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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The persistent decline of international oil prices, the appreciation of the US dollar and the deteriorating Brazilian economy led Petrobras, the country’s giant, to announce it was reducing by 25...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The board of directors at Brazil’s oil giant Petrobras, announced that it had authorized the sale of 25 percent of stock from its subsidiary, BR Distribuidora. The state-owned oil giant...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Once one of Brazil’s richest man, Eike Batista, has been accused of insider trading, a crime punishable with up to thirteen years in jail if found guilty, according to the...
By Lucy Jordan, Contributing Reporter BRASÍLIA, BRAZIL – Shares in Eike Batista’s oil and gas company, OGX Petroleo & Gas Participacoes (OGX), rebounded Monday after a rollercoaster week saw them drop by forty percent last Wednesday and Thursday, temporarily knocking...
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - The U.S. dollar, as well as Bovespa, Sao Paulo’s stock exchange, were both up Monday. The dollar continued to rise against the Brazilian real, up 1.18 percent to R$2.041...
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