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WSJ At $50 per barrel, falling Brent prices started to hurt rather than help shares and other risky assets ENLARGE There are some signs that the influence of oil on other assets may be fading. Above, the Transocean John Shaw oil platform in Cromarty, U.K. PHOTO: BLOOMBERG NEWS By JAMES MACKINTOSH April 19, 2016 12:06... Continue Reading →
Brazil’s real led gains among major peers as the central bank refrained from weakening the currency after selling $32.3 billion in reverse swaps over the past month. The real rose 2.4 percent to 3.5322 per dollar on Tuesday, taking a breather from the central bank’s auctions, which are equivalent to buying dollars in the futures market.... Continue Reading →
Should she succeed the question is how will she manage the country with only 28% support from Congress?? Brazil’s President Dilma Rousseff on Monday pledged to continue fighting an impeachment process that she considers a threat to democracy and a personal affront. Visibly downcast, Rousseff struck a personal tone in her first speech since the... Continue Reading →
Economist The vice-president is likely to take power. He will not find it easy to govern the country Apr 18th 2016 | BRASÍLIA AT 11.07pm on April 17th federal deputy Bruno Araújo of Pernambuco state cast the most momentous vote in his parliamentary career. The lawmaker for the centre-right opposition Party of Brazilian Social Democracy... Continue Reading →
Dilma Rousseff is running out of time and options as her enemies close in on the first impeachment of a Brazilian president in 24 years. After a dramatic defeat in an impeachment vote in the Lower House on Sunday, she may have only a couple of weeks to turn around growing momentum for her... Continue Reading →
Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be. The real and the Ibovespa slumped even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling... Continue Reading →
When Brazilian legislators gather to impeach a president, it’s anything but a solemn affair. Think Carnival of Brazil. In an impassioned, 10-hour session in Brazil’s lower house of Congress on Sunday to vote on the impeachment of President Dilma Rousseff, the scene on the floor of the legislative chamber sometimes bordered on the surreal. Protester watch... Continue Reading →
Brazil's leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday and is almost certain to be forced from office months before the nation hosts the Olympics. Fireworks lit up the night sky in Brazil's megacities of Sao Paulo and Rio de Janeiro after... Continue Reading →
Keppel Corp., the world’s largest builder of oil rigs, reported a 41 percent decline in first-quarter profit as weak oil prices led to delivery delays of offshore projects. Net income dropped to S$211 million ($156 million) from S$360 million a year earlier, Keppel said in a statement Monday. Sales slumped 38 percent to S$1.7 billion... Continue Reading →
The drive to impeach Brazilian President Dilma Rousseff is going down to the wire as lawmakers and protesters descend on the lower house of Congress this Sunday for a vote that looks too close to call. Protesters supporting the impeachment of Rousseff demonstrate outside Congress on April 17. Photographer: Andressa Anholete/AFP via Getty Images Peaceful... Continue Reading →
Brazil Energy Insight 