Tag "Petrobras"
Pre-salt reserves make Brazil ripe for investment, but risk remains
On October 27, 2017, new auction rounds for the eight pre-salt blocks in Brazil were launched. As the Brazilian government approved a new regulatory framework for the bidding process to allow more investors, 14 foreign companies and two Brazilian entities were qualified to participate in the auction.
Lula’s path to re-election just got a little more complicated…
Lula is the main source of uncertainty for Brazil, so the increased chances of him not being allowed to run boost optimism for a pro-reform candidate.
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
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
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
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
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
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