The Minister of Mines and Energy, Fernando Coelho Filho, told the Folha newspaper that the government will "soften" the local content rules in the oil sector and should extend the tax exemption program for the purchase of petroleum equipment, called Repetro, for more 20 years. According to him, the measures, which are due to... Continue Reading →

  President lists economic achievements as currency plunges after Donald Trump victory   by: Joe Leahy in São Paulo/FT Brazil’s president Michel Temer has moved to shore up confidence in his reform programme after the country’s currency was one of the worst hit in an emerging market sell-off sparked by Donald Trump’s US election victory. The Temer government on Saturday... Continue Reading →

Nov 14 The Brazilian real slumped for a fourth straight day on Thursday, as concern over U.S. President-elect Donald Trump and higher U.S. yields drove the central bank to intervene. Rates paid on U.S. Treasury debt surged on fears that Trump's pledges of heavy infrastructure spending and tax cuts could boost inflation and force the... Continue Reading →

Fri Nov 11, 2016  The Brazilian real weakened 3 percent in early trading on Friday even after the central bank stepped up currency interventions amid lingering concerns related to the election of Donald Trump as U.S. President this week. The real reached 3.47 reais, the weakest level since mid-June, extending losses to nearly 9 percent... Continue Reading →

Thu Nov 10, 2016 | Reuters The Brazilian real slumped over 5 percent on Thursday, its biggest daily loss since the 2011 Greek debt crisis, as concerns over a potential trade shock under U.S. President-elect Donald Trump prompted investors to shun risky assets. The sharp move pushed the real past 3.3 to the U.S. dollar... Continue Reading →

Uncertainty is the key word in reaction to Trump win in Brazil. Frankly, we don't see any changes in the relationship between both countries. It was somewhat strained during the Dilma administration, but has been gradually improving these last few months with the new Temer administration. Historically Republican administrations have been a better ally to... Continue Reading →

Oil declined as Republican Donald Trump was elected the 45th U.S. president, prevailing over Democrat Hillary Clinton in a victory that threw global markets into turmoil. Futures fell as much as 4.3 percent in New York to the lowest since September while U.S. stock index futures and Asian equities slid with the Mexican peso, as investors... Continue Reading →

U.S. and Swiss investigators are working with Brazilian counterparts to complete negotiations with Odebrecht, the construction company at the center of a massive political kickback scandal, in what is likely to be the world's largest leniency deal, people involved in the talks said. Upwards of 80 Odebrecht employees are negotiating plea bargains and a leniency... Continue Reading →