Moody's * Changes outlook on brazil's ba2 issuer rating to stable from negative * Moody's on brazil says risk of contingent liabilities from government-related entities, captured in negative outlook, has been significantly reduced * Moody's on brazil says expectation that the downside risks reflected in the negative outlook are abating and macroeconomic conditions stabilizing *... Continue Reading →

  03/15/2017 The news was released by the Norwegian financial newspaper Finansavisen and reports that the Aker Group, owned by Kjell Inge Røkke, is about to sell its oil services business. Earlier reports, citing people familiar with the matter, speculated that Norwegian billionaire Rokke was considering the sale of Aker Solutions, and that negotiations with... Continue Reading →

Brazil's president and senior lawmakers redoubled their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the expansion of a graft probe threatening the ruling coalition. The government's agenda received a vote of confidence from Moody's Investors Service, which cited progress on fiscal reforms as a reason for revising... Continue Reading →

A top Brazilian prosecutor said more than 350 new investigations will spring from a trove of testimony by executives of construction firm Odebrecht, revealing how corruption cut across the political spectrum from the smallest cities to the highest levels of government. Carlos Lima, the dean of a team of prosecutors in southern Brazil that is... Continue Reading →

Brazil's top public prosecutor dramatically expanded a corruption probe of the country's political establishment on Tuesday, asking the Supreme Court to open 83 new investigations of politicians named in explosive plea bargain testimony. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests to lower courts based on much-anticipated testimony by executives... Continue Reading →

  Company facing trial on Monday (03/13)   Schahin is more confident in the judicial recovery process. This is because Petrobras issued a certificate of good results in the operation of the Vitoria 10,000 drillship. The vessel is an important asset for the company’s survival.   For Schahin's lawyers, the specter of renewal of the... Continue Reading →

Brazil's Supreme Court is likely to begin ordering the release next month of suspects in the country's biggest corruption investigation who have been held for months without being brought to trial, a senior judicial source with knowledge of the matter told Reuters. Such a decision would be a setback for Sergio Moro, the federal judge... Continue Reading →

BP Plc’s shares surged the most this year after a London newspaper reported on rumors that Exxon Mobil Corp. sounded out major shareholders over a potential takeover. While a bid for BP can’t be ruled out, reports about Exxon’s interest have been around for years and analysts from Macquarie Capital Ltd. to Canaccord Genuity said a... Continue Reading →