Mumbai / Bloomberg Investors who anticipated that India central bank Governor Raghuram Rajan would bring order to a bad debt-plagued banking system by now are being forced to ratchet back those expectations. Results from ICICI Bank Ltd. and Axis Bank Ltd. two weeks ago and comments from their top managers fuelled concerns that dud loans will continue to pile ...

  Brasília / AFP Brazil’s Senate on Wednesday launched a pivotal debate on the future of President Dilma Rousseff, who faces likely suspension and an impeachment trial that could end 13 years of leftist rule in Latin America’s biggest country. Even allies of Rousseff, 68, said she had no chance of surviving the vote, expected later in the day after ...

Rio De Janeiro / AP Like Brazil itself, Dayse Lima’s family is deeply split over the political firestorm threatening to force President Dilma Rousseff from power. Lima, a 54-year-old government worker and staunch Rousseff supporter, got so angry at her son Gustavo for bashing the president that she stopped speaking to him. Gustavo, a 27-year-old energy analyst who lived with ...