BG Group's profits gush ahead of forecasts FT/May 8, 2015 UK energy company BG Group has reported forecast-busting quarterly earnings, as it prepares for a £55bn takeover by larger rival Royal Dutch Shell. The company's sales and earnings are sharply lower than this time last year, thanks to an oil price plunge that began last... Continue Reading →

Thu May 7, 2015 12:32pm EDT Brazil comptroller says Germany's Bilfinger seeking leniency deal SAO PAULO May 7 (Reuters) - German engineering firm Bilfinger has become the first international company to disclose to Brazil that it may have paid bribes as it seeks leniency under a new anti-corruption law, Comptroller General Valdir Simão said on... Continue Reading →

Brazil’s Real Leads Major Currency Gains on Central Bank Outlook By Paula Sambo/Bloomberg 10:20 AM BRT May 7, 2015 Brazil’s real led gains among major currencies and swap rates rose on speculation the central bank will keep raising borrowing costs until analysts forecast that inflation will slow to the official target. Expectations that the central... Continue Reading →

Brazil Said to Wait for 4.5% CPI Forecast Before Rate Cut by Andre Soliani Costa 2:50 PM BRT May 7, 2015 Brazil’s central bank will wait for analysts to cut their inflation outlook to 4.5 percent before considering whether to reverse monetary policy, a person close to the government’s economic team said. Forecasts that the... Continue Reading →

Brazil Central Bank Signals Continued Pace of Rate Increases By Mario Sergio Lima Raymond Colitt/Bloomberg 9:08 AM BRT May 7, 2015 Brazil’s central bank said it needs to do more to bring consumer price increases back to their target by the end of next year. Swap rates rose. “The gains achieved in the fight against... Continue Reading →

While Brazilians Shun Stocks, Foreign Investors Ignore Recession By Maria Levitov Julia Leite/Bloomberg 10:00 PM BRT May 6, 2015 Foreigners are piling into Brazilian stocks that local investors are avoiding. It’s a new twist in Latin America’s largest economy, which has seen some of the biggest emerging-market booms and busts over the past decade and... Continue Reading →

Fiscal Austerity Passes First Test in Brazil’s Congress Passage seen as victory for President Rousseff, who has called for fiscal reforms to avoid sovereign-debt downgrade By PAULO TREVISANI and DJANIA SAVOLDI/WSJ May 6, 2015 9:39 p.m. ET BRASÍLIA—Brazil’s lower house of Congress on Wednesday approved the first of two controversial austerity measures aimed at cutting government... Continue Reading →