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Investors betting that Brazil’s corruption scandal will hasten President Dilma Rousseff’s downfall and usher in a stronger leader to pull Latin America’s largest economy from recession may want to think again. Brazil’s stock index rose the most among its global peers in the past week and the real touched an almost three-month high as corruption... Continue Reading →
Ben Van Beurden staked his reputation on Royal Dutch Shell Plc’s $53 billion acquisition of BG Group Plc as crude slumped. Analysts are rewarding the chief executive officer by putting the enlarged company in pole position to exploit a market upturn. Shell’s shares will rise about 12.2 percent in the next 12 months, the most among the... Continue Reading →
Brazil’s real strengthened, defying a slump in emerging-market currencies and reversing an earlier loss, after the central bank stepped in to boost the supply of dollars in the market. The currency advanced 0.3 percent to 3.7743 per dollar as of 1:49 p.m. in Sao Paulo. The central bank announced it will auction as much as... Continue Reading →
The impeachment campaign against Brazilian President Dilma Rousseff regained momentum last week after police questioned her predecessor Luiz Inacio Lula da Silva on allegations he benefited from a kickback scheme at state-run oil company Petrobras. Markets rallied on hopes that the latest development would speed up a resolution to the political stalemate that has... Continue Reading →
Rising from a shoeshine boy to become Brazil's first working class president, Luiz Inácio Lula da Silva is a hero to millions of Brazilians and the very face of change in Latin America's biggest country. His detention for questioning on Friday in a massive corruption probe may also make him a symbol for many Brazilians... Continue Reading →
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a two-year-long probe of a vast corruption scheme involving state oil company Petroleo Brasileiro SA, or Petrobras , a political crisis that threatens his successor, President Dilma Rousseff. The following are some of the main events in the investigation:... Continue Reading →
The arrest of former Brazilian president Luiz Inacio Lula da Silva fueled a massive market rally but once the euphoria fades, investors will still face concerns about political chaos and an economy mired in a deep recession. Lula's detention for questioning in a bribery and money laundering probe and the move's dire implications for his... Continue Reading →
As soon as police raided the home of former Brazil President Luiz Inacio Lula da Silva and questioned him early Friday, red-shirted activists of his Workers’ Party took to the streets. Fist fights broke out with police as well as with those applauding the detention -- a preview of the unrest that likely awaits Brazil... Continue Reading →
Emerging-market currencies rallied to a three-month high as Brazil’s real surged on bets support is growing for the impeachment of President Dilma Rousseff and on speculation better-than-expected U.S. jobs data will underpin demand from the world’s biggest economy. The real headed for its best week since 2008 and Petroleo Brasileiro SA jumped 12 percent after the arrest... Continue Reading →
IS THIS THE SMOKING GUN AND THE SILVER BULLET??? Brazilian police detained former President Luiz Inacio Lula da Silva, the highest-profile figure targeted so far in a corruption probe that has rocked Latin America’s largest country and is drawing closer to its center of power. Brazil’s Highs and Lows Police said he was taken to... Continue Reading →
Brazil Energy Insight 