From the Media

Dec 10, 2018 - Bloomberg

Emerging-market rallies are a lot more likely early in 2019 than later in the year, when attention starts focusing on a possible U.S. economic downturn, according to Goldman Sachs Group Inc.’s Alberto Ramos. On Brazil’s Jair Bolsonaro: "We’re not concerned about policy direction. Actually, we’re inspired by it. We think the Bolsonaro administration is being advised by and has a team that’s one of the most liberal in terms of thinking that we’ve seen in the last 20 or 30 years. But the biggest question is on governability."

Dec 10, 2018 - Offshore Wind Journal

Brazilian state oil and gas giant Petrobras has committed to developing wind and solar energy in its latest strategic plan. Launching its 2040 Strategic Plan and 2019-2023 Business and Management Plan on December 5, the company said it recognized that demand for renewable energy was growing and it wanted to become an integrated energy company. The Strategic Plan outlined its vision as an integrated energy company, aligned with the needs of society and “increasing diversification in energy sources and uses.” Petrobras said its focus on oil and gas remained important but that it would “give more room for other energy sources” and had adjusted its strategy in view of the transition to a low-carbon economy.

Dec 10, 2018 - Sydney Morning Herald

With his inauguration just weeks away, Brazilian President-elect Jair Bolsonaro is assembling a Cabinet of ministers with starkly different views on key issues like climate change, the economy and China that is raising questions about the direction the far-right leader will take Latin America's largest nation. Since being elected in October, Bolsonaro has appointed a finance minister schooled in neoliberal economics, a foreign minister who describes globalization as "an anti-human and anti-Christian system," supporters and critics of China's role in the region, several retired military generals and a justice minister who is arguably the world's most renowned corruption fighter.

Dec 10, 2018 - The Wall Street Journal

Brazil’s Constellation Group Files for Bankruptcy in the U.S. Drilling company cites a global decline in the oil-and-gas sector and Brazil’s recession. Servicos de Petroleo Constellation S.A., a Brazilian oil-and-gas drilling company, filed for bankruptcy in the U.S. on Thursday to help it restructure nearly US$ 1.5 billion in debt. The company sought chapter 15 protection, the section of the bankruptcy code that deals with international insolvencies, in U.S. Bankruptcy Court in New York.