Brazil Said to Wait for 4.5% CPI Forecast Before Rate Cut by Andre Soliani Costa 2:50 PM BRT May 7, 2015 Brazil’s central bank will wait for analysts to cut their inflation outlook to 4.5 percent before considering whether to reverse monetary policy, a person close to the government’s economic team said. Forecasts that the... Continue Reading →
Brazil Central Bank Signals Continued Pace of Rate Increases
Brazil Central Bank Signals Continued Pace of Rate Increases By Mario Sergio Lima Raymond Colitt/Bloomberg 9:08 AM BRT May 7, 2015 Brazil’s central bank said it needs to do more to bring consumer price increases back to their target by the end of next year. Swap rates rose. “The gains achieved in the fight against... Continue Reading →
While Brazilians Shun Stocks, Foreign Investors Ignore Recession
While Brazilians Shun Stocks, Foreign Investors Ignore Recession By Maria Levitov Julia Leite/Bloomberg 10:00 PM BRT May 6, 2015 Foreigners are piling into Brazilian stocks that local investors are avoiding. It’s a new twist in Latin America’s largest economy, which has seen some of the biggest emerging-market booms and busts over the past decade and... Continue Reading →
Fiscal Austerity Passes First Test in Brazil’s Congress
Fiscal Austerity Passes First Test in Brazil’s Congress Passage seen as victory for President Rousseff, who has called for fiscal reforms to avoid sovereign-debt downgrade By PAULO TREVISANI and DJANIA SAVOLDI/WSJ May 6, 2015 9:39 p.m. ET BRASÍLIA—Brazil’s lower house of Congress on Wednesday approved the first of two controversial austerity measures aimed at cutting government... Continue Reading →
Oil Prices Rise on Signs Glut May Abate
Oil Prices Rise on Signs Glut May Abate Latest U.S. oil supply data suggest global oil glut may start to ebb Oil pump jacks work in unison, in Williston, N.D. Oil prices rose in volatile trade on Thursday as the latest U.S. supply data suggested the crude oil glut might be starting to abate. PHOTO: ASSOCIATED PRESS... Continue Reading →
Shell faces huge task in crafting an enlarged oil group with BG
http://www.ft.com/cms/s/0/eae84c40-ece5-11e4-b82f-00144feab7de.html#ixzz3ZRpiMZww May 6, 2015 10:23 am Shell faces huge task in crafting an enlarged oil group with BG Christopher Adams, Energy Editor/FT Cultural differences highlight the scale of the challenge of combining the companies Shell CEO Ben van Beurden outlining the BG deal in April One is seen as a sprawling behemoth, the other a... Continue Reading →
There’s One Part of the World Where the Oil Industry Is Booming
There’s One Part of the World Where the Oil Industry Is Booming by Javier BlasAnthony Dipaola 8:00 PM BRT May 6, 2015 Saudi Oil A flame from a Saudi Aramco oil installion is seen in the desert near the oil-rich area of Khouris, 160 kms east of Riyadh. Photographer: Marwan Naamani/AFP via Getty Images As... Continue Reading →
BTG Earnings Beat Estimates for First Time in Three Quarters
BTG Earnings Beat Estimates for First Time in Three Quarters By Francisco Marcelino Cristiane Lucchesi/Bloomberg 8:58 PM BRT May 6, 2015 Grupo BTG Pactual, the Brazilian investment bank controlled by billionaire Andre Esteves, reported profit that beat analysts’ estimates for the first time in three quarters, easing concern that losses on private-equity stakes will undermine... Continue Reading →
Big Oil Companies Find Gains in Trading
Big Oil Companies Find Gains in Trading Volatility, contango help BP and Shell during spell of low oil prices The BP ETAP (Eastern Trough Area Project) oil platform in the North Sea. Amid the oil-price collapse, big oil companies are striking gains in their trading divisions. PHOTO: ANDY BUCHANAN/GETTY IMAGES By SARAH KENT/WSJ May 6, 2015 11:54... Continue Reading →
Potential ‘fallen angels’ show impact of Brazil slowdown
http://www.ft.com/cms/s/0/d5af17dc-f3de-11e4-99de-00144feab7de.html#ixzz3ZP86s1bW May 6, 2015 4:29 pm Potential ‘fallen angels’ show impact of Brazil slowdown Jonathan Wheatley/FT Companies face junk credit rating downgrade amid corruption scandal ©Getty Brazil's potential fallen angels illustrate the economy's fall from grace A darkening gloom hangs over Brazil’s economy. Analysts are steadily downgrading their growth projections for the economy this year, while... Continue Reading →
Brazil Energy Insight 