Thu Apr 16, 2015 3:20pm EDT Exclusive: Petrobras to cut investments 20 pct in new 5-year plan - source RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petrobras is planning to cut investments by around 20 percent in a 2015-2019 business plan to be announced next month, compared to its last five-year plan, a... Continue Reading →
U.S. Crude Output Rose to 42-Year High in March, Increasing Glut
U.S. Crude Output Rose to 42-Year High in March, Increasing Glut By Mark Shenk/Bloomberg 4:00 PM BRT April 16, 2015 The U.S. pumped crude last month at the fastest pace since February 1973, sending March inventories to the highest level in 85 years. Crude output climbed 13 percent from a year earlier to 9.32 million... Continue Reading →
Dilma Rousseff accused of ‘outsourcing’ top government posts
http://www.ft.com/cms/s/0/48eb2bfa-e3ea-11e4-b407-00144feab7de.html#ixzz3XVDLePJM April 16, 2015 4:49 pm Dilma Rousseff accused of ‘outsourcing’ top government posts Joe Leahy in São Paulo/FT Crisis-hit Brazilian president weighs benefit of giving up control of key roles ©EPA/Sebastiao Moreira Demonstrators protest in São Paulo over the Petrobras scandal T he atmosphere at São Paulo’s mass political protests against President Dilma Rousseff’s government was... Continue Reading →
Brazilian Currency Rises to Six-Week High on Fed Policy Outlook
Brazilian Currency Rises to Six-Week High on Fed Policy Outlook By Filipe Pacheco/Bloomberg 10:00 AM BRT April 16, 2015 Brazil’s real climbed to a six-week high after a U.S. housing report added to speculation that the Federal Reserve will keep borrowing costs low for a longer period of time, supporting emerging markets. The currency rose... Continue Reading →
Brazil Sees Economy Shrinking 0.9% in 2015, Expanding 1.3% in 2016
Brazil Sees Economy Shrinking 0.9% in 2015, Expanding 1.3% in 2016 Guidelines sent to Congress help set goals for following year’s budget bill By PAULO TREVISANI And JEFFREY T. LEWIS/WSJ Updated April 15, 2015 6:23 p.m. ET BRASÍLIA—Brazil’s economy will contract 0.9% in 2015 and grow 1.3% in 2016, according to forecasts for the country’s 2016... Continue Reading →
Brazil Scandal Encroaching on Rousseff, Opposition’s Neves Says
Brazil Scandal Encroaching on Rousseff, Opposition’s Neves Says by Raymond Colitt Sabrina Valle/Bloomberg 11:45 AM BRT April 15, 2015 Brazil’s largest corruption scandal is encroaching on President Dilma Rousseff after the treasurer of her party was arrested, the leader of the country’s main opposition party said. “The political crisis is intensifying and is increasingly getting closer to... Continue Reading →
Oil Rises to Three-Month High
Oil Rises to Three-Month High By Mark Shenk/Bloomberg 11:38 AM BRT April 15, 2015 Oil surged to the highest this year as a pause in the U.S. shale boom was seen easing the biggest supply glut since 1930. Crude supplies increased last week at the slowest pace since January, according to the Energy Information Administration.... Continue Reading →
IEA warns of ‘murkier’ oil outlook
http://www.ft.com/cms/s/0/9267f5bc-e343-11e4-aa97-00144feab7de.html#ixzz3XNk3cZEm April 15, 2015 9:11 am Anjli Raval, Oil and Gas Correspondent ©Bloomberg The rebalancing of the global oil market may still be in its early stage with the outlook “only getting murkier”, according to the International Energy Agency, as uncertainties remain about demand and supply responses to the steep drop in prices. “The backdrop against... Continue Reading →
Brazil ruling party treasurer arrested in Petrobras scandal -media
Wed Apr 15, 2015 8:14am EDT Brazil ruling party treasurer arrested in Petrobras scandal -media BRASILIA, APRIL 15 (Reuters) - Brazilian police arrested another four people in the political kickback investigation engulfing state-run oil company Petrobras on Wednesday and local media said they included Joao Vaccari, the treasurer of the ruling Workers' Party. Vaccari is... Continue Reading →
Brazil February Economic Activity Rises Above All Estimates
Brazil February Economic Activity Rises Above All Estimates By Mario Sergio Lima/Bloomberg 8:46 AM BRT April 15, 2015 Brazil’s economy unexpectedly expanded in February, as the government cuts spending and policy makers raise rates to tame above-target inflation in the world’s second-biggest emerging market. The seasonally adjusted economic index, a proxy for gross domestic product,... Continue Reading →
