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Brazil political crisis deepens

Tuesday, May 10, 2016 - 00:59

Brazil's Senate says it will press ahead with impeachment proceedings against the president despite annulment by the lower house. Paul Chapman reports.

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PLEASE NOTE: EDIT CONTAINS MATERIAL WHICH WAS ORIGINALLY 4:3 The acting speaker of Brazil's lower house, seen here in recent footage, led Monday's charge to annul impeachment proceedings against President Dilma Rousseff. He said a new vote was needed because of flaws in the original one. The Senate's already rejected the surprise move just days before Rousseff's suspension from office. Rousseff, who denies breaking budgetary rules, urged her supporters to be cautious about the latest twist. (SOUNDBITE)(Portuguese) BRAZILIAN PRESIDENT DILMA ROUSSEFF SAYING: "It's not official. I don't know what the consequences will be. Please be cautious, we're living in a web of tricks." The latest development spooked investors betting on a more business-friendly government taking charge. The country's currency weakened four per cent in afternoon trading. The markets settled down as investors bet instead on the move delaying rather than preventing Rousseff's removal from office given her weak support in Congress.

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Brazil political crisis deepens

Tuesday, May 10, 2016 - 00:59