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Brazil’s Rousseff Pushes Anti-Graft Bills as Her Approval Sinks by Raymond Colitt Arnaldo Galvao 8:11 AM BRT March 18, 2015 Demonstrators Carry a Mask of President Dilma Roussef Demonstrators carry a mask with the face of Brazilian President Dilma Roussef during a protest near Copacabana Beach in Rio de Janeiro, on Sunday, March 15. Rousseff’s... Continue Reading →
DEBT AND THE OIL COMPANIES Oil Firms’ Rising Debts Add Downward Price Pressure in BIS View By Grant Smith 8:00 AM BRT March 18, 2015 (Bloomberg) -- The oil and gas industry’s $2.5 trillion of debt may compound the drop in crude prices, as companies maximize output to meet their financial obligations, according to... Continue Reading →
Mar 18 2015 at 10:50 AM Petrobras: cashing out Protests across Brazil were held this week against President Dilma Rousseff's government with many protesters calling for her impeachment. A massive corruption scandal at Brazil's state-owned oil company Petrobras has rocked the government and Dilma's approval ratings are now around 23 per cent. Getty Images by Lex Petrobras,... Continue Reading →
Rousseff Approval Rating Sinks as Brazil Economy Faces Slump By Raymond Colitt Katerina Petroff 8:11 AM BRT March 18, 2015 Demonstrators carry a mask with the face of Brazilian President Dilma Roussef during a protest near Copacabana Beach in Rio de Janeiro, on Sunday, March 15. Rousseff’s administration faces growing opposition in the streets and... Continue Reading →
Wall Street Traders Run for Cover as Brazilians Take the Streets By David Biller 9:42 PM BRT March 17, 2015 (Bloomberg) -- Finance Minister Joaquim Levy’s attempt to restore investor confidence in Brazil is being undermined by deepening political turmoil and public dissatisfaction. Traders pushed up the cost to insure the nation’s debt to an... Continue Reading →
SBM Offshore Agrees to Cooperate in Probe of Petrobras Graft By Anna Edgerton Sabrina Valle 7:28 PM BRT March 17, 2015 (Bloomberg) -- SBM Offshore NV, a Dutch supplier of floating oil platforms, signed a memorandum of understanding to cooperate with Brazilian authorities investigating companies for corrupt contracts with state-run Petroleo Brasileiro SA. SBM... Continue Reading →
SMB OFFSHORE/MEMORANDUM OF UNDERSTANDING SIGNED WITH BRAZIL’s CGU-Comptroller General Office and the AGU- Attorney General Office March 17, 2015 The Comptroller General's Office (Controladoria-Geral da União - "CGU"), the Attorney General's Office (Advocacia-Geral da União - "AGU") and SBM Offshore announce that they today signed a Memorandum of Understanding (MoU). This MoU sets a framework... Continue Reading →
Petrobras - Dow Jones Sustainability Index Rio de Janeiro, March 16, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that the Dow Jones Sustainability Index Committee has notified that the company is no longer a member of the Dow Jones Sustainability Index World (DJSI World) as of March 23, 2015. Petrobras had been part of... Continue Reading →
Brazilian Currency Leads Global Declines as Fitch Reviews Rating By Paula Sambo 10:16 AM BRT March 17, 2015 (Bloomberg) -- Brazil’s real slumped to a 12-year low and led global declines as Fitch Ratings said it’s reviewing the nation’s investment-grade credit rating. The real depreciated 1 percent to 3.2786 per dollar at 10:02 a.m. in... Continue Reading →
http://www.ft.com/cms/s/0/9606eae0-cc35-11e4-beca-00144feab7de.html#ixzz3Ue3c82Ov March 17, 2015 12:20 am Blow to Rousseff as PT treasurer charged Samantha Pearson in São Paulo ©AFP The treasurer of Brazil’s ruling Workers’ party has been formally charged over the Petrobras corruption scandal, dealing a huge blow to President Dilma Rousseff only a day after anti-government protests swept the country. Brazil’s federal prosecutors said on... Continue Reading →
Brazil Energy Insight 