Brazil Economists Cut 2015 CPI Outlook for First Time This Year By David Biller ( Bloomberg) 9:19 AM BRT April 13, 2015 Brazil economists cut their 2015 inflation outlook for the first time this year, as the government increases interest rates and reaffirms its commitment to cut spending. Analysts cut their year-end inflation forecast to... Continue Reading →
Bradesco Asset Management puts up names for Petrobras board
Fri Apr 10, 2015 8:10pm EDT Bradesco Asset Management puts up names for Petrobras board SAO PAULO, APRIL 10 (Reuters) - The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday... Continue Reading →
Nearly a million protest Brazil’s president, economy, corruption
Sun Mar 15, 2015 10:17pm EDT Nearly a million protest Brazil's president, economy, corruption RIO DE JANEIRO | BY PAULO PRADA (Reuters) - Close to a million demonstrators marched in cities and towns across Brazilon Sunday to protest a sluggish economy, rising prices and corruption - and to call for the impeachment of left-wing President Dilma Rousseff. The protests... Continue Reading →
Antigovernment Protesters Return to Brazilian Streets
Antigovernment Protesters Return to Brazilian Streets Many blame ruling party for faltering economy, climate of corruption crippling Petrobras Antigovernment protesters returned to the streets of several Brazilian cities Sunday. People taking part in a protest in Brasília against the government of Brazilian President Dilma Rousseff hold signs reading ‘Dilma Out’. PHOTO: EVARISTO SA/AGENCE FRANCE-PRESSE/GETTY IMAGES By MARLA... Continue Reading →
IMF sees Brazil economy shrinking, growth hinging on austerity
Fri Apr 10, 2015 5:37pm EDT IMF sees Brazil economy shrinking, growth hinging on austerity GOIANIA, BRAZIL | BY ALONSO SOTO A street vendor holds goods for sale among cars during a traffic jam in Rio de Janeiro March 19, 2015. REUTERS/RICARDO MORAES (Reuters) - The Brazilian economy will likely shrink this year, but the South American country could return... Continue Reading →
It Just Does Not Stop…
Brazilian Prosecutors Allege Corruption at Health Ministry, Caixa Economica Ghost companies were set up to channel funds to politicians, prosecutor says By ROGERIO JELMAYER and LUCIANA MAGALHAES/WSJ Updated April 10, 2015 11:28 a.m. ET SÃO PAULO—Brazilian prosecutors investigating corruption at state-controlled oil company Petroleo Brasileiro SA, or Petrobras, said Friday they have found evidence of fraud at the country’s... Continue Reading →
Oil Prices Rise Ahead of Data on Drilling Activity
Oil Prices Rise Ahead of Data on Drilling Activity Rising dollar is pressuring oil prices The number of oil drilling rigs has declined for 17 consecutive weeks and stood at 802 last week, half of what it was just six months ago. By NICOLE FRIEDMAN And GEORGI KANTCHEV/WSJ Updated April 10, 2015 9:52 a.m. ET Oil... Continue Reading →
Shell’s $70 Billion Deal for BG Group Faces a Few Hurdles
Shell’s $70 Billion Deal for BG Group Faces a Few Hurdles Blockbuster deal must contend with regulatory challenges in China and tough scrutiny from investors The combination of the two energy producers is subject to review by regulators. ILLUSTRATION: BLOOMBERG NEWS By SELINA WILLIAMS and SARAH KENT/WSJ April 9, 2015 8:06 p.m. ET LONDON—Royal Dutch Shell PLC’s $70 billion purchase of BG... Continue Reading →
Brazil police to arrest seven more in Petrobras corruption probe
Fri Apr 10, 2015 7:09am EDT Brazil police to arrest seven more in Petrobras corruption probe RIO DE JANEIRO A policeman stands in front of the Petrobras headquarters during a protest in Rio de Janeiro March 4, 2015. REUTERS/SERGIO MORAES (Reuters) - Brazil's federal police said it had issued seven arrest warrants on Friday in... Continue Reading →
Oil price holds key to success of Shell takeover
http://www.ft.com/cms/s/0/bc9dd344-debe-11e4-8a01-00144feab7de.html#ixzz3WqeLuIIY April 9, 2015 6:43 pm Oil price holds key to success of Shell takeover David Oakley, Investment Correspondent/FT Sometimes one number is all that matters. In the case of the proposed takeover of BG Group by Royal Dutch Shell, that number is the oil price. In short, the success or failure of the blockbuster energy deal hinges on Shell’s long-term oil... Continue Reading →
