Bonds issued by Venezuela’s state oil company rallied after the country made $2.2 billion in payments on notes that matured Wednesday. The $1.1 billion of notes from Petroleos de Venezuela that come due in seven months gained 2.1 cents to 87.3 cents on the dollar as of 3:17 p.m. in New York. The payment, which... Continue Reading →

Brazil's central bank is widely expected to speed up monetary easing on Wednesday, taking advantage of slowing inflation to try to revive an economy still struggling with its deepest recession on record. All but one of the 47 economists polled by Reuters expected the bank to cut its benchmark Selic rate BRCBMP=ECI by 100 basis... Continue Reading →

A Supreme Court justice dealt President Michel Temer and Brazil's political elite a heavy blow on Tuesday by ordering investigations into eight cabinet ministers and dozens of lawmakers allegedly linked to the country's biggest corruption scandal. The list of names under investigation released by Justice Edson Fachin read like a Who's Who of Brazilian politics,... Continue Reading →

/js/libs/html5shiv-printshiv.js SYDNEY--(BUSINESS WIRE)--Speedcast International Limited (ASX: SDA), the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, today announced it has won two new systems integration projects with a leading fabricator for the oil and gas industry. In both contracts, Speedcast has been named telecoms systems integrator, responsible for all... Continue Reading →

Dutch offshore shipbuilder Damen has agreed to buy the Keppel Verolme shipyard from Singapore’s largest rig builder, Keppel Offshore & Marine. Keppel said the proposed sale comes after a strategic review and as part of the company’s efforts to optimize its operations and rationalise its global network of yards. “Keppel O&M continues to see opportunities in... Continue Reading →

Engie Brasil is the largest private power generator in the country with 9.3 gigawatts of total capacity. It is only behind state-controlled power holding company Centrais Elétricas Brasileiras SA in generation capacity. ....opportunities in natural gas should arise as state-run oil firm Petróleo Brasileiro SA advances in its divestment program, which includes the sale of... Continue Reading →

State-owned oil company Pemex said on Wednesday that Mexican prosecutors have called for testimony from Pemex officials in an investigation of a bribery scandal around Brazil-based builder Odebrecht. Pemex said in a statement that Mexico's attorney general's office on April 3 had requested testimony from company officials, whom Pemex did not name, as well as... Continue Reading →