Brazil’s Currency Extends Biggest Quarterly Decline Since 2002 By Paula Sambo 10:34 AM BRT March 30, 2015 (Bloomberg) -- Brazil’s real extended its biggest quarterly decline since 2002 amid concern that comments from Finance Minister Joaquim Levy reported over the weekend will make it harder for the government to rein in deficits and preserve the... Continue Reading →
Dealing with Dilma
Brazil and its president Dealing with Dilma Many Brazilians are fed up with their president. But impeaching her would be a bad idea Mar 28th 2015 | From the print edition SHE is less than three months into her second term, but already most Brazilians want to see the back of Dilma Rousseff. Grappling with... Continue Reading →
Skagen Bets on Petrobras as Producer Seen Emerging Stronger
Skagen Bets on Petrobras as Producer Seen Emerging Stronger By Jonas Cho Walsgard 7:01 PM BRT March 29, 2015 (Bloomberg) -- Skagen AS, whose emerging market fund has beaten the benchmark eight of the past 10 years, is snapping up shares in Petroleo Brasileiro SA in a bet the state-owned oil producer will emerge stronger... Continue Reading →
Economists Again Cut Growth Forecasts for Brazil
Economists Again Cut Growth Forecasts for Brazil Brazil’s 2015 GDP is expected to shrink by 1% this year By ROGERIO JELMAYER/WSJ March 30, 2015 7:59 a.m. ET SÃO PAULO—Economists again cut their growth forecasts for Brazil in 2015 and for next year, as Latin America’s largest economy struggles to regain traction. Brazil’s 2015 gross domestic... Continue Reading →
Petrobras Said to Start Asset Sale With Fields in Argentina
Petrobras Said to Start Asset Sale With Fields in Argentina By Rodrigo Orihuela Daniel Cancel 11:48 AM BRT March 27, 2015 Billionaire Eduardo Eurnekian. Photographer: Scott Eells/Bloomberg (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to... Continue Reading →
Mexico’s Pemex Lands Pipeline Deal With BlackRock, First Reserve
Mexico’s Pemex Lands Pipeline Deal With BlackRock, First Reserve Project will bring cheap U.S. natural gas to central Mexico Pemex has landed a major investment deal for a natural-gas pipeline. PHOTO: BLOOMBERG NEWS By LAURENCE ILIFF/WSJ March 26, 2015 5:33 p.m. ET MEXICO CITY—National oil company Petróleos Mexicanos has landed its first major investment since an overhaul... Continue Reading →
Petrobras Names Vale CEO Ferreira to Take Over Board on April 29
Petrobras Names Vale CEO Ferreira to Take Over Board on April 29 by Juan Pablo Spinetto Paula Sambo 10:11 AM BRT March 27, 2015 (Bloomberg) -- Petroleo Brasileiro SA is appointing the top executive at iron-ore miner Vale SA to lead its board from the end of next month as Brazil’s state-run oil producer attempts... Continue Reading →
PETROBRAS/Clarification on News: Financial Statements
Notices and Facts - PETROBRAS Clarification on News: Financial Statements Rio de Janeiro, March 26, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER/CVM/SEP/GEA-1/No. 91/2015, which requests the following information: OFFICIAL LETTER /CVM/SEP/GEA-1/No. 91/2015 “In reference to news released today by Agência Estado – Broadcast at 7:09:57 p.m. entitled “Sources: Petrobras to record... Continue Reading →
Brazil’s Economy Expanded Slightly in 2014
Brazil’s Economy Expanded Slightly in 2014 Economy grew 0.1% for the year, but shrank 0.2% in the fourth quarter By JEFFREY T. LEWIS and ROGERIO JELMAYER/WSJ March 27, 2015 8:38 a.m. ET SÃO PAULO—Brazil’s economy grew slightly in 2014 from 2013, a better-than-expected performance, but shrank in the fourth quarter from a year earlier as investment... Continue Reading →
Petrobras Boardroom Helm Handed to Rousseff State Banker Ally
Petrobras Boardroom Helm Handed to Rousseff State Banker Ally By Juan Pablo Spinetto Sabrina Valle 6:48 PM BRT March 26, 2015 (Bloomberg) -- Petroleo Brasileiro SA appointed a long-time ally of President Dilma Rousseff to lead its board, shunning calls to regain credibility by naming a more market-friendly executive. Petrobras, the Rio de Janeiro-based oil... Continue Reading →
