Brazil: 10 good reasons to think the two-month-old government will go Jonathan Wheatley Financial Times  So much is going wrong in Brazil that it is hard to keep up. For years, critics have accused the government of incompetence. Now its actions are looking catastrophic – so much so that there are good reasons to think... Continue Reading →

http://www.ft.com/cms/s/0/92ab80e4-b827-11e4-b6a5-00144feab7de.html#ixzz3SDwCBCQu February 19, 2015 4:37 pm Opec has ceded to the US its power over oil price Alan Greenspan Shale breakthrough will be a more effective market stabiliser, writes Alan Greenspan Normal diplomacy probably could not have achieved the geopolitical outcomes that have been produced in the past year by America’s shale oil revolution. Oil prices... Continue Reading →

HSBC Pitches Petrobras-Tainted Oil Rig Bonds Nobody Wants By Paula Sambo 10:00 PM BRST  February 12, 2015 (Bloomberg) -- In the months since Brazil’s largest bribery scandal broke, bond investors have fled companies tied to the alleged kickbacks. They’ve been far too hasty, according to HSBC Holdings Plc and Mizuho Securities USA. Odebrecht Offshore Drilling... Continue Reading →

Petrobras Link to Sete Could Cause BTG, Santander Losses By Cristiane Lucchesi Filipe Pacheco Francisco Marcelino 3:30 PM BRST  February 12, 2015    (Bloomberg) -- A Brazilian executive’s guilty plea on graft charges drew little global attention last week amid the wider corruption scandal at Petrobras. It didn’t escape the notice of the nation’s top... Continue Reading →

Petrobras Said to Hit Drilling Snag at Biggest Brazil Find by Peter MillardSabrina Valle 4:11 PM BRST  February 10, 2015    (Bloomberg) -- Petroleo Brasileiro SA halted drilling at its largest oil discovery in deep waters, two people with knowledge of the matter said, underscoring the technical challenges facing the company’s new management team. An... Continue Reading →

http://www.ft.com/cms/s/0/61102170-b07a-11e4-92b6-00144feab7de.html#ixzz3RHsy5yQS February 9, 2015 8:14 pm Petrobras scandal draws in foreign investors Joe Leahy in São Paulo and Jeremy Grant in Singapore  Two major Singaporean shipbuilders and three Brazilian companies with Japanese shareholders have been accused of paying bribes in the corruption scandal at Brazilian state-controlled oil group Petrobras. It is the first time a group... Continue Reading →

http://www.ft.com/cms/s/0/074fd19c-ad57-11e4-97c1-00144feab7de.html#ixzz3RAZ7XfPC GLOBAL INSIGHT February 5, 2015 6:17 pm Petrobras scandal adds to brewing storm for Dilma Rousseff Joe Leahy in São Paulo President’s future in doubt as she tussles with the two faces of national oil champion ©EPA When Petrobras chief executive officer, Maria das Graças Foster, was meeting Brazilian President Dilma Rousseff this week... Continue Reading →