Halliburton and Baker Hughes Said to Plan Asset Sales in April By David Wethe Matthew Monks 11:02 PM BRT March 19, 2015 (Bloomberg) -- Halliburton Co. and Baker Hughes Inc. plan to begin seeking buyers next month for as much as $10 billion in assets that the oil-services companies need to sell in order to... Continue Reading →
Protests in Brazil/The wisdom of crowds
Protests in Brazil The wisdom of crowds After massive demonstrations against her, Dilma Rousseff will struggle to relaunch her presidency Mar 21st 2015 | SÃO PAULO, The Economist DILMA ROUSSEFF, Brazil’s president, expected the anti-government protests on March 15th to be big. She convened a meeting of a crisis group at her official residence to monitor them.... Continue Reading →
Former Executive Goes Silent on Petrobras Corruption Scandal
Former Executive Goes Silent on Petrobras Corruption Scandal Jailed Renato Duque declines to answer questions at Brazilian congressional hearing Former Petrobras service director Renato Duque, pictured above, has refused to answer questions at a Brazilian congressional hearing.PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By WILL CONNORS/WSJ March 19, 2015 12:06 p.m. ET RIO DE JANEIRO—A recently jailed former executive... Continue Reading →
Brazil’s Esteves Wealth Sinks Most Among Banker Billionaires
Brazil’s Esteves Wealth Sinks Most Among Banker Billionaires By Blake Schmidt 2:37 PM BRT March 19, 2015 Andre Esteves, billionaire and founder of Grupo BTG Pactual, speaks during a session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 21, 2015. World leaders, influential executives, bankers and policy... Continue Reading →
Switzerland Freezes $400 Million Amid Petrobras Laundering Probe
Switzerland Freezes $400 Million Amid Petrobras Laundering Probe by Giles Broom 1:55 PM BRT March 18, 2015 Petroleo Brasileiro SA (Petrobras) is mired in a corruption scandal in which company executives allegedly directed hundreds of millions of dollars from overpriced contracts to politicians. Photographer: Dado Galdieri/Bloomberg (Bloomberg) -- Switzerland has frozen $400 million of assets... Continue Reading →
Petrobras Said to Pick Citi and Bradesco for Asset Sales
Petrobras Said to Pick Citi and Bradesco for Asset Sales By Cristiane Lucchesi Sabrina Valle 1:40 PM BRT March 19, 2015 Petrobras Chief Financial Officer Ivan Monteiro. Photographer: Paulo Fridman/Bloomberg (Bloomberg) -- Petroleo Brasileiro SA is working with Citigroup Inc., Banco Bradesco SA and Banco Santander Brasil SA to sell stakes in three units... Continue Reading →
Banks Struggle to Unload Oil Loans
Banks Struggle to Unload Oil Loans Citigroup, Goldman, UBS and others face losses as investors balk at riskiness of energy sector Citigroup faces energy-loan losses. PHOTO: GETTY IMAGES By MATT WIRZ and GILLIAN TAN Wall Street Journal March 18, 2015 9:29 p.m. ET Citigroup Inc.,Goldman Sachs Group Inc.,UBS AG and other large banks face tens of millions of dollars in losses on... Continue Reading →
Brazil’s Real Declines to 12-Year Low as Rousseff Faces Dissent
Brazil’s Real Declines to 12-Year Low as Rousseff Faces Dissent By Paula Sambo 10:11 AM BRT March 19, 2015 (Bloomberg) -- Brazil’s real fell to a 12-year low on concern that disagreements with lawmakers will make it harder for President Dilma Rousseff’s government to rein in deficits and preserve the nation’s investment-grade status. The... Continue Reading →
Brazil Builders Said to Seek Government Accord in Petrobras Case
Brazil Builders Said to Seek Government Accord in Petrobras Case By Christiana Sciaudone Anna Edgerton Jessica Brice 12:00 AM BRT March 19, 2015 (Bloomberg) -- Cash-strapped Brazilian builders, accused of paying kickbacks to win public contracts, are in talks to reach leniency deals to regain access to credit markets, people with knowledge of the matter... Continue Reading →
Brazil Opposition Urges Probe of Rousseff
Brazil Opposition Urges Probe of Rousseff Mass protests embolden a push to investigate president’s role in graft scandal Brazilian President Dilma Rousseff hasn’t been implicated in a widening corruption scandal, but the country;s opposiotion is calling for a probe. ILLUSTRATION: AFP/GETTY IMAGES By PAULO TREVISANI March 18, 2015 4:42 p.m. ET BRASÍLIA—Political opponents of Brazil’s President Dilma Rousseff are... Continue Reading →
Brazil Energy Insight 