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Odebrecht Says Lula Was First to Open Cuba to Brazilian Business By Blake Schmidt Michael Smith / Bloomberg 12:00 AM BRT May 5, 2015 Odebrecht SA’s Chief Executive Officer Marcelo Odebrecht said his family’s Brazilian conglomerate relied on then-President Luiz Inacio Lula da Silva to open the way for business in Cuba. Odebrecht SA, owner... Continue Reading →
Occidental Names Hollub First Female CEO of Major Oil Company by Joe Carroll 5:40 PM BRT May 5, 2015 Occidental Petroleum Corp. said Vicki Hollub, head of its oil and natural gas unit in the Americas, will be the first female chief executive officer of a major U.S. oil producer. Hollub is taking over all... Continue Reading →
Tue May 5, 2015 8:49am EDT Brazil regulator says former Petrobras board misguided investors RIO DE JANEIRO Reuters) - Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company. The former board, which former Finance Minister Guido Mantega presided... Continue Reading →
Real Gains as Goldman Says Brazil Exporters Need Weaker Currency By Paula Sambo 10:37 AM BRT May 5, 2015 As the real climbed for the first time in five days, Goldman Sachs Group Inc. recommended that Brazil go further in relaxing support for the currency and let it decline more than 10 percent to support... Continue Reading →
EOG Will Resume Major Oil Growth at ‘Stable’ $65 Price By Bradley Olson/Bloomberg 12:23 PM BRT May 5, 2015 An well pump near Sweetwater, Texas. Photographer: LM Otero/AP Photo EOG Resources Inc., the biggest shale-oil producer, will resume major growth in output once crude prices are stable at $65 a barrel. The company will likely... Continue Reading →
Brent hits new 2015 high as Saudi prices unveiled 2 hours ago April 5, 2015 Financial Times International oil benchmark North Sea Brent hit another fresh high for the year on Tuesday, rising towards $68 a barrel as Saudi Arabia announced its official selling prices (OSPs) for next month. Brent rose as high as $67.78... Continue Reading →
Repsol Said to Send Brazil CEO to U.S. for Talisman Integration By Rodrigo Orihuela/Bloomberg 11:01 AM BRT May 5, 2015 Repsol SA, Spain’s largest oil company, will transfer the chief executive officer of its Brazilian operations to the U.S. to help integrate Talisman Energy Inc. into its operations, according to two people familiar with the... Continue Reading →
Goldman Sachs Prescribes Weaker Real to Support Brazil’s Exports By Paula Sambo/Bloomberg 10:37 AM BRT May 5, 2015 Goldman Sachs Group Inc. is recommending that Brazil’s central bank go further in relaxing support for the real and allow the currency to decline more than 10 percent to support the nation’s exporters. “Brazil spent the last... Continue Reading →
http://www.ft.com/cms/s/0/9eb6d402-f30e-11e4-b98f-00144feab7de.html#ixzz3ZGdx1N2a EM SQUARED May 5, 2015 12:54 pm Latin America will be the hardest hit of emerging regions as the Fed tightens Dan Bogler/FT Investors heading back into the region should not get ahead of themselves ©Getty A striking feature of the latest updated forecasts from the International Monetary Fund was how sharply it cut growth estimates... Continue Reading →
Mon May 4, 2015 9:00 pm EDT Stumbling blocks emerge for Brazil prosecutors in Petrobras case SAO PAULO | BY CAROLINE STAUFFER (Reuters) - Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision... Continue Reading →
