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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 (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 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 →
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 →
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 →
HSBC Sues Brazil’s Schahin for $55 Million of Unpaid Notes By Francisco Marcelino Filipe Pacheco 3:15 PM BRT April 2, 2015 HSBC Holdings Plc is suing Schahin Engenharia SA, a supplier to Brazilian oil producers, for 173.6 million reais ($55 million) related to unpaid promissory notes. The claim, which was filed in Sao Paulo on... Continue Reading →
Petrobras / Clarification on News: Asset Sales Rio de Janeiro, April 2, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER/CVM/SEP/GEA-1/No. 110/2015, which requests the following clarification: OFFICIAL LETTER/CVM/SEP/GEA-1/No. 110/2015 In reference to market announcement released on March 19, 2015 in response to OFFICIAL LETTER/CVM/SEP/GEA-1/No. 84/2015, as well as news released on April... Continue Reading →
Brazil Real Extends Year’s Biggest Weekly Gain on Fiscal Outlook By Paula Sambo 10:50 AM BRT April 2, 2015 Brazil’s real extended its biggest weekly advance of the year on speculation President Dilma Rousseff is committed to shoring up fiscal accounts and preserving the nation’s investment-grade status. The currency climbed for a fourth straight day... Continue Reading →
Brazil Exchange Asks State Companies to Go Beyond Letter of Law By Ney Hayashi Cruz 12:27 PM BRT April 2, 2015 Latin America’s biggest securities exchange is urging Brazil’s state-owned companies to do more than the law requires in improving corporate governance as part of an effort to make the nation’s stocks more attractive to... Continue Reading →
Petrobras / Sale of Assets in Argentina Rio de Janeiro, March 31, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that the Board of Directors of Petrobras Argentina (PESA) has approved to dispose of all of its assets located in the Austral Basin, in the Santa Cruz province, for US$ 101 million to Compañia General... Continue Reading →
