A consortium led by the Netherlands-based oil trader Vitol is planning to acquire stakes in Nigerian offshore fields, which are held by Brazil's Petrobras and its partners. The consortium includes Vitol, Vancouver-based Africa Oil and Delonex Energy, Africa-focused oil and gas company, backed by private equity fund Warburg Pincus and the International Finance Corporation (IFC). The assets are valued at about US$ 2.5 B, said the source. The deal is expected to provide the Vitol-led consortium with a stake in some of Nigeria's oil and gas assets. The company is set to shove the big chunk of the investment, spending an amount of US$ 1 B, reinforced the source.

Jun 20, 2018 - Reuters

Product shortages driven by an 11-day truckers' strike in late May likely lifted Brazilian consumer prices in the month to mid-June by the most in more than two years, driving the annual inflation rate comfortably back to the official target range.The benchmark IPCA index probably rose 1.00 percent from mid-May, according to the median of 21 forecasts compiled in a Reuters poll of economists.

Jun 20, 2018 - Seeking Alpha

Analyst comment: The Brazilian stock market has been hammered in the last few months. In US dollar terms, it's one of the worst-performing emerging markets so far this year. Even now, Brazilian stocks don't look cheap. Investors appear to have finally woken up to the uncertain outcome of presidential elections later in the year.

Jun 20, 2018 - Xinhua

Brazil has instruments in response to market volatility: finance minister. Brazil's Finance Minister Eduardo Guardia said that the Brazilian government has instruments in response to the volatility of the financial markets. "We have powerful instruments to act in moments of high volatility," said Guardia during an event held in Sao Paulo. Citing a global appreciation of the US dollar, he said: "We will act if there is a variation on the prices of the fundamental assets of the economy."