Brazilian Currency Drops as China Weakness Damps Local Prospects By Paula Sambo/Bloomberg 10:20 AM BRT April 13, 2015 Brazil’s real fell the most in two weeks as a decline in China’s imports damped prospects for the Latin American nation’s suppliers of raw materials. The real dropped for a third straight day, declining 0.8 percent to... Continue Reading →
JPMorgan Banker Sees ’08 Crisis Echoes in Brazil Capital Markets
JPMorgan Banker Sees ’08 Crisis Echoes in Brazil Capital Markets By Paula Sambo Denyse Godoy/Bloomberg 8:00 PM BRT April 12, 2015 JPMorgan Chase & Co.’s Ricardo Leoni says he’d have to hearken back to the tumult that gripped global markets seven years ago to recall a time when Brazilian companies were so loath to tap... Continue Reading →
Brazil Lawmakers Push for Easing of Deepwater Oil Restraints
Brazil Lawmakers Push for Easing of Deepwater Oil Restraints By Anna Edgerton/Bloomberg 12:00 AM BRT April 13, 2015 An oil rig works in oil exploration and production operations in the pre-salt oil fields located offshore. The deposits are buried miles beneath the Atlantic seabed under a layer of salt, and it can cost more than... Continue Reading →
Brazil Economists Cut 2015 CPI Outlook for First Time This Year
Brazil Economists Cut 2015 CPI Outlook for First Time This Year By David Biller ( Bloomberg) 9:19 AM BRT April 13, 2015 Brazil economists cut their 2015 inflation outlook for the first time this year, as the government increases interest rates and reaffirms its commitment to cut spending. Analysts cut their year-end inflation forecast to... Continue Reading →
Bradesco Asset Management puts up names for Petrobras board
Fri Apr 10, 2015 8:10pm EDT Bradesco Asset Management puts up names for Petrobras board SAO PAULO, APRIL 10 (Reuters) - The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday... Continue Reading →
Nearly a million protest Brazil’s president, economy, corruption
Sun Mar 15, 2015 10:17pm EDT Nearly a million protest Brazil's president, economy, corruption RIO DE JANEIRO | BY PAULO PRADA (Reuters) - Close to a million demonstrators marched in cities and towns across Brazilon Sunday to protest a sluggish economy, rising prices and corruption - and to call for the impeachment of left-wing President Dilma Rousseff. The protests... Continue Reading →
Antigovernment Protesters Return to Brazilian Streets
Antigovernment Protesters Return to Brazilian Streets Many blame ruling party for faltering economy, climate of corruption crippling Petrobras Antigovernment protesters returned to the streets of several Brazilian cities Sunday. People taking part in a protest in Brasília against the government of Brazilian President Dilma Rousseff hold signs reading ‘Dilma Out’. PHOTO: EVARISTO SA/AGENCE FRANCE-PRESSE/GETTY IMAGES By MARLA... Continue Reading →
Petrobras sees cost of corruption at up to 6 billion reais – report
Fri Apr 10, 2015 2:08pm BST Related: BUSINESS Petrobras sees cost of corruption at up to 6 billion reais - report RIO DE JANEIRO A demonstrator holds a placard during a protest against Brazil's President Dilma Rousseff at Paulista Avenue in Sao Paulo March 15, 2015. REUTERS/NACHO DOCE (Reuters) - Brazil's state-run oil company Petrobras... Continue Reading →
IMF sees Brazil economy shrinking, growth hinging on austerity
Fri Apr 10, 2015 5:37pm EDT IMF sees Brazil economy shrinking, growth hinging on austerity GOIANIA, BRAZIL | BY ALONSO SOTO A street vendor holds goods for sale among cars during a traffic jam in Rio de Janeiro March 19, 2015. REUTERS/RICARDO MORAES (Reuters) - The Brazilian economy will likely shrink this year, but the South American country could return... Continue Reading →
It Just Does Not Stop…
Brazilian Prosecutors Allege Corruption at Health Ministry, Caixa Economica Ghost companies were set up to channel funds to politicians, prosecutor says By ROGERIO JELMAYER and LUCIANA MAGALHAES/WSJ Updated April 10, 2015 11:28 a.m. ET SÃO PAULO—Brazilian prosecutors investigating corruption at state-controlled oil company Petroleo Brasileiro SA, or Petrobras, said Friday they have found evidence of fraud at the country’s... Continue Reading →
