Brazil Analysts Boost 2015 CPI, Cut GDP for 14th Straight Week By Mario Sergio Lima 8:41 AM BRT April 6, 2015 Brazil economists raised their estimate for 2015 inflation and cut their growth forecast for the 14th straight week, as the government contends with a combination of above-target inflation and stagnating activity. Analysts raised their... Continue Reading →
Petrobras scandal prompts wave of investor lawsuits
http://www.ft.com/cms/s/0/95233aec-d942-11e4-a8f1-00144feab7de.html#ixzz3WWwdy87W April 5, 2015 1:41 am Petrobras scandal prompts wave of investor lawsuits Madison Marriage ©AFP Petrobras is being sued for losses suffered as a result of bribery alleged to have taken place at the company between 2004 and 2012 One of Sweden’s largest investors has pledged to take direct legal action against Petrobras, becoming the... Continue Reading →
Political theatrics that are dividing Brazil
http://www.ft.com/cms/s/0/7117c462-d93b-11e4-a8f1-00144feab7de.html#ixzz3WWvdjOHr April 5, 2015 7:53 pm Political theatrics that are dividing Brazil Otavio Frias Filho/FT More than half of all Brazilians disapprove of Rousseff’s administration, writes Otavio Frias Filho ©EPA/Sebastiao Moreira Unrest: the Petrobras revelations have sparked protest To watch the political theatre now unfolding in Brazil is to behold a country licked by discontent... Continue Reading →
Petrobras’s China Cash Stems Bond Tumble But Comes With a Stigma
Petrobras’s China Cash Stems Bond Tumble But Comes With a Stigma By Julia Leite Paula Sambo 8:00 PM BRT April 5, 2015 Brazil’s state-run Petroleo Brasileiro SA may be putting itself in the company of some of Latin America’s most distressed borrowers by turning to China for loans, but its bondholders don’t mind. They’re just... Continue Reading →
Esteves’s ‘Better Than Goldman’ Promise Faces Biggest Threat Yet/Sete Brasil
Esteves’s ‘Better Than Goldman’ Promise Faces Biggest Threat Yet/Sete Brasil By Cristiane Lucchesi 7:00 AM BRT April 6, 2015 Billionaire Andre Esteves of BTG Pactual SA. Jin Lee/Bloomberg The golden boy of Brazilian finance is confronting his toughest threat yet. Andre Esteves, who transformed Grupo BTG Pactual into the largest independent investment bank in Latin... Continue Reading →
EIG Global Digs Deeper Into Brazil
EIG Global Digs Deeper Into Brazil Private-equity firm pours cash into businesses tied to two of the country’s biggest scandals Private-equity firm EIG Global Energy Partners is a big investor in Brazi’ls Acu port which has been under construction since 2007 in Rio de Janeiro state and is intended to help boost the country’s oil... Continue Reading →
ANP reports increased oil/gas production in Brazil in Feberuary
ANP (Brasil) (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis) April 2, 2015 Regulatory agency that oversees activities undertaken by the oil, natural gas and biofuel industries in Brazil. Reports that oil production in Brazil for February/2015 was up 16.3% to 2.431 mm barrels per day compared to same month last year. The pre salt fields... Continue Reading →
Teetering on Junk, Petrobras Intrigues High-Yield Investors
Teetering on Junk, Petrobras Intrigues High-Yield Investors Massive debt of troubled Brazil-owned energy firm could rally as a fallen angel Brazil’s state-run energy firm, known as Petrobras, had its bonds downgraded into junk territory by Moody’s. If Fitch or S&P follows suit, Petrobras’ status as a fallen angel may make it a worthy risk for... Continue Reading →
Emerging markets: The great unravelling
http://www.ft.com/cms/s/2/ddd8caf0-d86a-11e4-ba53-00144feab7de.html#ixzz3WBnUYDMC April 1, 2015 7:27 pm Emerging markets: The great unravelling James Kynge and Jonathan Wheatley/FT Developing economies are suffering their biggest capital outflows since the financial crisis Faced with recession, decade- high inflation, a fiscal crisis and water rationing, more than 1m Brazilians took to the streets last month to protest against corruption and... Continue Reading →
Poll blow to Rousseff over austerity plan
http://www.ft.com/cms/s/0/9a1e0e12-d8c2-11e4-8a23-00144feab7de.html#ixzz3WBYXzguZ April 2, 2015 12:42 am Poll blow to Rousseff over austerity plan ©AFP Joe Leahy in São Paulo/FT Dilma Rousseff’s popularity has fallen to its lowest level in more than four years as Brazilians reject her government’s austerity programme. The findings from a CNI-Ibope poll, which fit with those of other surveys and follow... Continue Reading →
Brazil Energy Insight 