Tag: Brazil

Thursday, February 12th 2015 - 05:55 UTC
Petrobras CEO says he has 'full autonomy' in fuel-price policy and cash flow

The new chief executive officer of Brazil's Petrobras said that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruption scandal.
Thursday, February 12th 2015 - 05:45 UTC
Petrobras has trouble finding an independent chairman of the board

Petrobras plans to publish its delayed audited fourth-quarter results by the end of March, something it needs to do to avoid possible early repayment of its bonds, the Globo newspaper said on Wednesday. Globo also published that the Brazilian government was considering appointing Planning minister Nelson Barbosa as chairman of the oil giant.
Tuesday, February 10th 2015 - 19:27 UTC
Falklands' familiarization visit for UK ambassadors from Brazil, Chile and Uruguay

British ambassadors to Chile, Brazil and Uruguay respectively, Fiona Clouder, Alex Ellis and Ben Lyster-Binns are currently visiting the Falkland Islands to familiarise themselves with the people and economy and to discover what opportunities there are to increase links between the Islands and their host countries.
Monday, February 9th 2015 - 17:34 UTC
Food, housing and transportation prices accelerate January inflation in Brazil

Brazil's consumer price inflation accelerated in January, putting the 12-month rate well above the central bank's tolerance band and at the highest level since September 2011, underscoring one of the main challenges facing Latin America's largest economy in the year ahead.
Monday, February 9th 2015 - 12:43 UTC
Dengue cases 'explode' by 57% in Brazil during January

Dengue cases in Brazil rose by 57% in January, an increase that the Brazilian government partially attributed to the water crisis in the country's southeastern region. In the first four weeks of the year, Brazil registered 40,196 cases of dengue, compared with 26,017 in the same period of 2014, the Brazilian Health Ministry said.
Friday, February 6th 2015 - 23:27 UTC
Market reacts negatively to Petrobras new CEO: too political and too close to Rousseff

Shares in Brazil's oil giant Petrobras plunged Friday as banking executive Aldemir Bendine, who is seen as too close to President Dilma Rousseff's party, was named the scandal-hit firm's new chief executive.
Friday, February 6th 2015 - 06:57 UTC
Brazil ruling party's treasurer questioned on the Petrobras corruption probe

Brazilian federal police said on Thursday they had started questioning João Vaccari Neto, the treasurer of the country's ruling Workers' Party, as a corruption probe focused on state-run oil company Petrobras widened to include political figures.
Thursday, February 5th 2015 - 09:30 UTC
Petrobras new management to be elected on Friday

The chief executive and other senior management at Brazil's Petrobras officially resigned on Wednesday amid a festering corruption scandal, sending shares higher as the government scrambled to find replacements capable of restoring investor confidence in the state-run oil company.
Wednesday, February 4th 2015 - 09:17 UTC
Brazil's industrial production contracted sharply in 2014, worst year since 2009

Brazil’s industrial production contracted sharply in December and finished last year with its steepest decline since 2009, as rising interest rates, weak demand and waning confidence from consumers and businesses weighed on output.
Wednesday, February 4th 2015 - 09:09 UTC
Petrobras shares soar 15% ahead of CEO's and senior managers removal

Brazilian President Dilma Rousseff will replace the chief executive and other senior managers at state-run oil company Petrobras later this month in an effort to turn the page on the widening corruption scandal. Petrobras shares jumped more than 15%, their biggest one-day gain in 16 years, after Folha do Sao Paulo first reported that Rousseff intended to replace CEO Maria das Graças Foster.