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With the price of oil near levels not seen since the depths of the financial crisis, analysts are increasingly bearish on whether crude can break out of its year-long slump. A survey of 10 investment banks by The Wall Street Journal is forecasting that the price of oil will stay below $70 a barrel until... Continue Reading →
Moody’s Investors Service cut Brazil to the cusp of junk on Tuesday, and it was the first piece of good news investors had heard in a while. The company’s decision to assign a stable outlook to Brazil’s rating, now at the lowest level of investment grade, was welcomed by traders who had been widely anticipating... Continue Reading →
Moody’s Investors Service cut Brazil’s rating to the cusp of junk, the second time the sovereign has suffered a downgrade since President Dilma Rousseff came to office in 2011. The ratings company decreased the country’s grade by one notch to Baa3, with a stable outlook. Standard & Poor’s cut the nation’s rating to the lowest... Continue Reading →
Brazil’s real fell toward a 12-year low as a devaluation in China, the nation’s biggest trading partner, damped prospects for exporters. Ibovespa futures dropped and iron-ore miner Vale SA tumbled in early U.S. trading after the decision by China triggered the yuan’s biggest one-day drop since January 1994. The real joined a decline in developing-nation... Continue Reading →
The Brazil selloff that pushed the real to a 12-year low and sent bond yields to a record high is starting to lure money managers wagering that things can’t get much worse. Investors who can stomach the volatility can pick up dollar-denominated notes that yield over two percentage points more than similarly rated Philippines bonds,... Continue Reading →
The Brazilian real’s volatility is near the highest since May amid concern political turmoil will make it impossible for President Dilma Rousseff to pare deficits and avoid a junk credit rating. Swings between losses and gains in the past week added to the risk for investors wanting to take advantage of the highest interest rates... Continue Reading →
Fri Aug 7, 2015 2:26pm EDT EMERGING MARKETS-Brazil's real ends six-day slump; Petrobras sinks Bovespa By Asher Levine SAO PAULO, Aug 7 Brazilian financial markets swung widely on Friday as investors digested disappointing corporate results, central bank currency intervention, U.S. labor data and political turbulence. The Brazilian real rose for the first time after a... Continue Reading →
Attached below is Webcast Presentation of the 2Q 2015 Results/ Webcast-2T15- Ingles
In a securities filing distributed early on Friday, Petrobras said the listing of BR Distribuidora would depend on global and domestic market conditions. Petrobras will pursue all the necessary authorizations from securities industry watchdog CVM as well as other regulatory agencies to carry out the transaction, the filing said. Petrobras did not specify terms of... Continue Reading →
Latin America's largest economy has a 70 percent chance of losing its investment grade rating in the next few years, according to the median estimate in a Bloomberg News survey of economists. Standard & Poor's said last week it may downgrade the country's rating and revised its outlook to negative from stable. Brazil's bonds are... Continue Reading →
Brazil Energy Insight 