Author: evan1313

Brazil Scandal Encroaching on Rousseff, Opposition’s Neves Says

Brazil Scandal Encroaching on Rousseff, Opposition’s Neves Says by Raymond Colitt Sabrina Valle/Bloomberg 11:45 AM BRT April 15, 2015 Brazil’s largest corruption scandal is encroaching on President Dilma Rousseff after the treasurer of her party was arrested, the leader of the country’s main opposition party said. “The political crisis is intensifying and is increasingly getting closer to... Continue Reading →

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Oil Rises to Three-Month High

Oil Rises to Three-Month High By Mark Shenk/Bloomberg 11:38 AM BRT April 15, 2015 Oil surged to the highest this year as a pause in the U.S. shale boom was seen easing the biggest supply glut since 1930. Crude supplies increased last week at the slowest pace since January, according to the Energy Information Administration.... Continue Reading →

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Petrobras shows corruption is now a high-stakes game in Brazil

http://www.ft.com/cms/s/0/2e2a58fe-de18-11e4-8d14-00144feab7de.html#ixzz3XOZamFwq April 15, 2015 3:10 pm Petrobras shows corruption is now a high-stakes game in Brazil Samantha Pearson/FT ©Reuters A protester dressed as Batman denounces the Petrobras affair in Brasília earlier this year In the 1980s, corruption in Brazil was a simple, albeit sweaty, affair. The first challenge for any executive entrusted with paying a bribe was... Continue Reading →

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IEA warns of ‘murkier’ oil outlook

http://www.ft.com/cms/s/0/9267f5bc-e343-11e4-aa97-00144feab7de.html#ixzz3XNk3cZEm April 15, 2015 9:11 am Anjli Raval, Oil and Gas Correspondent ©Bloomberg The rebalancing of the global oil market may still be in its early stage with the outlook “only getting murkier”, according to the International Energy Agency, as uncertainties remain about demand and supply responses to the steep drop in prices. “The backdrop against... Continue Reading →

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Brazil February Economic Activity Rises Above All Estimates

Brazil February Economic Activity Rises Above All Estimates By Mario Sergio Lima/Bloomberg 8:46 AM BRT April 15, 2015 Brazil’s economy unexpectedly expanded in February, as the government cuts spending and policy makers raise rates to tame above-target inflation in the world’s second-biggest emerging market. The seasonally adjusted economic index, a proxy for gross domestic product,... Continue Reading →

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Shale Output Is Falling Faster Than Expected

Shale Output Is Falling Faster Than Expected by Joe Carroll / Bloomberg 1:00 AM BRT April 15, 2015 Photographer: Spencer Platt/Getty Images Shale drillers will see production drop sooner than expected under a U.S. government forecast, a momentum change that hints at an eventual price rally. Just five months after Saudi Arabia put the market into... Continue Reading →

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