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Brazil’s Turnaround Elusive as Tightening to Come Belies Rally By Andre Soliani Costa Raymond Colitt / Bloomberg 12:00 AM BRT May 1, 2015 Brazil's President Dilma Rousseff’s approval rating slumped 19 percentage points since December to 23 percent, the lowest level of any Brazilian president in 15 years, according to a poll conducted by Datafolha... Continue Reading →
Brazil’s Petrobras Confirms New Board Members Vale CEO takes helm as chairman Brazilian state-run energy giant Petróleo Brasileiro underwent a board shake-up that went mostly as expected. PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By PAUL KIERNAN/WSJ Updated April 30, 2015 3:57 p.m. ET RIO DE JANEIRO—Brazilian state-run energy giant Petróleo Brasileiro SA underwent a board shake-up late Wednesday that went mostly as... Continue Reading →
http://www.ft.com/cms/s/0/c53a8276-ef45-11e4-a6d2-00144feab7de.html#ixzz3YpLXzBGn April 30, 2015 6:52 pm Energy earnings run dry in Americas Ed Crooks, Christopher Adams and David Crouch/FT ©Bloomberg The slump in oil and natural gas prices since last summer has driven the American production operations of the world’s largest oil companies into losses. ExxonMobil and ConocoPhillips of the US on Thursday reported that... Continue Reading →
Brazil's economy A tight squeeze Faced with weak growth and soaring inflation, the central bank hikes interest rates Apr 30th 2015 | SÃO PAULO| The Economist DO NOT envy Brazil’s monetary policymakers. The economy is faltering. With business confidence plumbing record depths, unemployment up and real wages down—by 3% year-on-year in March, the most in more than... Continue Reading →
Oil Prices Post Biggest Monthly Gain Since 2009 Crude oil hits new high for the year Oilfield equipment in North Dakota can be seen in this January file photo. PHOTO: ASSOCIATED PRESS By NICOLE FRIEDMAN/WSJ Updated April 30, 2015 3:35 p.m. ET Oil prices rose to a new 2015 high Thursday, capping their best-performing month in years,... Continue Reading →
Thu Apr 30, 2015 2:18 pm EDT EMERGING MARKETS-Brazil's real drops to 3 per dollar on fiscal data, U.S. outlook SAO PAULO, April 30 (Reuters) - The Brazilian real weakened sharply on Thursday following disappointing government fiscal results and strong labor market data in the United States. Other Latin American currencies followed suit, but more... Continue Reading →
OPEC Oil Output Near 2 1/2-Year High as Saudis Show No Letup By Mark Shenk / Bloomberg 10:47 AM BRT April 30, 2015 OPEC oil production was little changed in April near the highest level since November 2012, as Saudi Arabia pumped 10 million barrels a day. Production by the Organization of Petroleum Exporting Countries slipped... Continue Reading →
Brazil Senate Chief Says Rousseff Austerity Plan Threatens Jobs By Mario Sergio Lima Arnaldo Galvao / Bloomberg 1:59 PM BRT April 30, 2015 President Dilma Rousseff’s fiscal-austerity program threatens jobs, Brazil’s Senate leader said, underscoring the challenge her government faces in pushing the measures through Congress. “This can’t even be called a fiscal adjustment,” Senate... Continue Reading →
Thu Apr 30, 2015 9:42 am EDT Brazil posts smaller-than-expected primary surplus in March BRASILIA, APRIL 30 (Reuters) - Brazil posted a primary budget surplus of 239 million reais ($80.13 million) in March, central bank data showed on Thursday, missing market expectations by a long shot and highlighting the difficulties the government faces to meet... Continue Reading →
BofA Joins Itau in Defying Swap Trade on Brazilian Rate Outlook By Filipe Pacheco/Bloomberg 10:22 AM BRT April 30, 2015 Bank of America Corp. and Itau Unibanco Holding SA disagree with the consensus of swap traders that Brazil will raise interest rates two more times this year after Wednesday’s increase. Rising unemployment and a drop... Continue Reading →
Brazil Energy Insight 