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China Grows South America Sway as Commodity Bust Cheapens Assets By Juan Pablo Spinetto David Biller/Bloomberg 6:20 PM BRT May 19, 2015 Li Keqiang, China's premier. Photographer: Krisztian Bocsi/Bloomberg China’s interest in Latin American isn’t just about oil and agriculture anymore. As Premier Li Keqiang tours Brazil, Colombia, Peru and Chile for the first time,... Continue Reading →
Tue May 19, 2015 5:57am EDT Brazil bets on rain, rules out power rationing in 2015 - TRFN BY ADRIANA BRASILEIRo RIO DE JANEIRO, May 19 (Thomson Reuters Foundation) - B razilian authorities have ruled out electricity rationing this year as a slowing economy and higher tariffs help reduce consumption. But water reservoirs in hydropower-dependent... Continue Reading →
Goldman Sees Oil at $45 by October After ‘Self-Defeating’ Rally By Ben Sharples/Bloomberg 5:18 AM BRT May 19, 2015 Oil is poised to slump to $45 a barrel by October as a surplus of crude and producers’ easy access to cash weigh on the market, according to Goldman Sachs Group Inc. A recovery in prices... Continue Reading →
Oil M&A Activity Likely to Pick Up in 2016, Citi Says By Harry Weber/Bloomberg 12:14 PM BRT May 19, 2015 Oil’s rebound and more certainty around company valuations are keys to driving mergers and acquisitions activity next year given the pent-up demand for deals, bankers said Tuesday at an energy forum in Houston. “The dam... Continue Reading →
Rousseff Says Brazil’s Budget Cuts to Be as Small as Possible Government aims to boost primary surplus to 1.2% of GDP By PAULO TREVISANI/WSJ May 19, 2015 2:05 p.m. ET BRASÍLIA—Brazil’s government, which is trying to improve its financial situation, will avoid excessive reductions to the national budget, President Dilma Rousseff said Tuesday. “We will make the... Continue Reading →
Latin America needs China to help close infrastructure gap Guest writer | May 19 11:45 \Beyondbrics - FT By Kevin P. Gallagher, Boston University’s Pardee School of Global Studies To many South American leaders, Chinese Premier Li Keqiang’s visit this week couldn’t come at a better time, and from a better country. China has been busy with Latin America,... Continue Reading →
Brazil's Massive Corruption Scandal Is Rocking Its Once-Superstar Economy Photographer: Gregg Newton/Bloomberg By David Biller/Bloomberg 11:35 AM BRT May 19, 2015 Some Brazilians worry that the biggest corruption scandal in their nation's history will end in what is known in their country as a pizza party, meaning the accused will find a way to get away... Continue Reading →
China Throws Brazil Multi-Billion Dollar Lifeline for Jets, Oil by Anna Edgerton Raymond Colitt/Bloomberg 3:12 PM BRT May 19, 2015 China extended billions of dollars in loans and investment to Brazil as the South American nation reels from a slowing economy and a corruption scandal engulfing its largest oil producer. China Development Bank and the Asian country’s... Continue Reading →
Mon May 18, 2015 2:04pm EDT Brazil prepares new tax hikes to meet fiscal goal -source BRASILIA/Reuters May 18 The Brazilian government plans a new round of tax hikes to meet its fiscal goal this year despite recent efforts to limit public expenditures, an official with knowledge of the decision said on Monday. President Dilma... Continue Reading →
Senior Brazilian Official Backs Chevron in Oil Pollution Case Prosecutor recommends that Brazilian courts reject $9.5 billion Ecuadorian contamination judgment By Paul Barrett/Bloomberg 2:21 PM BRT May 18, 2015 Photographer: David Paul Morris/Bloomberg Seeking to avoid payment of a disputed $9.5 billion pollution judgment in Ecuador, Chevron won a round in Brazil. Last week, a... Continue Reading →
