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Brazil’s Rousseff Tries Again to Trim Tax Incentives President tussles with lawmakers reluctant to pass unpopular belt-tightening measures Brazil's President Dilma Rousseff tried again on Friday to push tax measures through Congress to help reverse a widening budget deficit.PHOTO: REUTERS By PAULO TREVISANI AND ROGERIO JELMAYER – Wall Street Journal March 20, 2015 5:40 p.m. ET... Continue Reading →
http://www.ft.com/cms/s/0/391623f2-ceea-11e4-893d-00144feab7de.html#ixzz3UxmYLZl6 March 20, 2015 6:52 pm Brazil: At breaking point Samantha Pearson With Petrobras mired in a corruption scandal, President Rousseff hopes an economic boost will lift flagging ratings ©AFP Brazilians on Copacabana beach in Rio de Janeiro protest over the government of President Dilma Rousseff, below, and a corruption scandal involving state energy company... Continue Reading →
Brazil’s Real Climbs Most in 2015 After Sign of Budget Progress By Paula Sambo 10:45 AM BRT March 20, 2015 (Bloomberg) -- Brazil’s real rose the most this year on speculation the government is starting to make progress in curbing deficits that threaten the nation’s investment grade. The real climbed 2.3 percent to 3.2173 per... Continue Reading →
Brazilian Bonds Shunned by Structured-Note Buyers as Real Slumps By Yakob Peterseil 12:05 PM BRT March 20, 2015 (Bloomberg) -- Sales of notes tied to Brazil’s sovereign bonds are off to their worst start in 13 years as investors turn their backs on deteriorating conditions in Latin America’s biggest economy. Banks sold $11.8 million... Continue Reading →
Halliburton and Baker Hughes Said to Plan Asset Sales in April By David Wethe Matthew Monks 11:02 PM BRT March 19, 2015 (Bloomberg) -- Halliburton Co. and Baker Hughes Inc. plan to begin seeking buyers next month for as much as $10 billion in assets that the oil-services companies need to sell in order to... Continue Reading →
Protests in Brazil The wisdom of crowds After massive demonstrations against her, Dilma Rousseff will struggle to relaunch her presidency Mar 21st 2015 | SÃO PAULO, The Economist DILMA ROUSSEFF, Brazil’s president, expected the anti-government protests on March 15th to be big. She convened a meeting of a crisis group at her official residence to monitor them.... Continue Reading →
Former Executive Goes Silent on Petrobras Corruption Scandal Jailed Renato Duque declines to answer questions at Brazilian congressional hearing Former Petrobras service director Renato Duque, pictured above, has refused to answer questions at a Brazilian congressional hearing.PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By WILL CONNORS/WSJ March 19, 2015 12:06 p.m. ET RIO DE JANEIRO—A recently jailed former executive... Continue Reading →
Banks Struggle to Unload Oil Loans Citigroup, Goldman, UBS and others face losses as investors balk at riskiness of energy sector Citigroup faces energy-loan losses. PHOTO: GETTY IMAGES By MATT WIRZ and GILLIAN TAN Wall Street Journal March 18, 2015 9:29 p.m. ET Citigroup Inc.,Goldman Sachs Group Inc.,UBS AG and other large banks face tens of millions of dollars in losses on... Continue Reading →
Brazil’s Real Declines to 12-Year Low as Rousseff Faces Dissent By Paula Sambo 10:11 AM BRT March 19, 2015 (Bloomberg) -- Brazil’s real fell to a 12-year low on concern that disagreements with lawmakers will make it harder for President Dilma Rousseff’s government to rein in deficits and preserve the nation’s investment-grade status. The... Continue Reading →
Brazil Opposition Urges Probe of Rousseff Mass protests embolden a push to investigate president’s role in graft scandal Brazilian President Dilma Rousseff hasn’t been implicated in a widening corruption scandal, but the country;s opposiotion is calling for a probe. ILLUSTRATION: AFP/GETTY IMAGES By PAULO TREVISANI March 18, 2015 4:42 p.m. ET BRASÍLIA—Political opponents of Brazil’s President Dilma Rousseff are... Continue Reading →
Brazil Energy Insight 