Brazil’s Currency Extends Biggest Quarterly Decline Since 2002 By Paula Sambo 10:34 AM BRT March 30, 2015 (Bloomberg) -- Brazil’s real extended its biggest quarterly decline since 2002 amid concern that comments from Finance Minister Joaquim Levy reported over the weekend will make it harder for the government to rein in deficits and preserve the... Continue Reading →
Dealing with Dilma
Brazil and its president Dealing with Dilma Many Brazilians are fed up with their president. But impeaching her would be a bad idea Mar 28th 2015 | From the print edition SHE is less than three months into her second term, but already most Brazilians want to see the back of Dilma Rousseff. Grappling with... Continue Reading →
Economists Again Cut Growth Forecasts for Brazil
Economists Again Cut Growth Forecasts for Brazil Brazil’s 2015 GDP is expected to shrink by 1% this year By ROGERIO JELMAYER/WSJ March 30, 2015 7:59 a.m. ET SÃO PAULO—Economists again cut their growth forecasts for Brazil in 2015 and for next year, as Latin America’s largest economy struggles to regain traction. Brazil’s 2015 gross domestic... Continue Reading →
Petrobras Said to Start Asset Sale With Fields in Argentina
Petrobras Said to Start Asset Sale With Fields in Argentina By Rodrigo Orihuela Daniel Cancel 11:48 AM BRT March 27, 2015 Billionaire Eduardo Eurnekian. Photographer: Scott Eells/Bloomberg (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to... Continue Reading →
Mexico’s Pemex Lands Pipeline Deal With BlackRock, First Reserve
Mexico’s Pemex Lands Pipeline Deal With BlackRock, First Reserve Project will bring cheap U.S. natural gas to central Mexico Pemex has landed a major investment deal for a natural-gas pipeline. PHOTO: BLOOMBERG NEWS By LAURENCE ILIFF/WSJ March 26, 2015 5:33 p.m. ET MEXICO CITY—National oil company Petróleos Mexicanos has landed its first major investment since an overhaul... Continue Reading →
Brazil’s Economy Expanded Slightly in 2014
Brazil’s Economy Expanded Slightly in 2014 Economy grew 0.1% for the year, but shrank 0.2% in the fourth quarter By JEFFREY T. LEWIS and ROGERIO JELMAYER/WSJ March 27, 2015 8:38 a.m. ET SÃO PAULO—Brazil’s economy grew slightly in 2014 from 2013, a better-than-expected performance, but shrank in the fourth quarter from a year earlier as investment... Continue Reading →
Brazil’s Economy Expected to Shrink in 2015, as Joblessness Rises in February
Brazil’s Economy Expected to Shrink in 2015, as Joblessness Rises in February Central bank sees GDP contracting 0.5% this year, with worsening inflation A man sits below a job advertisement while waiting for a job interview in Brasília on March 17. PHOTO: REUTERS By JEFFREY T. LEWIS and ROGERIO JELMAYER/WSJ Updated March 26, 2015 12:34 p.m. ET SÃO... Continue Reading →
Brazil GDP Probably Shrank as Investment and Confidence Plummet
Brazil GDP Probably Shrank as Investment and Confidence Plummet By David Biller 12:01 AM BRT March 26, 2015 (Bloomberg) -- Brazil’s economy probably contracted in the fourth quarter of last year as stagflation plagues the world’s second-biggest emerging market. Gross domestic product fell 0.1 percent from the three previous months, according to the median forecast... Continue Reading →
Petrobras – Libra Consortium completes the drilling of the second appraisal well
Petrobras - Libra Consortium completes the drilling of the second appraisal well Rio de Janeiro, March 24, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the Libra consortium has completed the drilling of the extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A). The drilling results have confirmed the presence of a hydrocarbon-bearing column of approximately 200 meters of... Continue Reading →
Brazil Scales Back Currency Support as Real Sinks to 12-Year Low
Brazil Scales Back Currency Support as Real Sinks to 12-Year Low By David Biller Paula Sambo 11:55 AM BRT March 24, 2015 Aldo Mendes, executive director of monetary policy at Banco Central do Brasil. Photographer: Douglas Engle/Bloomberg (Bloomberg) -- Brazil’s central bank scaled back its support for the real, ending sales of new foreign-exchange swaps... Continue Reading →
