Tag: Brazil

Thursday, May 7th 2015 - 06:08 UTC
Brazil's industrial production continues to skid, 4,7% in twelve months

Brazil's industrial production has dropped 4.7% in the last twelve months after slipping in March by 0.8% amid a sharp downturn in the country's economy, official figures showed Wednesday.
Thursday, May 7th 2015 - 05:56 UTC
Probing Petrobras corruption scandal becoming tougher for prosecutors

Brazil's Supreme Court ordered another engineering executive released from jail on Wednesday, complicating prosecutors' efforts to expand the current corruption investigation at Petrobras.
Thursday, May 7th 2015 - 05:22 UTC
US for third year running main wheat supplier for Brazil displacing Argentina

For a third year in a row the United States will be the top wheat supplier for Brazil, displacing Argentina from its historic position, according to the latest release from Brazilian consultancy Trigo & Farinhas. This piece of information is significant given the world prices for grains and wheat planting prospects in South America.
Wednesday, May 6th 2015 - 17:24 UTC
Petrobras awarded in Houston highest recognition for offshore oil operators

Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the highest recognition that an oil company can be given as an offshore operator.
Wednesday, May 6th 2015 - 07:16 UTC
Brazilian leading bank prepares ahead of the country's 'steepest recession in two decades'

Itaú Unibanco Holding SA, one of Brazil's strongest and leading banking groups is provisioning more for loan losses and curbing loan book growth in a bet that careful risk management will help the bank navigate the country's steepest recession in over two decades.
Tuesday, May 5th 2015 - 06:41 UTC
Brazil's Vale CEO becomes chairman of Petrobras board of directors

The CEO of Vale SA Murilo Ferreira was voted Chairman of the Board of Directors at Petroleo Brasileiro Petrobras SA (ADR). The Rio de Janeiro-based oil corporation is the most indebted energy company in the world, and is battling to get its way around one of the biggest corruption and bribery scandal that has surrounded the company since October last year.
Tuesday, May 5th 2015 - 06:34 UTC
Brazil pledges rule changes to make oil exploration and production concessions more dynamic

Brazil's government is discussing changes to its oil regulations but any new rules will not be in place before an October auction of exploration and production concessions, the country's energy minister Eduardo Braga said on Monday.
Tuesday, May 5th 2015 - 06:19 UTC
Petrobras sets record for exploratory drilling in water depth of 3.000 meters

Petrobras has set a new Brazilian record for exploratory drilling by reaching a water depth of nearly 3,000 meters, the state-controlled oil giant said. The 3-BRSA-1296-SES well was drilled to a water depth of 2,988 meters - eight meters more than the 3-SES-184 well Petrobras drilled in February in that same basin - and a total depth of 6,060 meters.
Wednesday, April 29th 2015 - 22:59 UTC
Flexibility to discuss trade accords with third parties, Uruguay demands from Mercosur

Brazil's deteriorating economy and the recession tendency in Argentina, Mercosur main and largest partners, are influencing inter-group trade and the Uruguayan government is pressing for more flexibility that should allow it to negotiate agreements or understandings with third parties.
Wednesday, April 29th 2015 - 08:24 UTC
Australia and Brazil angry at Indonesia for execution of drug-traffickers

An Indonesian firing squad executed eight convicted drug-traffickers from several countries on Tuesday, prompting Australia to recall its envoy to Jakarta and bringing an angry reaction from Brazil.