Brazilian Real Advances as Fed Outlook Overshadows Levy Setback by Paula Sambo/Bloomberg 10:15 AM BRT May 14, 2015 i Brazil’s real led gains among major currencies as speculation the Federal Reserve will keep interest rates near zero overshadowed a setback in Finance Minister Joaquim Levy’s spending cut efforts. The real rose 1 percent to 3.0087 per... Continue Reading →
Brazil Congress Upsets Levy Measures With Push to Boost Pensions
Brazil Congress Upsets Levy Measures With Push to Boost Pensions By Raymond Colitt Arnaldo Galvao/Bloomberg 7:44 PM BRT May 13, 2015 Joaquim Levy, finance minister of Brazil, speaks at the Bloomberg Americas Monetary Summit in New York, on April 20, 2015. Photographer: Michael Nagle/Bloomberg Brazil’s lower house approved an amendment that raises benefits for pensioners,... Continue Reading →
Shale-Oil Producers Ready to Raise Production
Shale-Oil Producers Ready to Raise Production Bringing shale-oil rigs back into service sets up the first big test of producers’ ability to react to rising crude prices A Pioneer Natural Resources oil rig in the Eagle Ford shale region of Texas. The company said last week it hopes to increase drilling and add two new... Continue Reading →
Saudi claims oil price strategy success
http://www.ft.com/cms/s/2/69350a3e-f970-11e4-be7b-00144feab7de.html#ixzz3a2uhthvG Last updated: May 13, 2015 6:56 pm Saudi claims oil price strategy success Anjli Raval in Riyadh/FT ©PA The New Oil Order Saudi Arabia says its strategy of squeezing high-cost rivals such as US shale producers is succeeding, as the world’s largest crude exporter seeks to reassert itself as the dominant force in the global oil market.... Continue Reading →
Brazil’s Real Erases Gain After Net Outflow Posted in Early May
Brazil’s Real Erases Gain After Net Outflow Posted in Early May by Paula Sambo/Bloomberg 10:13 AM BRT May 13, 2015 Brazil’s real declined, erasing its gain after the central bank posted a net foreign-exchange outflow of $2.56 billion from May 1-8. The real depreciated 0.2 percent to 3.0247 per dollar at 12:56 p.m. in Sao... Continue Reading →
Brazil’s Levy says sees temporary slowdown, fiscal discipline essential
Wed May 13, 2015 6:50am EDT Brazil's Levy says sees temporary slowdown, fiscal discipline essential By Jamie McGeever May 13 (Reuters) - Brazilian Finance Minister Joaquim Levy said on Wednesday that he expected the country's economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom... Continue Reading →
EM currencies v Fed: India much better positioned than Brazil
http://www.ft.com/cms/s/0/7cff298e-f8b0-11e4-8e16-00144feab7de.html#ixzz3a1Vbhjvu EM SQUARED May 13, 2015 12:27 pm EM currencies v Fed: India much better positioned than Brazil Jonathan Wheatley/FT Things have changed since the taper tantrum of 2013, for better and worse ©AFP As this week’s sell-off in Asian currencies reminds us, the mood among investors in emerging markets is one of nervous agitation. Behind it... Continue Reading →
IMF Says Brazil Must Pursue Austerity, Meet Targets
IMF Says Brazil Must Pursue Austerity, Meet Targets ‘Fiscal consolidation should proceed without delay,’ International Monetary Fund says By PAULO TREVISANI/WSJ May 12, 2015 5:33 p.m. ET BRASÍLIA—Brazil’s government needs to implement its plans to improve its financial situation and bring price increases under control to help restore confidence, competitiveness and growth to the economy,... Continue Reading →
IEA: OPEC Battle for Oil Market Share Just Beginning
IEA: OPEC Battle for Oil Market Share Just Beginning Paris-based watchdog maintains 2015 oil demand growth forecast at 1.1 million barrels a day Towers dot the skyline at an old oil field near Baku, Azerbaijan. OPEC sparked a struggle for market share after it decided not to cut production in November. PHOTO: BLOOMBERG NEWS By SARAH KENT/WSJ... Continue Reading →
Maersk Profit Misses Estimates as Container Line Loses Share
Maersk Profit Misses Estimates as Container Line Loses Share By Christian Wienberg/Bloomberg 3:06 AM BRT May 13, 2015 European Stocks Slide as G-20 Rebuffs Boosting IMF Brendon O'Hagan/Bloomberg A.P. Moeller-Maersk A/S, Denmark’s biggest company, reported first-quarter profit that missed analyst estimates after its shipping line lost market share. Maersk Line, the world’s largest container shipper,... Continue Reading →
