Brazilian Currency Fluctuates Before Petrobras’s Audited Results By Filipe Pacheco/Bloomberg 10:21 AM BRT April 22, 2015 Brazil’s real swung between gains and losses as the state-controlled oil producer at the center of a widening corruption investigation was due to publish audited financial results for the first time since August. The real dropped 0.1 percent to... Continue Reading →
Brazil March Current Account Gap Wider Than Economists Forecast
Brazil March Current Account Gap Wider Than Economists Forecast By Mario Sergio Lima/Bloomberg 11:06 AM BRT April 22, 2015 Brazil’s current account deficit was wider than analysts expected last month, as a trade surplus wasn’t large enough to offset a deficit in international travel and machinery rental. The deficit in the current account, the broadest... Continue Reading →
BP Readies Defenses as Oil Industry Responds to Shell’s Raid
BP Readies Defenses as Oil Industry Responds to Shell’s Raid By Rakteem Katakey Matthew Campbell Matthew Monks 8:01 PM BRT April 20, 2015 BP executives are concerned the company is vulnerable to an opportunistic bid, according to people familiar with the situation. Photographer: Andrey Rudakov/Bloomberg As the oil industry takes stock of Royal Dutch Shell... Continue Reading →
Brazilian vice-president sees no impeachment case against Rousseff
Tue Apr 21, 2015 6:34am EDT Brazilian vice-president sees no impeachment case against Rousseff LISBON Brazil's President Dilma Rousseff (L) reacts next to Vice President Michel Temer during a ceremony to announce measures to modernize Brazilian soccer at the Planalto Palace in Brasilia March 19, 2015. REUTERS/UESLEI MARCELINO (Reuters) - Brazil's vice president has dismissed... Continue Reading →
Halliburton Beats Estimates, Boosts Job Cuts After Oil Crash
Halliburton Beats Estimates, Boosts Job Cuts After Oil Crash By David Wethe/Bloomberg 8:05 AM BRT April 20, 2015 Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc. Excluding certain items, the world’s second-biggest provider of oilfield services earned 49 cents a... Continue Reading →
Investors Grow Wary of Emerging-Market Debt
Investors Grow Wary of Emerging-Market Debt Fear of defaults grows as developing economies slow and dollar has climbed As the U.S. Federal Reserve prepares to increase interest rates, the dollar has surged, raising concerns about the debt of some emerging-market companies that borrowed in dollars. PHOTO: ANDREW HARRER/BLOOMBERG NEWS By CAROLYN CUI/WSJ April 19, 2015 3:58 p.m. ET... Continue Reading →
Halliburton’s Dimming Expectations
Halliburton’s Dimming Expectations Although the Halliburton-Baker Hughes deal looks different months later, it still makes sense. Baker Hughes, which Halliburton is buying, recently said it would stop publishing its closely watched North American well-count report in a cost-cutting measure. Baker Hughes, which Halliburton is buying, recently said it would stop publishing its closely watched North... Continue Reading →
Fitch warns of rising litigation risks at Brazilian banks
Fri Apr 17, 2015 6:21pm EDT Fitch warns of rising litigation risks at Brazilian banks SAO PAULO, APRIL 17 (Reuters) - Brazilian banks face rising risks of litigation due to an anti-corruption investigation of the country's tax appeal board CARF, adding to a wave of legal cases that could threaten lenders' bottom lines, Fitch Ratings... Continue Reading →
Hedge Funds Aurelius, Alden Oppose OAS Creditor-Protection Bid
Hedge Funds Aurelius, Alden Oppose OAS Creditor-Protection Bid By Boris Korby/Bloomberg 3:38 PM BRT April 17, 2015 Share on FacebookShare on Twitter Hedge funds Aurelius Capital Management LP and Alden Global Capital LLC objected to efforts by the bankrupt Brazilian construction company OAS SA to halt lawsuits against it in the U.S. OAS, which filed... Continue Reading →
UPDATE 2-Brazil’s Schahin says 28 units file for bankruptcy protection
Fri Apr 17, 2015 12:48pm EDT UPDATE 2-Brazil's Schahin says 28 units file for bankruptcy protection By Guillermo Parra-Bernal (Reuters) - Twenty-eight units of Brazilian engineering firm Grupo Schahin filed forbankruptcy protection on Friday as a corruption scandal at key client Petróleo Brasileiro SA hampered efforts to refinance up to 6.5 billion reais ($2.1 billion) in... Continue Reading →
Brazil Energy Insight 