Brazil
Brazil Articles
Petrobras announced Tuesday morning that it is cutting its spending plan for the current fiscal year and the next.
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When Christine Lagarde of the International Monetary Fund spoke last week, it had all the hallmarks of a precursor to a downgrade of the the agency's global growth targets.
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Echoing others before it, a fresh report from Fitch Ratings has lowered its global economic outlook for 2015.
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Source: Wikimedia CommonsBrazil’s state-controlled energy company, Petroleo Brasileiro SA (NYSE: PBR), commonly known as Petrobras, said on Tuesday that it is close to selling a 49% stake in its...
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After having downgraded Brazil's sovereign rating to below investment grade Thursday, rating agency S&P has now also downgraded Petrobras.
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Though UBS has decided to maintain its Neutral rating for Petrobras, the Swiss banking and investment firm has lowered its earnings expectations for the state-run oil giant.
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The Brazilian economy has been injured and could even lapse into recession. President Dilma Rousseff is also under suspicion for corrupt behavior.
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Moody's has downgraded Brazil's debt. Among the primary drivers were not the recent scandals, but the level of debt the country has created.
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Source: Wikimedia CommonsThe one oil giant that just still keeps the investing public guessing is Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras. The wonderment here is not really about higher...
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Source: ThinkstockThere is yet another incident happening in South America, and it just makes you wonder how long the vicious cycle of socialism versus capitalism can be played as a financial and...
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Petrobras may still have a slew of problems, but several positive developments have been in the works of late.
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Given all its headwinds, that Petrobras hasn’t sunk to the bottom of Campos basin is something of a miracle.
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Despite all the corruption down in Brazil that Petrobras has spent time in the barrel about, the investing public just loaned Petrobras' global finance unit some $2.5 billion in a whopping 100-year...
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The strong reaction to Petrobras earnings has been tempered by a nearly equally strong reaction to Monday's announcement that the company will issue another $1 billion in debt.
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Petrobras reported better-than-expected first-quarter 2015 earnings after markets closed on Friday afternoon.
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