The Brazilian government plans to host a round of investor meetings to market a broad plan of asset sales, a key initiative to help raise cash and reduce a record budget deficit, a senior official and people familiar with the matter told Reuters. According to Wellington Moreira Franco, the head of a government agency to... Continue Reading →

Despite a corruption probe and Brazil’s governance crisis, the oil giant has room to run, aided by factors including firmer oil prices and possible lower interest rates. By DIMITRA DEFOTIS/Barron's May 21, 2016 A Petrobras station in Rio de Janeiro Photo: Bloomberg News Emerging Markets The U.S.-traded shares of Brazil’s state-controlled oil company Petróleo Brasileiro... Continue Reading →

Brazil’s Finance Minister Henrique Meirelles said the economy is in worse shape than he anticipated when joining the government one week ago. "In the numbers I see a worse situation than I expected," he said in an interview in Brasilia, referring in large part to the federal budget. Yet the current administration led by Michel... Continue Reading →

Petroleo Brasileiro SA will be led by veteran business executive Pedro Parente, as the state-controlled oil producer struggles to reduce debt and navigate the fallout from the country’s biggest corruption scandal. Parente, who is currently the chairman of BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, accepted an offer from Acting President Michel Temer... Continue Reading →