Brazil Economists Cut 2015 CPI Outlook for First Time This Year By David Biller ( Bloomberg) 9:19 AM BRT April 13, 2015 Brazil economists cut their 2015 inflation outlook for the first time this year, as the government increases interest rates and reaffirms its commitment to cut spending. Analysts cut their year-end inflation forecast to... Continue Reading →
Bradesco Asset Management puts up names for Petrobras board
Fri Apr 10, 2015 8:10pm EDT Bradesco Asset Management puts up names for Petrobras board SAO PAULO, APRIL 10 (Reuters) - The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday... Continue Reading →
Nearly a million protest Brazil’s president, economy, corruption
Sun Mar 15, 2015 10:17pm EDT Nearly a million protest Brazil's president, economy, corruption RIO DE JANEIRO | BY PAULO PRADA (Reuters) - Close to a million demonstrators marched in cities and towns across Brazilon Sunday to protest a sluggish economy, rising prices and corruption - and to call for the impeachment of left-wing President Dilma Rousseff. The protests... Continue Reading →
Antigovernment Protesters Return to Brazilian Streets
Antigovernment Protesters Return to Brazilian Streets Many blame ruling party for faltering economy, climate of corruption crippling Petrobras Antigovernment protesters returned to the streets of several Brazilian cities Sunday. People taking part in a protest in Brasília against the government of Brazilian President Dilma Rousseff hold signs reading ‘Dilma Out’. PHOTO: EVARISTO SA/AGENCE FRANCE-PRESSE/GETTY IMAGES By MARLA... Continue Reading →
Petrobras sees cost of corruption at up to 6 billion reais – report
Fri Apr 10, 2015 2:08pm BST Related: BUSINESS Petrobras sees cost of corruption at up to 6 billion reais - report RIO DE JANEIRO A demonstrator holds a placard during a protest against Brazil's President Dilma Rousseff at Paulista Avenue in Sao Paulo March 15, 2015. REUTERS/NACHO DOCE (Reuters) - Brazil's state-run oil company Petrobras... Continue Reading →
IMF sees Brazil economy shrinking, growth hinging on austerity
Fri Apr 10, 2015 5:37pm EDT IMF sees Brazil economy shrinking, growth hinging on austerity GOIANIA, BRAZIL | BY ALONSO SOTO A street vendor holds goods for sale among cars during a traffic jam in Rio de Janeiro March 19, 2015. REUTERS/RICARDO MORAES (Reuters) - The Brazilian economy will likely shrink this year, but the South American country could return... Continue Reading →
It Just Does Not Stop…
Brazilian Prosecutors Allege Corruption at Health Ministry, Caixa Economica Ghost companies were set up to channel funds to politicians, prosecutor says By ROGERIO JELMAYER and LUCIANA MAGALHAES/WSJ Updated April 10, 2015 11:28 a.m. ET SÃO PAULO—Brazilian prosecutors investigating corruption at state-controlled oil company Petroleo Brasileiro SA, or Petrobras, said Friday they have found evidence of fraud at the country’s... Continue Reading →
Petrobras Said to Consider Prized Oil Area in Divestment Plan
Petrobras Said to Consider Prized Oil Area in Divestment Plan By Cristiane Lucchesi Sabrina Valle Peter Millard 2:04 PM BRT April 10, 2015 (Bloomberg) Petroleo Brasileiro SA is considering including fields from its fastest-growing deepwater oil region in a divestment plan to raise money for expenditures and debt payments, six people with knowledge of the... Continue Reading →
Oil Prices Rise Ahead of Data on Drilling Activity
Oil Prices Rise Ahead of Data on Drilling Activity Rising dollar is pressuring oil prices The number of oil drilling rigs has declined for 17 consecutive weeks and stood at 802 last week, half of what it was just six months ago. By NICOLE FRIEDMAN And GEORGI KANTCHEV/WSJ Updated April 10, 2015 9:52 a.m. ET Oil... Continue Reading →
PETROBRAS -Clarification on News: Financial Statements
PETROBRAS -Clarification on News: Financial Statements Rio de Janeiro, April 9, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER BM&FBovespa 0990/2015-SAE, which requests the following clarification: OFFICIAL LETTER 0990/2015-SAE “We request clarifications about news released on April 9, 2015, in the newspaper Valor Econômico, entitled “Petrobras Financial Statements will be released by... Continue Reading →
Brazil Energy Insight 