House of Cards cannot compete with this live drama.... Brazilian President Michel Temer gave his blessing to an attempt to pay a potential witness to remain silent in the country's biggest-ever graft probe, according to plea bargain testimony by a powerful businessman, newspaper O Globo reported on Wednesday. Temer's office on Wednesday acknowledged he had... Continue Reading →

Brazil's central bank said on Thursday it was monitoring the impact of media reports that President Michel Temer gave his blessing to efforts to bribe a potential witness in a major graft probe and it would act to keep markets functioning properly. "The Central Bank is monitoring the information recently released by the media and... Continue Reading →

Brazilian markets plunged in early trading as a fresh political crisis ensnared President Michel Temer and threatened to derail a reform agenda that had helped restore confidence in the embattled South American nation. Futures of the benchmark Ibovespa gauge plunged 10 percent, and futures of the real hit circuit breaker limits after sinking 6 percent.... Continue Reading →

The chairman of meatpacking giant JBS SA secretly recorded his discussion with Brazilian President Michel Temer about payments to jailed former House Speaker Eduardo Cunha in return for his silence, newspaper O Globo reported on Wednesday. The paper reported, without saying how it obtained the information, that JBS Chairman Joesley Batista and his brother, Chief... Continue Reading →

  The National Petroleum Agency (ANP) will adopt measures to stimulate the participation of investment funds in the upcoming auctions of oil areas. According to the Director General of the agency, Décio Oddone. Among the measures will be the reduction of companies' capital requirements for participation and simplification of practices for consortium formation. - We... Continue Reading →

Here we go again..... The head of Brazil's top electoral court said on Tuesday that justices would again next month take up a case that could annul the 2014 election on charges of illegal campaign financing and even unseat President Michel Temer. Justice Gilmar Mendes, who also sits on Brazil's supreme court, said the trial... Continue Reading →

CHC Brasil, a subsidiary of CHC Helicopter (CHC), officially opened its new hangar at Benedito Lacerda Airport in Macaé. The new 1,270-square-foot facility is designed to accommodate up to three aircraft internally and will support the operation of the S-76, S-92 and AW139 aircraft for customers in the region. Present in Macaé since 1996, the... Continue Reading →

There seems to be little doubt that a recovery in the rig market will happen one day, and from the analyst reports to dinner party philosophizing, the focus seems held on the timing of this expected recovery, not the likelihood of it happening. But less attention is given to what that recovery might look like... Continue Reading →