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Ultrapar Participações SA , which owns Brazil's largest natural gas distribution company, is interested in acquiring some assets from state-controlled Petróleo Brasileiro SA that could be listed as early as this year, O Estado de S. Paulo newspaper reported on Monday. Ultrapar would be willing to acquire Liquigás, a rival controlled by the state firm... Continue Reading →
The Brazil selloff that pushed the real to a 12-year low and sent bond yields to a record high is starting to lure money managers wagering that things can’t get much worse. Investors who can stomach the volatility can pick up dollar-denominated notes that yield over two percentage points more than similarly rated Philippines bonds,... Continue Reading →
Alberto Youssef, a convicted money launderer and former bon vivant, sat in a Brazilian jail cell in March of last year, getting ready to tell his lawyers a story. It was about an elaborate bribery scheme involving Petrobras, the government-controlled oil giant. He opened with a dire prediction. “Guys,” Mr. Youssef said, “if I speak, the... Continue Reading →
Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said. The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday statement presenting corruption charges stemming from the 2009 lease of another drillship, Vantage... Continue Reading →
The Brazilian real’s volatility is near the highest since May amid concern political turmoil will make it impossible for President Dilma Rousseff to pare deficits and avoid a junk credit rating. Swings between losses and gains in the past week added to the risk for investors wanting to take advantage of the highest interest rates... Continue Reading →
Petrobras - Clarification of news article: Update on 2030 Strategic Plan 08/07/2015 Rio de Janeiro, August 7, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with the Official Letter n.º 305/2015/CVM/SEP/GEA-1, which requests clarifications, as follows: Official Letter n.º 305/2015/CVM/SEP/GEA-1 “We refer to the news article published on this date in the O Estado de... Continue Reading →
The chief executive of Brazil's Petroleo Brasileiro SA estimates it will take five years for the state-run oil producer to win back the credibility it lost among investors after a massive corruption scandal sent some of its top executives to jail. Aldemir Bendine told daily O Estado de S.Paulo that the corruption scandal will weigh... Continue Reading →
Fri Aug 7, 2015 2:26pm EDT EMERGING MARKETS-Brazil's real ends six-day slump; Petrobras sinks Bovespa By Asher Levine SAO PAULO, Aug 7 Brazilian financial markets swung widely on Friday as investors digested disappointing corporate results, central bank currency intervention, U.S. labor data and political turbulence. The Brazilian real rose for the first time after a... Continue Reading →
Dilma Rousseff said attempts to undermine her legitimacy as Brazil’s president won’t stand following reports that a growing number of lawmakers support impeachment. “This country is a democracy, a democracy that respects above all else one thing: direct election by popular vote,” she said Friday during a speech in northern Brazil. “Nobody can take away... Continue Reading →
Attached below is Webcast Presentation of the 2Q 2015 Results/ Webcast-2T15- Ingles
Brazil Energy Insight 