Monthly Archives: January 2015

The year of energy-induced recession in Brazil?

Posted on January 21, 2015 by

The beginning of the rainy season in Brazil has not brought enough rain to prevent water levels in the reservoirs in Brazil’s south-east and centre-west falling to record lows. The chances of energy rationing are, therefore, increasing. The government maintains … Continue reading →

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Petrobras shuts Brazil out of the international markets

Posted on January 6, 2015 by

The Petrobras corruption scandal has effectively closed the international capital markets to all Brazilian issuers, with bankers frustrated that the quasi-sovereign oil company is preventing companies from taking advantage of a positive bounce following the announcement of Joaquim Levy as … Continue reading →

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