Tag "Petrobras"

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International Politics The Week Ahead

Weekly Risk Outlook

Leaders of Germany, France, and Ukraine meet to discuss Eastern Ukraine. U.S. data released before major Fed summit. Conference in Gabon will stress U.S.-Africa trade ties. Brazil releases economic figures. All in the

Latin America Politics

Petrobras scandal threatens to topple Rousseff

Dilma Rousseff’s mandate as President of Brazil is under serious risk of a premature ending. Her legitimacy and legality could be soon challenged, first by an Impeachment called by the

International Politics The Week Ahead

Weekly Risk Outlook

Emergency summit in Brussels could be Greece’s last chance at resolving its debt. European foreign ministers meet to discuss Ukraine. Political scandal in Brazil hits U.S. courts. EU leaders meet to discuss migration

Latin America Politics

Will corruption undermine growth in Mexico?

The multi-billion dollar scandal in Brazil now sinking state-owned oil company Petrobras and tipping the economy into stagflation is a clear warning to Mexico, another Latin American emerging market plagued

Economics Latin America

Levy coordinates ambitious recovery plan for Brazil

After a year of fiscal slippage, rising inflation, and negative projections showing that Brazil’s GDP will shrink 0.42% this year, President Dilma Rousseff has empowered her new Minister of Finance, Mr.

Latin America Politics

Brazilian Petrobras’ new face is old politics

Following the resignation of Petrobras CEO Maria das Graças Foster, the Brazilian government appointed state banker Aldemir Bendine to lead the troubled oil company. Investors are worried that the new chief

Latin America Natural resources and energy

Petrobras scandal threatens to derail pre-salts deposit development

Petrobras looked like a model for transparency in the energy sector and, with a recent discovery of large offshore deposits, was poised to make Brazil a regional energy superpower. However, a corruption scandal

Latin America Politics

US-Cuba thaw stepping stone to expanded Latin America trade

Given the shift in U.S.-Cuba relations, the April 2015 Summit of the Americas may serve as a significant stepping stone to expanded trade relations between the United States and several Latin American

Latin America Natural resources and energy

How Brazil is failing Petrobras

Petrobras has recently found itself mired in corruption scandals and holding sky-high debts that have led to the downgrade of its credit rating. Much of what’s behind the lagging performance