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To many investors, he seems to be riding in on a white steed, a seasoned insider who will turn around an economy of epic failure and enormous potential. Michel Temer has been the number two to President Dilma Rousseff of Brazil and now, with her temporary ouster, takes charge, buoyed by an almost evangelical market... Continue Reading →
True to her personality Dilma will fight to regain her presidency from what she calls a coup. Strangest coup ever witnessed since she was given all the opportunities to defend herself and government. A coup that allows her a 180 day period to prepare her defense. A coup that allows her to remain in the... Continue Reading →
As Dilma Rousseff steps aside from Brazil's presidency and Michel Temer ascends to the post, it's a moment of reckoning for a nation that's in the throes of recession, high inflation and a near-record budget deficit. The charts below detail the road that led Brazil into its economic predicament — and show that Temer's administration would have to oversee a... Continue Reading →
BlackRock Inc (BLK.N) is among major asset managers that had been raising their bets on Brazil even before President Dilma Rousseff was suspended from office on Thursday, but many investors are wary about the long-term recovery prospects of Latin America's largest economy. The growing likelihood that business-friendly Vice President Michel Temer would take power has... Continue Reading →
Temer as head of state is no national saviour but he can stabilise the country FT View © Reuters Brazil is about to have a new president. As expected, the Senate has voted to impeachDilma Rousseff; she now steps down while the Senate considers her case. In the interim, Michel Temer, the vice-president, becomes... Continue Reading →
Brazil's Vice President Michel Temer (L) talks with President of the Brazilian Senate Renan Calheiros as he leaves the Calheiros' house in Brasilia, Brazil, May 10, 2016. REUTERS/PAULO WHITAKER The man poised to become Brazil's new leader has spent decades in politics and is known for his quiet yet calculating demeanor, fine suits, and a... Continue Reading →
Centrais Eletricas Brasileiras SA, the Brazilian state-run utility ensnared in the nation’s sweeping corruption investigation, said its U.S.-traded shares are at risk of being delisted because it still can’t put a price-tag on losses it had from graft. Eletrobras, which has delayed its 2014 annual report to the U.S. Securities and Exchange Commission three times... Continue Reading →
Big global players like Will Landers and Mark Mobius may have driven Brazil’s world-beating stock rally for most of this year, but it’s the local investor community that’s now taking the lead. After sitting on the sidelines as lawmakers’ push to oust President Dilma Rousseff spurred a wave of buying by foreigners, local investors including... Continue Reading →
Brazil’s Senate voted to suspend President Dilma Rousseff from office, ushering in a new government after months of political turmoil in the recession-wracked country. Legislators agreed on Thursday after a marathon session that lasted 21 hours to try the president on allegations she illegally doctored fiscal accounts to mask the size of the budget... Continue Reading →
May 11 Henrique Meirelles, the man tipped to be Brazil's next finance minister, will draw on his stellar reputation as central bank governor between 2003 and 2010, when the economy boomed, to revive investors' confidence in Latin America's ailing giant. But former colleagues and politician insiders warn that the long-time Wall Street banker's ambition to... Continue Reading →
Brazil Energy Insight 