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Rio de Janeiro, Brazil – May 17, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) hereby announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions. The Notes will be unsecured obligations of PGF and... Continue Reading →
May 17, 2016 Reuters By Mike Gambale and Paul Kilby NEW YORK, May 17 (IFR) - Brazil's Petrobras Global Finance is looking to sell a two-part US dollar benchmark bond on Tuesday, the first international issue from a Brazilian corporate since June last year. Active bookrunners BB Securities, JP Morgan, Bank of America Merrill Lynch... Continue Reading →
NEW YORK, May 16 (IFR) - The Senate's decision to put former president Dilma Rousseff on trial last week and replace her with market friendly Michel Temer has opened a bond issuance window for Brazilian borrowers seeking to take advantage of recent spread tightening. Petrobras is on the top of the list of possible issuers... Continue Reading →
Itau Unibanco Holding SA’s chief economist Ilan Goldfajn was nominated on Tuesday to head up Brazil’s central bank, as Acting President Michel Temer works quickly to put in place an economic team to renew investor confidence and revive growth. Finance Minister Henrique Meirelles made the announcement, also appointing Mansueto de Almeida as secretary for economic... Continue Reading →
Brazil’s Acting President Michel Temer has appointed Maria Silvia Bastos Marques, the former chief executive of steelmaker Cia. Siderurgica Nacional, to head up Brazil’s state development bank BNDES. Marques, 59, has also served as CEO of Rio de Janeiro’s Olympic Company and finance secretary for the city’s government. Temer’s press office announced her appointment by... Continue Reading →
Brazil's interim President Michel Temer has decided to appoint engineer and former Bunge executive Pedro Parente to be chief executive of ailing state-run oil company Petrobras, O Globo newspaper reported on Monday. Parente was chief of staff of former president Fernando Henrique Cardoso, during whose administration he successfully managed a severe energy crisis that required... Continue Reading →
Brazil’s real joined gains in emerging markets on Monday as commodities advanced, boosting the outlook for the country’s raw-materials exports. The Ibovespa fluctuated. The currency strengthened 1 percent to 3.4994 per dollar at 4:18 p.m. in Sao Paulo as metals and crude rallied. The Bloomberg Commodity Index added 0.8 percent, improving inflows prospects for a... Continue Reading →
To the people who benefited most from the long, recently truncated rule of Brazil's leftist Workers Party, the look of the successor government could not be more disheartening. Whereas cabinet posts over the past 13 years were often filled by women and blacks, new Interim President Michel Temer last week presented a group of 23... Continue Reading →
Rio de Janeiro, May 13, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 202/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 202/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published today in the Economia & Negócios (Economics & Business) section of the newspaper O Estado de São Paulo, entitled Brookfield... Continue Reading →
May 15 Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday. Interim President Michel Temer's government is working with a list of companies and sectors... Continue Reading →
Brazil Energy Insight 