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Dilma Rousseff is running out of time and options as her enemies close in on the first impeachment of a Brazilian president in 24 years. After a dramatic defeat in an impeachment vote in the Lower House on Sunday, she may have only a couple of weeks to turn around growing momentum for her... Continue Reading →
Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be. The real and the Ibovespa slumped even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling... Continue Reading →
When Brazilian legislators gather to impeach a president, it’s anything but a solemn affair. Think Carnival of Brazil. In an impassioned, 10-hour session in Brazil’s lower house of Congress on Sunday to vote on the impeachment of President Dilma Rousseff, the scene on the floor of the legislative chamber sometimes bordered on the surreal. Protester watch... Continue Reading →
Brazil's leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday and is almost certain to be forced from office months before the nation hosts the Olympics. Fireworks lit up the night sky in Brazil's megacities of Sao Paulo and Rio de Janeiro after... Continue Reading →
Keppel Corp., the world’s largest builder of oil rigs, reported a 41 percent decline in first-quarter profit as weak oil prices led to delivery delays of offshore projects. Net income dropped to S$211 million ($156 million) from S$360 million a year earlier, Keppel said in a statement Monday. Sales slumped 38 percent to S$1.7 billion... Continue Reading →
The drive to impeach Brazilian President Dilma Rousseff is going down to the wire as lawmakers and protesters descend on the lower house of Congress this Sunday for a vote that looks too close to call. Protesters supporting the impeachment of Rousseff demonstrate outside Congress on April 17. Photographer: Andressa Anholete/AFP via Getty Images Peaceful... Continue Reading →
Apr 15, 2016 Reuters Skanska AB says: * In relation to investigations related to Petrobras, Federal Government in Brazil has brought a civil lawsuit against seven companies, including Skanska Brasil, and seven individuals unrelated to Skanska * According to the lawsuit a joint venture partner of Skanska Brasil has colluded with Petrobras directors and Skanska... Continue Reading →
Brazil’s lower house of Congress started a marathon session that will lead to a crucial impeachment vote on Sunday, following months of intense debate that has left Latin America’s largest nation deeply divided. The Supreme Court early Friday rejected a government motion trying to stop the session, paving the way for a vote that leading... Continue Reading →
As Brazilian President Dilma Rousseff’s impeachment vote draws near, the top brass at the nation’s largest companies is beginning to break its silence. Most business executives see little advantage in publicly taking sides in a political battle, and enough twists and turns remain in the impeachment process to make the outcome unpredictable. That’s kept corporate... Continue Reading →
By DANA MATTIOLI and RYAN DEZEMBER/WSJ Updated April 14, 2016 Private-equity firm Carlyle Group LP is in serious talks to buy a package of oilfield-services businesses from Halliburton Co. and Baker Hughes Inc. that could be valued at more than $7 billion, as the energy giants seek to overcome a Justice Department challenge to their planned... Continue Reading →
Brazil Energy Insight 