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How to rescue Petrobras Nick Butler | Mar 15 11:54 | FT BlogShare The corruption investigation initiated by the Brazilian prosecutor, Rodrigo Janot, into 54 individuals including leading politicians is just beginning. The allegations behind the inquiry concern the diversion of huge amounts of money from Petrobras, the state oil company. No one know how much money is involved,... Continue Reading →
http://www.ft.com/cms/s/0/fff8df34-cb1e-11e4-bac3-00144feab7de.html#ixzz3UYD2g6Fe Last updated: March 16, 2015 1:52 am One million join anti-Rousseff protests in Brazil Samantha Pearson and Aline Rocha in São Paulo Protesters on the march at Copacabana beach in Rio de Janeiro on Sunday. There were demonstrations all over Brazil More than a million protesters took to the streets of Brazil on Sunday to... Continue Reading →
Weighing up partners for Mexico oil tenders Jude Webber /FT | Mar 13 03:03 | International oil companies are “polygamous” by nature, says Iván Sandrea, chief executive of Sierra Oil & Gas, the first Mexican exploration company to be formed since the country’s sweeping reform of the sector to open it to private investment. So one thing the former Statoil... Continue Reading →
THE SATURDAY ESSAY Fossil Fuels Will Save the World (Really) There are problems with oil, gas and coal, but their benefits for people—and the planet—are beyond dispute Workers tend to a well head during a hydraulic fracturing operation outside Rifle, Colo., on March 29, 2013. Increased production has driven down oil prices. PHOTO: ASSOCIATED PRESS By MATT... Continue Reading →
Contributing Editor's note: Since the first ballot voting last October, the Brazilian Real has suffered a maxi devaluation of over 31% and the YTD tumble has been over 18%. These large percentage corrections are reminiscent of the pre Real Economic Plan days, when inflation was over 90% a month. This is the result of many... Continue Reading →
Brazil Protests Signal Return of Risk in Region as Boom Fades By Raymond Colitt 12:00 AM BRT March 13, 2015 Brazilian President Dilma Rousseff. Photographer: Evaristo SA/AFP via Getty Images (Bloomberg) -- From pot-banging on the streets to defeats in Congress, Brazil’s President Dilma Rousseff hasn’t had a good week defending austerity measures she... Continue Reading →
Brazil Central Bank Indicates Tightening Cycle Might Be Nearing an End Scenario for inflation to converge with official target in 2016 has strengthened, bank’s minutes say By PAULO TREVISANI And ROGERIO JELMAYER Updated March 12, 2015 12:52 p.m. ET Wall Street Journal BRASÍLIA—Brazil’s central bank said on Thursday that it expects inflation pressures to ease next year,... Continue Reading →
Petrobras Bond Plan Said Quashed as Brazil Fights Rating Cut by Anna Edgerton 1:39 PM BRT March 12, 2015 (Bloomberg) -- Brazil withdrew backing for a proposed Petroleo Brasileiro SA local bond as the country fights to avoid following the oil driller into junk credit-rating status, said a government official with direct knowledge of the... Continue Reading →
Andrade Gutierrez Drops as Brazil Watchdog Widens Carwash Probe by Julia Leite 1:05 PM BRT March 12, 2015 (Bloomberg) -- Bonds of Andrade Gutierrez SA slipped the most in two weeks as the builder was included in a list of companies being investigated in Brazil’s largest-ever corruption probe. Andrade’s $500 million of notes due 2018... Continue Reading →
Protests Grow Against Brazilian President Dilma Rousseff Nationwide marches planned for Sunday as public anger grows over faltering economy and alleged corruption Brazilians heckle the president at a São Paulo event on Wednesday. PHOTO: SEBASTIÃO MOREIRA/EUROPEAN PRESSPHOTO AGENCY By REED JOHNSON and ROGERIO JELMAYER March 11, 2015 6:16 p.m. ET Wall Street Journal SÃO PAULO—Tens of thousands of... Continue Reading →
