Brazil Said to Study Hybrid Securities for Petrobras

Brazil is studying the possibility of using hybrid securities to boost capital at struggling state-controlled oil producer Petroleo Brasileiro SA, Agencia Estado reported, citing government officials it didn’t name. The operation is being discussed between Brazil’s treasury and Petrobras’s management, and no amount has been defined yet, Estado said. The government and Rio de Janeiro-based... Continue Reading →

Cunha Delays Decision on Brazil Impeachment, Lawmaker Says

Brazil’s lower house speaker Eduardo Cunha will postpone until next year his decision whether to accept the opposition’s leading impeachment request against President Dilma Rousseff, Congressman Darcisio Perondi said. Cunha discussed the new timeframe in a talk with lawmakers, said Perondi, a member of the speaker’s PMDB party. Cunha’s press office didn’t immediately respond to... Continue Reading →

Rousseff impeachment would be neutral “at best” for Brazil’s rating: Moody’s

An impeachment of President Dilma Rousseff would be credit neutral "at best", but more likely negative for Brazil's teetering credit rating, Moody's top Latin American analyst said on Wednesday. Rousseff's political opponents are seeking her impeachment saying she has mismanaged a once-booming economy and undermined confidence. Senior Moody's analyst Mauro Leos said along with the... Continue Reading →

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