Brazil’s protesters: it’s worse than they think Jonathan Wheatley FT / Beyondbrics | Mar 16 12:56 | It was a cathartic weekend for Brazilians, as more than a million people took to the streets to show their discontent with the government in scenes not seen since the mass demonstrations that preceded the impeachment of President Fernando Collor de... Continue Reading →
Petrobras Scandal Widening as Braskem Named in Morass
Petrobras Scandal Widening as Braskem Named in Morass By Filipe Pacheco Gerson Freitas Jr 8:00 PM BRT March 15, 2015 (Bloomberg) – The staggering reach of Petroleo Brasileiro SA’s corruption scandal is getting even bigger. Braskem SA, Latin America’s biggest petrochemicals maker by sales, became the latest company implicated in testimony alleging it paid bribes... Continue Reading →
Brazil’s poor turn their backs on Rousseff
http://www.ft.com/cms/s/0/c7c4955c-cbbb-11e4-beca-00144feab7de.html#ixzz3UYH0COUT March 16, 2015 11:00 am Brazil’s poor turn their backs on Rousseff Samantha Pearson in São Paulo Among the estimated 1m Brazilians who took to the streets of São Paulo on Sunday to call for Dilma Rousseff’s impeachment over the Petrobras corruption scandal, it is people like Maria Pereira who will cause the president most concern.... Continue Reading →
How to rescue Petrobras
How to rescue Petrobras Nick Butler | Mar 15 11:54 | FT BlogShare The corruption investigation initiated by the Brazilian prosecutor, Rodrigo Janot, into 54 individuals including leading politicians is just beginning. The allegations behind the inquiry concern the diversion of huge amounts of money from Petrobras, the state oil company. No one know how much money is involved,... Continue Reading →
One million join anti-Rousseff protests in Brazil
http://www.ft.com/cms/s/0/fff8df34-cb1e-11e4-bac3-00144feab7de.html#ixzz3UYD2g6Fe Last updated: March 16, 2015 1:52 am One million join anti-Rousseff protests in Brazil Samantha Pearson and Aline Rocha in São Paulo Protesters on the march at Copacabana beach in Rio de Janeiro on Sunday. There were demonstrations all over Brazil More than a million protesters took to the streets of Brazil on Sunday to... Continue Reading →
Weighing up partners for Mexico oil tenders
Weighing up partners for Mexico oil tenders Jude Webber /FT | Mar 13 03:03 | International oil companies are “polygamous” by nature, says Iván Sandrea, chief executive of Sierra Oil & Gas, the first Mexican exploration company to be formed since the country’s sweeping reform of the sector to open it to private investment. So one thing the former Statoil... Continue Reading →
Fossil Fuels Will Save the World (Really)/Saturday Essay
THE SATURDAY ESSAY Fossil Fuels Will Save the World (Really) There are problems with oil, gas and coal, but their benefits for people—and the planet—are beyond dispute Workers tend to a well head during a hydraulic fracturing operation outside Rifle, Colo., on March 29, 2013. Increased production has driven down oil prices. PHOTO: ASSOCIATED PRESS By MATT... Continue Reading →
Brazil’s Real Tumbles to 12-Year Low as Rousseff Faces Protests
Contributing Editor's note: Since the first ballot voting last October, the Brazilian Real has suffered a maxi devaluation of over 31% and the YTD tumble has been over 18%. These large percentage corrections are reminiscent of the pre Real Economic Plan days, when inflation was over 90% a month. This is the result of many... Continue Reading →
Petrobras Bonds Drop on Report Company Seeking Extended Deadline
Petrobras Bonds Drop on Report Company Seeking Extended Deadline By Filipe Pacheco Paula Sambo 12:23 PM BRT March 13, 2015 (Bloomberg) -- Bonds and stocks of Petroleo Brasileiro SA fell after a newspaper reported that the company is in talks with creditors to extend a deadline for publishing audited results and avoid a possible... Continue Reading →
Brazil Protests Signal Return of Risk in Region as Boom Fades
Brazil Protests Signal Return of Risk in Region as Boom Fades By Raymond Colitt 12:00 AM BRT March 13, 2015 Brazilian President Dilma Rousseff. Photographer: Evaristo SA/AFP via Getty Images (Bloomberg) -- From pot-banging on the streets to defeats in Congress, Brazil’s President Dilma Rousseff hasn’t had a good week defending austerity measures she... Continue Reading →
