http://www.ft.com/cms/s/0/0fdb4796-c6f8-11e4-9e34-00144feab7de.html#ixzz3U51hn2N0 GLOBAL INSIGHT March 11, 2015 8:58 am Petrobras scandal lays bare Brazil’s political fragilities Joe Leahy in São Paulo/FT President Rousseff faces a bruising second term — if she makes it that far ©AP Going by the first two months of her second term, Brazil’s President Dilma Rousseff is in for a brutal four years until... Continue Reading →

The oil price Dead cat rally The price of oil has bounced. But a recovery is some way off Mar 10th 2015 | Business and finance/The Economist STRONG demand and tight supply have stoked a rise in the oil price. Last week, it reached more than $60 for Brent (the benchmark price for North Sea oil) and... Continue Reading →

Former Petrobras Executive Says He Took Bribes Pedro Barusco, a former high-level manager, said he believes the governing party took twice as much as he did Former Petrobras executive Pedro Barusco listens to a question during his testimony before Congress in Brasilia, Brazil, on Tuesday. He told congressmen that he took bribes while working at... Continue Reading →

State oil firm's scandal scrambles Brazil's offshore dreams By ADRIANA GOMEZ LICON Associated Press AP Photo/Felipe Dana RIO DE JANEIRO (AP) -- Oil was to have been Brazil's "passport to the future," but the grand dreams tied to state company Petrobras have been brought to a screeching halt not only by falling crude prices, but... Continue Reading →

http://www.ft.com/cms/s/0/92136f40-c6fd-11e4-8e1f-00144feab7de.html#ixzz3TzJMabgC March 10, 2015 9:36 am Optimists see end for Brazil currency slide Joe Leahy in São Paulo When Brazil’s central bank met in late January to consider increasing interest rates, it predicted the currency, the real, would hover at R$2.65 to the dollar for the next two years. On Monday, the currency closed at about... Continue Reading →