Brazilian President Michel Temer’s disapproval rating surged in an opinion poll as the nation’s economy remains mired in its worst recession on record. About 51 percent of respondents rated Temer’s government as bad or terrible, up from 31 percent in July, according to a Datafolha poll published in Folha de S. Paulo newspaper Sunday. Forty... Continue Reading →

A former director of Brazilian engineering firm Odebrecht SA told prosecutors that the company made several illegal contributions to politicians from the ruling PMDB party including President Michel Temer, according to a report aired Friday night by Globo TV. If prosecutors prove the accusations, Temer could face an impeachment trial that could destabilize his six-month-old... Continue Reading →

  The Merchant Marine Fund has granted priority for financial support to the South American Tanker Company Navigação S.A. (Satco) for the acquisition of eight tanker vessels. The Atlântico Sul Shipyard (EAS), in Suape (PE), has a memorandum of understanding with Satco for the construction of the vessels, totaling more than R $ 2.2 billion.... Continue Reading →

Brazil's Supreme Court on Wednesday overturned an injunction that ordered the indicted head of the Senate, Renan Calheiros, to step down, voting to allow him to continue in the post but not in the presidential line of succession. The 6-3 ruling defuses a clash between the top court and the Senate that threatened to derail... Continue Reading →

The issue of designing effective instruments that protect long-term foreign investors from bouts of currency volatility in Brazil is crucial to helping lure capital for infrastructure in the years ahead, a financial industry group said on Wednesday. Financial institutions are currently discussing how to create so-called hedging instruments so that foreign funds and the infrastructure... Continue Reading →

 Dec 7 (Reuters) - Brazilian shipbuilder Engevix Construcoes Oceanicas (Ecovix) is expected to file for bankruptcy protection from creditors in a local court this month, the newspaper Valor Economico said on Wednesday.   The company, based in Rio de Janeiro, has more than 6 billion reais ($1.7 billion) in outstanding debts, according to Valor. Ecovix... Continue Reading →

December 7, 2016 - Aker Solutions today completed the acquisition of 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda. Aker Solutions in October announced the agreement to buy the majority stake in C.S.E. The agreement includes an option for Aker Solutions to purchase the remaining 30 percent of the company three years from now.... Continue Reading →

“What’s the country code for Australia?” Pemex Chief Executive Office Jose Antonio Gonzalez Anaya asks the six people in his 44th-floor office in Mexico City on Monday afternoon. “Is it 61? This might be our new partner calling.” It is. Andrew Mackenzie, CEO of Melbourne-based BHP Billiton Ltd., was phoning after beating a rival bid to become Petroleos Mexicanos’ first-ever... Continue Reading →