Brazil economists raised their 2015 inflation forecast, dimmed their outlook for economic activity and boosted their estimate for the benchmark rate this year after three sets of worse-than-expected data came out June 19 and construction executives were arrested. Read More
Poll Shows Dilma’s Approval Lowest Ever
Brazilian President Dilma Rousseff’s approval rating dropped to the lowest level of any leader since the impeachment of former president Fernando Collor de Mello in 1992, amid corruption scandals and a slowing economy. Read More
It is a New Ball Game
In arresting Marcelo Odebrecht, Brazilian federal prosecutors have netted themselves a whale. Odebrecht’s journey from heir and leader of one of Brazil’s largest family business empires and most influential companies to a jail cell in Curitiba is an economy-shaking development in the unfolding Petrobras bribery scandal that suddenly shows no signs of abating. Read More
Update and New Implications – Odebrecht CEO Arrested by Brazilian Federal Police
The arrest of 46-year-old Odebrecht, who has personal ties to former President Luiz Inacio Lula de Silva, could bring the scandal closer to the political heart of the ruling Worker's Party, already weakened by Brazil's largest ever corruption investigation known as "Operation Car Wash."
Brazil’s Real Falls on Poor Economic Performance
The real fell the most among major currencies as Brazil braced for its worst recession in 25 years after the central bank reported that the economy contracted more than forecast in April. Read More
Brazil Economic Activity in April Points to Recession
Economic activity in Brazil fell sharply in April from March, worse than already negative market estimates and showing still more evidence the once-booming economy is heading toward a recession. The Brazilian central bank's IBC-Br economic activity index , a gauge of farming, industry and services activity, fell 0.84 percent, more than double market expectations for... Continue Reading →
More Petrobras Divestment Rumors – Now is Sale of Biofuel Plants
As the press and market tries to guess the Petrobras Divestment Plan, various rumors are being published from "sources close to the company". Read More
Petrobras Board Names new CEO for Traspetro
Petrobras Transporte S.A. – Transpetro new CEO 06/17/2015 Rio de Janeiro, June 17th 2015 - Petróleo Brasileiro S.A. - Petrobras informs that the Board of Directors of its wholly-owned subsidiary Petrobras Transporte S.A. – Transpetro, in a meeting held today, designated Mr. Antônio Rubens Silva Silvino, current Executive Manager of Corporate Downstream in Petrobras, as... Continue Reading →
Brazil’s Real Rallies on Fiscal Support
Bets against the Brazilian real are at a four-month low as President Dilma Rousseff musters political support for efforts to cut budget deficits and preserve the nation’s credit rating. Read More
Brazil’s 2014 Fiscal Accounts Irregularities – The Smoking Gun?
Brazil’s audit tribunal summoned President Dilma Rousseff to explain signs of irregularities in the 2014 fiscal accounts that prevented the court from approving the country’s financial statements. Read More
Brazil Energy Insight 