Recent Posts

Carney’s silent period may bring respite in Brexit battle

  Bloomberg Brexit campaigners crying out for Mark Carney to stop talking should get their wish granted next week. With just nine days until a pre-European Union referendum purdah period begins, the Bank of England governor has a few hurdles to jump in the fraught political race that’s dominated his agenda. After his most recent comments dragged him further into ...

Read More »

Petrobras pays record yield in $6.75 billion bond sale

  Bloomberg Petroleo Brasileiro SA, the state-run oil producer at the center of Brazil’s biggest ever corruption scandal, offered record-high interest rates to entice investors to its first international bond sale in a year. Petrobras sold $5 billion five-year notes to yield 8.625 percent and $1.75 billion of 10-year notes to yield 9 percent, according to a person familiar with ...

Read More »

Gasoline tax hike would be boon for Brazil’s ethanol producers

  Bloomberg Brazil’s ethanol producers may get a boost as the government is said to be mulling a higher gasoline tax as it looks to reduce the nation’s widening fiscal deficit. Finance Minister Henrique Meirelles is considering raising the so-called Cide tax on gasoline prices as an alternative to reinstating taxes on financial transactions, Brazilian newspaper Folha de S. Paulo ...

Read More »
Send this to a friend