: Raymond Colitt in Brasilia at rcolitt@bloomberg.net. To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Randall Woods
Brazilian President Dilma Rousseff’s struggle for political survival is spilling into the streets, after the latest chapter in a sweeping corruption probe escalated tension in Latin America’s largest country.
Following police questioning on Friday of Rousseff’s predecessor Luiz Inacio Lula da Silva into allegations of bribes for favors, friends and foes of the government have started to mobilize in a race to galvanize public opinion. Both sides have already engaged in isolated clashes and are planning mass demonstrations in coming days.
From bars to soccer stadiums to social media, news that Brazil’s most iconic political figure was taken into police custody has hit on raw nerves in a society tattered by a two-year corruption probe and the worst recession in over a century. The outburst of public sentiment, which risks going violent, may end months of stalemate in Congress over her impeachment, said Gabriel Petrus, a political analyst at business consulting firm Barral M Jorge.
"It’ll be a trial in the streets with the people as a judge -- legislators will have to listen," said Petrus. "The next two weeks will be decisive in tilting the balance for or against Rousseff."
Rousseff herself is not being investigated as part of the sweeping probe into a scheme of kickbacks at state oil company Petrobras, known as Carwash. The opposition-backed impeachment request filed in October of last year focuses largely on Rousseff’s alleged whitewashing of a gaping budget deficit. The president and Lula have repeatedly denied any wrongdoing.
The country’s top electoral court is, however, investigating whether some of the money from Petrobras made its way into her 2014 re-election campaign, a probe that could lead to the annulment of her mandate.
Nationwide Protests
How legislators and judges decide and whether Rousseff may even be forced to step down will depend to a large extent on public opinion and protests in coming days, said Andre Cesar, political analyst and founder of consulting firm Hold Assessoria Legislativa. "Any outcome is possible now."
Rousseff critics have called for nationwide protests on March 13, with some of their leaders vowing to stage the largest anti-government protests yet. As of Sunday night, 150,000 people had signed up on a Facebook event’s page alone for the march in Sao Paulo. Others marches are scheduled in major cities throughout the country.
"Enough impunity. Brazil is not a country of thieves," read a comment on the Facebook page of one event organizer that calls itself VemPraRua, or Come to the Streets in Portuguese. "It’s no good if Lula goes to jail and the PT stays in power as if nothing happened," reads another comment.
Leaders of the ruling Workers’ Party, or PT, and grass roots groups supporting it echoed calls for protests and called for their own demonstrations on March 19. "They lit the fire. Let’s take to the streets," Jose Guimaraes, a PT congressional leader, wrote on his Twitter account after the event.
Lula has been equally defiant, saying that the corruption allegations were an attempt by the country’s elites to remove from power a party that defended the interests of the poor. "If they want to defeat me, they’ll have to face me in the streets," Lula said at a rally of the bank workers’ union Friday night.
Class Divisions
In a sign of growing concern over escalating violence, Sergio Moro, the federal judge in charge of Carwash, issued statements during the weekend and condemned "the incitement to acts of violence."
Class divisions need to be overcome and harmony between the judiciary, legislative and executive reestablished to pull Brazil out of its current crisis, Vice President Michel Temer, the man who would succeed Rousseff were she to be impeached, said on Sunday.
In a February Datafolha public opinion survey, 60 percent of those polled said they favored a Rousseff impeachment. In Congress, a nearly two-month recess and squabbling over procedural issues have delayed the formation of a committee that is due to recommend to the lower house whether impeachment proceedings against Rousseff should move ahead.
That may now change.
"With the detainment of Lula this has become more than a corruption probe. It’s become a battle over ideas and ideologies," said Petrus from Barral M Jorge. "People are taking their frustrations and hopes to the streets."
(Corrects spelling of Rousseff in fifth paragraph.)
To contact the reporter on this story: Raymond Colitt in Brasilia at rcolitt@bloomberg.net. To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Randall Woods
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We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
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We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
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- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates