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Monthly Archives: January 2015
The year of energy-induced recession in Brazil?
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
Posted in Blog
Tagged brazil, drought, Energy, energy rationing, hydrology, ONS, water rationing
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Petrobras shuts Brazil out of the international markets
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
