Oil Surges on Signs of Growing Demand By TIMOTHY PUKO Updated April 6, 2015 3:51 p.m. ET Oil prices surged to their biggest gain in nearly two months, buoyed by signs of rising demand in the U.S. and Asia. Data provider Genscape Inc. reported that supplies in Cushing, Okla.—a key storage hub and the delivery... Continue Reading →
Brazil Analysts Boost 2015 CPI, Cut GDP for 14th Straight Week
Brazil Analysts Boost 2015 CPI, Cut GDP for 14th Straight Week By Mario Sergio Lima 8:41 AM BRT April 6, 2015 Brazil economists raised their estimate for 2015 inflation and cut their growth forecast for the 14th straight week, as the government contends with a combination of above-target inflation and stagnating activity. Analysts raised their... Continue Reading →
Political theatrics that are dividing Brazil
http://www.ft.com/cms/s/0/7117c462-d93b-11e4-a8f1-00144feab7de.html#ixzz3WWvdjOHr April 5, 2015 7:53 pm Political theatrics that are dividing Brazil Otavio Frias Filho/FT More than half of all Brazilians disapprove of Rousseff’s administration, writes Otavio Frias Filho ©EPA/Sebastiao Moreira Unrest: the Petrobras revelations have sparked protest To watch the political theatre now unfolding in Brazil is to behold a country licked by discontent... Continue Reading →
EIG Global Digs Deeper Into Brazil
EIG Global Digs Deeper Into Brazil Private-equity firm pours cash into businesses tied to two of the country’s biggest scandals Private-equity firm EIG Global Energy Partners is a big investor in Brazi’ls Acu port which has been under construction since 2007 in Rio de Janeiro state and is intended to help boost the country’s oil... Continue Reading →
ANP reports increased oil/gas production in Brazil in Feberuary
ANP (Brasil) (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis) April 2, 2015 Regulatory agency that oversees activities undertaken by the oil, natural gas and biofuel industries in Brazil. Reports that oil production in Brazil for February/2015 was up 16.3% to 2.431 mm barrels per day compared to same month last year. The pre salt fields... Continue Reading →
Emerging markets: The great unravelling
http://www.ft.com/cms/s/2/ddd8caf0-d86a-11e4-ba53-00144feab7de.html#ixzz3WBnUYDMC April 1, 2015 7:27 pm Emerging markets: The great unravelling James Kynge and Jonathan Wheatley/FT Developing economies are suffering their biggest capital outflows since the financial crisis Faced with recession, decade- high inflation, a fiscal crisis and water rationing, more than 1m Brazilians took to the streets last month to protest against corruption and... Continue Reading →
Poll blow to Rousseff over austerity plan
http://www.ft.com/cms/s/0/9a1e0e12-d8c2-11e4-8a23-00144feab7de.html#ixzz3WBYXzguZ April 2, 2015 12:42 am Poll blow to Rousseff over austerity plan ©AFP Joe Leahy in São Paulo/FT Dilma Rousseff’s popularity has fallen to its lowest level in more than four years as Brazilians reject her government’s austerity programme. The findings from a CNI-Ibope poll, which fit with those of other surveys and follow... Continue Reading →
HSBC Sues Brazil’s Schahin for $55 Million of Unpaid Notes
HSBC Sues Brazil’s Schahin for $55 Million of Unpaid Notes By Francisco Marcelino Filipe Pacheco 3:15 PM BRT April 2, 2015 HSBC Holdings Plc is suing Schahin Engenharia SA, a supplier to Brazilian oil producers, for 173.6 million reais ($55 million) related to unpaid promissory notes. The claim, which was filed in Sao Paulo on... Continue Reading →
Brazil Real Extends Year’s Biggest Weekly Gain on Fiscal Outlook
Brazil Real Extends Year’s Biggest Weekly Gain on Fiscal Outlook By Paula Sambo 10:50 AM BRT April 2, 2015 Brazil’s real extended its biggest weekly advance of the year on speculation President Dilma Rousseff is committed to shoring up fiscal accounts and preserving the nation’s investment-grade status. The currency climbed for a fourth straight day... Continue Reading →
Brazil Exchange Asks State Companies to Go Beyond Letter of Law
Brazil Exchange Asks State Companies to Go Beyond Letter of Law By Ney Hayashi Cruz 12:27 PM BRT April 2, 2015 Latin America’s biggest securities exchange is urging Brazil’s state-owned companies to do more than the law requires in improving corporate governance as part of an effort to make the nation’s stocks more attractive to... Continue Reading →
