Below you'll find a list of all posts that have been tagged as “Petrobras”
A decade ago left-wing governments, defying Washington and global corporations, took power in Brazil, Argentina, Paraguay, Venezuela, Uruguay, Bolivia and Ecuador. It seemed as if the tide in Latin America was turning. The interference by Washington and exploitation by international corporations might finally be defeated. Latin American governments, headed by charismatic leaders such as Hugo Chavez in Venezuela, Luiz Inácio …
Washington’s regime change machinery has for the time being succeeded in removing an important link in the alliance of large emerging nations by railroading through a Senate impeachment of the duly elected President, Dilma Rousseff. On August 31 her Vice President Michel Temer was sworn in as President. In his first speech as president, the cynical Temer called for a …
The stakes could not be higher. Not only the future of the BRICS, but the future of a new multipolar world is in the balance. And it all hinges on what happens in Brazil in the next few months. Let’s start with the Kafkaesque internal turmoil. The coup against President Dilma Rousseff remains an unrivalled media theatre/political tragicomedy gift that keeps on giving. …
Currently, Brazilian President Dilma Rousseff has become the target of a political insurrection. The legislature is in the process of convicting Ms. Rousseff on charges of corruption, thereby permanently removing her from office. In the meantime, Vice -President Michel Temer has assumed the responsibilities of president. Ms. Rousseff’s charges include using profits form Petrobras, the Brazilian semipublic oil corporation, to …
The conversation centered on “changing” the government to “stop the bleeding” revealed by the so-called Car Wash investigation into Petrobras’ corrupt practices. Both men are being actively investigated for corruption under the probe, and Juca resigned from his positionon Monday. The leaked conversations feature Juca contemplating a possible Michel Temer government, with a condition that the ongoing probe be dissolved. This conversation took place just weeks before Rousseff …
Despite a bounce this week, low oil prices continue to sow fear, uncertainty, and mayhem across the emerging market complex. On Wednesday, it was leaked that the IMF and World Bank would dispatch a team to oil and gas-dependent Azerbaijan to negotiate a possible $4 billion emergency loan package in what threatens to become the first of a series of global bailouts …
It started in April with a rash of deals between Argentina and Russia during President Cristina Kirchner’s visit to Moscow. And it continues with a $53 billion investment bang as Chinese Premier Li Keqiang visits Brazil during the first stop of yet another South American commercial offensive – complete with a sweet metaphor: Li riding on a made in China …
