Brazil’s real declined for a fourth straight month amid increasing tension between President Dilma Rousseff and her party as a corruption probe gets closer to her administration, offsetting China’s efforts to boost its economy. The currency dropped 0.4 percent to 4.0159 per U.S. dollar Monday, after advancing as much as 1.2 percent earlier. While one-week... Continue Reading →

Brazilian Justice Minister Jose Eduardo Cardozo will step down and take over as the nation’s attorney general, according to the presidential press office. President Dilma Rousseff will replace Cardozo with Wellington Cesar Lima e Silva, the chief prosecutor from Bahia state, the press office said in a statement Monday. The current attorney general, Luis Inacio... Continue Reading →

Petroleos Mexicanos’s financial woes continue to mount as the country’s biggest company reported a $9.3 billion loss in the fourth quarter and laid out plans for deep spending cuts this year. Pemex lost about $32 billion in all of 2015 as oil prices plunged and the company’s crude output fell for an 11th straight year,... Continue Reading →

For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a... Continue Reading →

Brazil's Justice Minister Jose Eduardo Cardoso plans to resign, fed up with rising attacks from his Workers' Party over a police probe into the activities of former Brazilian President Luiz Inacio Lula da Silva, two Brazilian newspapers reported Sunday. Cardoso will quit this week, Folha de S.Paulo said. Cardoso, who took office with Lula's PT... Continue Reading →

February 29, 2016 Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been certified as a Top Employer Global 2016 for the second year in a row. The Global certification is a recognition launched last year for the first time by the Top Employers Institute. Out of the eight global organizations rewarded this year, Technip remains the only company... Continue Reading →

Brazilian police said they launched a probe into bribes and overbilling in two large railway contracts, serving search and seizure warrants on Friday in six states and the capital Brasilia. Prosecutors said the operation was based on testimony from plea and leniency deals with construction firm Camargo Correa SA in an ongoing corruption probe into... Continue Reading →

Brazilian political strategist Joao Santana earned his nickname 'the maker of presidents' by guiding leftist leaders to power in Latin America and Africa, but his arrest this week could unmake his most important client, President Dilma Rousseff. A member of Rousseff's inner circle who masterminded her two successful election campaigns, Santana is accused by prosecutors... Continue Reading →

The United States turned into a net natural gas exporter for a day after the first liquefied natural gas export from Cheniere Energy Inc's Sabine Pass terminal in Louisiana left for Brazil on Wednesday. The United States however is not expected to become a net exporter of gas on an annual basis until 2017 after... Continue Reading →