News

  • Oi boy

    Published at22/06/2016

    “OI” IS a cheerful, informal greeting in Brazilian Portuguese. But after the telecoms operator of the same name made the largest bankruptcy-protection filing in Brazilian history on June 20th, the country may finally be saying goodbye to its hopes of creating a strong, state-backed national champion. Brazil’s interim government says it will not bail out […]

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  • A laggard in Brazil oil frenzy now a favorite in the bust

    Published at17/06/2016

    In the saga of Brazil’s oil industry, QGEP Participacoes has always flown mostly under investors’ radar. It’s no heavyweight like state-run Petrobras, nor has it ever been as flashy as OGX, ex-billionaire Eike Batista’s startup. But among producers that sold more than $77 billion in stock after Brazil discovered massive offshore crude deposits in 2007, QGEP […]

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  • New CEO of Petrobras Has Good News for Brazil’s Ethanol Makers

    Published at16/06/2016

    The new chief executive officer of Petroleo Brasileiro SA looks like he’s going to be making fans in the ethanol industry. Pedro Parente, who was sworn in as the head of Brazil’s state-owned oil producer this month, has made clear that the era of government-subsidized domestic gasoline is over. That’s likely to raise prices and […]

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  • Nowhere to go but up

    Published at05/06/2016

    WITH bearded baristas and furniture cobbled together from wooden crates, Curto Café in Rio de Janeiro is a typical outpost of Brazil’s nascent hipster scene. Aficionados of its organic coffee do not pay set prices; instead they pay what they think reasonable—or what they can afford. This, says Gabriel Magalhães, one of Curto’s founders, is […]

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  • Brazil’s Renova sees new partner joining controlling bloc – sources

    Published at02/06/2016

    Brazilian renewable energy company Renova Energia SA, which is seeking fresh capital following a failed asset sale last year, could see a new partner joining its controlling bloc within three months, three sources with direct knowledge of the matter said on Thursday. Renova, controlled by Cia Energetica de Minas Gerais SA and subsidiary Light Energia […]

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  • How the West (and the Rest) Got Rich

    Published at20/05/2016

    Why are we so rich? An American earns, on average, $130 a day, which puts the U.S. in the highest rank of the league table. China sits at $20 a day (in real, purchasing-power adjusted income) and India at $10, even after their emergence in recent decades from a crippling socialism of $1 a day. […]

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